From the course: People Analytics

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Integrating with financial analytics

Integrating with financial analytics

From the course: People Analytics

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Integrating with financial analytics

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(uplifting music) - Relative to financial analytics, I don't think there's any question that the most important analysis you can do is projects that return an investment to the company. Reduce turnover, improve sales, improve product quality, improve customer retention, improve margins, so your financial analytics groups are also going to be part of your team. Let me make one more example on that, 'cause this is a company that runs cafeterias, and serves food to universities, schools, prisons, hospitals. They basically run our outsourced cafeteria. And one of the things they found is in their particular business, They're multi-year contracts, three, five year contracts, and when they lose a contract, it's a massive business problem. They looked at all sorts of data they had on these different relationships between these different clients. They discovered that the most predictive business issue that was correlated to losing a large client was actually a workplace accident. It was one…

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