Business Forecasting with Write-BackWhat is Business Forecasting?
It is common to hear a company’s management speak about forecasts. Every decision and every process the company engages in intend to be based on some prediction to support them. The growing importance of business forecasting is obvious, especially in times of change and uncertainty:
-
- Companies can estimate their financial requirements, so they guarantee an efficient use of their resources.
- Companies can estimate their financial requirements, so they guarantee an efficient use of their budgeting resources;
- Teams can achieve more effective control, by becoming aware of their weaknesses and implementing measures for the future.
Challenges
When using Tableau to show business KPIs or any other metrics, automatic forecasting mechanisms can be easily applied; however, on a number of business processes, it is necessary for the team responsible for the forecasting to manually input the data. This is not a straightforward task, with Tableau requiring switching to third-party tools.
How can Write-Back help you
With Write-Back you can provide manual forecasting in a nice table straight from your Tableau dashboard. The person responsible for the forecast can easily create new fields associated with the metrics subject to analysis and users can input new data in them, such as sales predictions and expected profits, or even the business’s economic growth. Even if you are doing a forecasting process distributed across multiple users you can ensure all the data is structured correctly and available in a database so you can leverage it in your visualisations.
Forecasting can provide essential data to any business, no matter the industry. With Write-Back, bringing teams together and providing better access and exchange of information between them becomes easier.
Write-Back allows users to add new data to visualization, with the advantage that the information is preserved in a database. Another great advantage of using Write-Back is that all the changes you make in the database are kept on record.
Forecasting can provide essential data to any business, no matter the industry. With Write-Back, bringing teams together and providing better access and exchange of information between them becomes easier.
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Managing Reference Data
Mark Annotation
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Root Cause Analysis
Churn Risk ManagementUse Cases / Business Forecasting
Business Forecasting with Write-Back
What is Business Forecasting?
It is common to hear a company’s management speak about forecasts. Every decision and every process the company engages in intend to be based on some prediction to support them. The growing importance of business forecasting is obvious, especially in times of change and uncertainty:
-
- Companies can estimate their financial requirements, so they guarantee an efficient use of their resources.
- Companies can estimate their financial requirements, so they guarantee an efficient use of their budgeting resources;
- Teams can achieve more effective control, by becoming aware of their weaknesses and implementing measures for the future.
Challenges
When using Tableau to show business KPIs or any other metrics, automatic forecasting mechanisms can be easily applied; however, on a number of business processes, it is necessary for the team responsible for the forecasting to manually input the data. This is not a straightforward task, with Tableau requiring switching to third-party tools.
How can Write-Back help you
With Write-Back you can provide manual forecasting in a nice table straight from your Tableau dashboard. The person responsible for the forecast can easily create new fields associated with the metrics subject to analysis and users can input new data in them, such as sales predictions and expected profits, or even the business’s economic growth. Even if you are doing a forecasting process distributed across multiple users you can ensure all the data is structured correctly and available in a database so you can leverage it in your visualisations.
Forecasting can provide essential data to any business, no matter the industry. With Write-Back, bringing teams together and providing better access and exchange of information between them becomes easier.
Write-back allows users to add new data to visualization, with the advantage that the information is preserved in a database. Another great advantage of using Write-Back is that all the changes you make in the database are kept on record.
Forecasting can provide essential data to any business, no matter the industry. With Write-Back, bringing teams together and providing better access and exchange of information between them becomes easier.