To manage a maze of inventory more efficiently, businesses need to prioritize items that are most essential to its success. An ABC analysis is a technique you can use to identify your best and worst performing inventory over a certain period or even a season. It gives businesses greater inventory control and helps reduce costs. …
Traditional methods to sell a car has been working for many years. But in this time and age where customer needs and demands are ever changing, access to competitive digital retailers and supply-demand makes it challenging to keep up with the dynamic market. When a customer walks into an auto dealer showroom/workshop, they are worth …
How can dealerships cash-in beyond just a one-time sale or service? Read More »
The analytics landscape continues to evolve rapidly, and businesses must align their strategies to stay competitive. At NRoot Labs, we believe that a strong analytics foundation rests on a few critical vectors. These vectors are interdependent and provide the scaffolding for a data-driven organization. Below, we help outline some key areas and their significance in …
Foundational Vectors for Building a Robust Analytics Framework Read More »
The automotive industry is already at the cusp of changes! Dealerships are looking at innovative ways to retain customers while also improving their bottom line. Some of the most popular schemes being applied are up-sell & cross-sell such as “extended warranty” and “service contracts” respectively. These ensure dealerships “lock-in” customers ensuring long term loyalty! But …
Auto dealer’s road to sustainability with effective burn rate analysis! Read More »
In a world where data drives everything, making decisions based purely on gut instincts might seem bold, but it often means overlooking key insights and missing out on opportunities. Gut-based strategies, shaped by intuition and past experiences, can yield quick wins but lack the depth, reliability, and foresight needed for sustainable success. Enter data-driven strategies—leveraging …
From Instincts to Insights: The Shift to Data-Driven Leadership Read More »
In today’s dynamic business landscape, enterprises increasingly rely on a diverse range of specialized applications to address their unique needs. By integrating data from these multiple systems, analytics solutions can deliver unified, comprehensive analysis that drives informed and strategic decision-making. This is especially true in the automotive industry, where a connected ecosystem is essential for …
The Power of Connected Data in the Automotive Industry Read More »
At NRoot Labs, we pride ourselves on delivering comprehensive analytics solutions tailored to meet the unique needs of our clients. On a high level, we have classified our approach is built on several key components to ensure our solutions are effective, secure, and user-friendly. Data Integration Effective analytics begin with robust data integration. We connect …
Unlocking Success: Key Components of Our Analytics Solutions Read More »
Blog by our Co-founder : Varun Thatha In today’s business world, technology adoption is no longer just an option; it’s a criteria for staying relevant and thriving amidst fierce competition. In my 15+ years in the analytics space, I have seen businesses adopt various BI technologies to gain insights, streamline processes, and stay ahead of …
The Balance Between Technology Adoption and Customization in Business Intelligence Read More »
In a world where data is paramount, don’t you agree that insights are invaluable? And with the right mindset you bring to the table will truly set you apart! Enter the growth mindset – a powerful approach that can propel you and your business forward in your analytics journey like never before. So, what exactly …
Embracing a Growth Mindset: Your Key to Analytics Success Read More »
In today’s business landscape, the significance of making quick and well-informed decisions cannot be emphasized enough. Be it manufacturing, retail, finance institutes or any other industry, two pivotal technologies that play a crucial role in facilitating data-driven decision-making and operational efficiency are Enterprise Resource Planning (ERP) and Business Intelligence (BI). The partnership between Enterprise …
Enhancing Business Efficiency : The Synergy Between ERP and BI Read More »