One of the key issues any e-commerce business needs to consider is the data it will possess and the analysis it can do on that data. Nowadays there are tools and technologies that can allow you to extract meaningful and actionable insights from your data. This is key to the success of any e-commerce business. At Quant Coding we have experience producing business intelligence dashboards for our customers that provide interactive way to view the state of your business, the state of your competition, and run possible scenarios and make forecasts about the future of your business.
Consider the following problem: you are selling products with your e-commerce store and you have multiple competitors. You definitely wish to know what they are up to and react in appropriate way. There are many questions any business owner has but some of the key problems they face are:
These and similar questions can possibly be answered by the services we offer at Quant Coding.
The first step of the process would be to collect as much data as possible. This would need to be done in a systematic and automatic way. Data can be gathered from public API endpoints; it can be scraped from web pages of your competitors and data can be gathered from your business data stores. We at Quant Coding have utilized multiple technologies for collecting such data. Examples include the robust scraping framework Scrappy that can be used to scan your competitors’ websites and gather structured data, SQL Server Integration Services for Extract-transform-load operations as well as Talend Open Studio, Jasper TIBCO ETL based on Talend and others.
One of the key items that requires skilled professional is that all this data need’s to be structured in way that would be usable. This process may involve building your Data Warehouses, Data Marts, or Data Lakes. Data would need to be ready in a format and structure that would allow you to analyze it properly and deduce meaningful insights from that. For larger data sets especially, one of the key issues to consider is that you need to use the proper technologies and have skilled professional building your data stores. Efficiency, efficacy and pure technical elegance are very important issues when building your data warehouse. Summing the differences of daily inventory levels that you had scraped from your competitors’ websites is only one example of transformations to the data that can be done. This can produce business insights such as your competitor’s sales by products over time and allow you to compare with your own data.
Once your data is ready and properly structed for analysis you can proceed by building interactive business intelligence dashboards. These would be static or interactive reports that will get you a good overview of your business, your business environment and answer many questions for you. This would be valuable business information that you can then use to scale, grow and improve your business. At Quant Coding we have experience using multiple business intelligence and reporting tools such as Power BI, Tableau and others. Of paramount importance is that the person who will be building these reports for you has solid grasp of business and can work only with general directions, can propose solutions, is very curios and knows what insights would be most important to you.
At Quant Coding we have experience collecting data from online sources such as price data, inventory, sales and other important data. We have skills in transforming this data to make it more interesting and easier for analysis such as building data warehouses. On top of all this we have experience building business intelligence dashboards and reports that would allow you to view your business not as an isolated unit, but as something that acting in a dynamic environment where quick insights and speedy actions can make a huge difference. Check out our Data Management and Business Intelligence services.