Top Management College in Kolkata | PGDM College in India Praxis

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Corporate Solutions

Data has become the most valuable asset that enables organizations to create a competitive advantage. As the pace of data generation increases, businesses have resorted to innovative ways to leverage their data for strategic decision-making.

At Praxis, we leverage our experience across business domains with deep expertise in Data Analytics, Machine Learning and Statistical Modeling. The aim of the Data Science consulting team is to support organizations to extract actionable insights, optimize processes by predicting deviations, and thereby drive business growth.

METHODOLOGY FOR DATA SCIENCE CONSULTING AT PRAXIS

At Praxis we first understand the business’ existing scenarios and areas of improvement through consultative interventions. Once the problem is well defined, we involve professionals who possess a deep understanding of data analytics, machine learning, and statistical modeling. These consultants who have decades of experience working with global clients bring their expertise to organizations, assisting them in unlocking the potential of their data assets and transforming raw information into valuable insights.

Key services offered by Praxis Data Science consulting team:

Consultants work closely with businesses to define data-driven objectives, identify relevant data sources, and establish a roadmap for implementing data science solutions.

Data visualization plays a pivotal role in transforming complex data into visually compelling and easily understandable representations. Praxis’ in-house Data Science consultants, skilled in data visualization, employ various techniques and tools to help organizations extract actionable insights.

Key aspects include:

  • Exploratory Data Visualization: Consultants use visualizations to uncover patterns, correlations, and anomalies within datasets, enabling stakeholders to gain a deeper understanding of their business processes, customer behavior, and market trends.
  • Interactive Dashboards: Consultants create interactive dashboards that provide real-time visualizations, allowing users to explore data, drill down into specific details, and derive insights on-demand. These dashboards promote self-service analytics, empowering users across the organization to make data-driven decisions.
  • Storytelling through Data: Consultants utilize data visualization to craft compelling narratives that communicate complex information effectively. By presenting data-driven stories, stakeholders can grasp insights more intuitively, leading to better decision-making and enhanced communication across teams.

Predictive analytics enables organizations to anticipate future outcomes, identify trends, and make proactive decisions. Data science consultants with expertise in predictive analytics help businesses gain a competitive advantage by leveraging historical data to build models that forecast future scenarios. Key services offered by Praxis includes:

  • Optimized Modeling: Consultants employ statistical techniques and machine learning algorithms to optimize the existing data models in business domains, such as sales forecasting, demand planning, customer churn prediction, and fraud detection.
  • Risk Mitigation: We utilize predictive analytics to identify potential risks, anticipate threats, and develop strategies to mitigate them. This enables businesses to proactively manage risks and reduce the impact of any unforeseen events.