Data Analytics Capabilities By Type
We can configure data analytics platforms ranging in scope and complexity according to your business goals, budget, and requirements.
Descriptive analytics
What happened?
We leverage this relatively simple form of data analytics to describe events that have occurred over a given period of time. This may include analyzing your sales volume data to identify the most successful products or services.
Diagnostic analytics
Why did it happen??
Our team can apply diagnostic analytics to explain the reasons behind a certain trend. For example, we might clarify if an increase in sales is due to the effectiveness of your latest marketing campaign or external factors.
Predictive analytics
What may happen?
Itransition deploys predictive analytics systems fuelled with machine learning algorithms to process data and forecast upcoming trends or scenarios, including market fluctuations, peak demand, or potential cyberattacks.
Prescriptive analytics
What should be done?
Drawing on this advanced data analytics branch, we create software solutions capable of predicting future developments and suggesting the best course of action, such as corporate resource allocation based on the expected service usage.
How We Unlock Your Data’s Full Potential
How We Unlock Your Data’s Full Potential
Wondering what is the best model to use for your project? Depending on your project, each model has its advantages and disadvantages that you should consider before deciding. Here is a tabular comparison between the dedicated development team, time material, and fixed price:
| Dedicated Development Team | Time & Material | Fixed-price |
|---|---|---|
| The company manages the project and your dedicated development team but offers | The client has to provide a precise scope and oversee the project to ensure relevant work. | The client and the dedicated development team agree on a fixed cost for the entire project. |
| As a project manager leads the project, the client’s involvement is minimal. | Cooperation between the client and the development team is closer than with the dedicated team model, as the client needs to be more involved in the decisions. | You’ll pay only that predefined sum regardless of the amount of time or resources that the company needs to complete the project. |
| The client & team coordinate the project’s workflow, including deliverables and development schedules. | Flexible approach to development that gives room for changing requirements. | It’s mainly used for short-term projects, especially if they are small or medium-size or have a limited scope. |
| It is a more affordable option than hiring your in-house team. | Highly scalable and rapidly adaptable to new needs. | No surprise costs, as the final price is agreed upon before development starts in delivering the project on time. |
| The team works dedicatedly on your software development project. | Tight time management ensures faster development. | Client’s involvement |
| It ensures continuous development and delivery for improved scalability | Increased cost control and budget flexibility. | The workflow is predefined and agreed upon by both parties, meaning there shouldn’t be any issues is minimal, as a project manager leads the project. |
| It ensures faster workflow when compared to more strictly planned models. | Closer monitoring of the development by the client. | - |