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Category Archives: Business Research & Analytics

Importance of Chemical Industry in India and its Global Potential

Chemical Industry is a diversified sector, which covers around 80,000 commercial products.  The industry is classified into three segments such as basic chemicals, specialty chemicals, and Agrochemicals.  The chemical industry in India projected to reach $304 billion in 2025.  Total production of chemicals and petrochemicals was at 47,882,000 MT in 2017-18, 2.62% increase over 2016-17.  This industry employs more than 2million people.  The chemical industry in India is the largest consumer of Read more [...]

Importance of HR Analytics in Organization – Important Metrics in HR Analytics

Analytics is the interpretation of data patterns that aid decision-making and performance improvement.  The concept of Analytics can be widely used in Human Resource (HR) management as well.  HR analytics is a data-driven approach to managing people at work.  HR analytics, also known as people analytics, workforce analytics, or talent analytics, revolves around analyzing people's problems using data collected to answer critical questions about an organization.  The Analytics in HR involves the Read more [...]

Overview of the Beverage Industry – What are the Major Composites of the Sector?

The beverage industry consists of two major categories and eight sub-groups. The non-alcoholic category is comprised of soft drink syrup manufacture; soft drink and water bottling and canning; fruit juices bottling, canning and boxing; the coffee industry and the tea industry. Alcoholic beverage categories include distilled spirits, wine and brewing. Evolution of the industry Although many of these beverages, including beer, wine, tea, and coffee have been around for thousands of years, Read more [...]

Global Predictive Analytics Market To Reach USD 9.20 Billion By 2020 – How Predictive Analytics will Impact your Business?

Predictive analytics is the practice of extracting information from existing data in order to determine patterns and predict future outcomes and trends.  Predictive analytics does not tell you what will happen in the future.  It forecasts what might happen in the future with an acceptable level of reliability, and includes what-if scenarios and risk assessment. The global predictive analytics market to grow from USD 2.74 Billion in 2015 to USD 9.20 Billion by 2020, at an estimated compound annual Read more [...]

Technology Impact on Translation Industry and Global Outlook 2020

The economic growth, accelerated global trade, and improvement in technology have brought higher importance to the the local languages n Asia and Africa as well.  Big software firms like Microsoft find it profitable to localize their wares in small languages like Vlach, Belarusian or Luxembourgish.  There are multiple languages and dialects exist in different countries and even in Europe, the European Union members have to communicate in in 24 tongues.  Translation is no longer usually to or from Read more [...]

Electronic data interchange (EDI) Global Market and its Applications in Industries

Electronic data interchange (EDI) is a computer-to-computer exchange of business documents among companies.  EDI is an innovative electronic communication technology that offers exchange data standards, for exchange of data by any kind of electronic technology.  EDI replaces the process of faxing and mailing of paper documents.  EDI documents utilize specific computer record formats that are based on widely accepted standards.  However, each company will use the flexibility allowed by the standards Read more [...]

Real-time Financial Reporting – Increased Expectation of Investors

Although the definition of real-time reporting vary, in effect the Real time means shifting from a process of making data available only at certain pre-established intervals to one where it is provided on an as-needed basis.  The technological developments had increased the level of expectations.  We expect to have the latest news and commentary available instantly, and are ever more intolerant of any delay.  Similarly, investors now expect real-time information from companies to help them to Read more [...]

Key Influencers and How they Affect Your Business – Tips to Understand Key Influencers to Drive your Business Growth?

Key influencers are the people who can actually drive sales and awareness.  While in consumer spending, members of peer group or reference group act as influencers and in business to business (or organizational) buying, internal employees (engineers, managers, purchasers) or external consultants act as influencers.  Thus, we can term those individuals who have the power to affect purchase decisions of others because of their (real or perceived) authority, knowledge, position, or relationship are Read more [...]

Growth of Food and Beverages Industry in India – An Overview about the Opportunities for New Concepts and Innovative Services

India is well-known for its food and beverages service industry.  It is one among the most vibrant industries which demonstrated unprecedented growth in the recent past.  The industries is continues to expand rapidly.  This growth can be attributed on account of changing demographics, growing disposable income, urbanization and growth of retail industry. The food and beverage market was estimated at US$30.12 billion in 2015 and is expected to reach US$142 billion by 2020, with a compounded Read more [...]

Economic Scenario of India in 2016 – Indian Economy Forecast – Expecting Higher GDP Growth till 2017

As per a recent report by The World Bank, ahead of China, India is set to emerge as a growing major economy by 2016.  The Gross Domestic Product (GDP) of India is expected to grow at 7.9% as per the reports by CRISIL, for the FY 2016-17.   The World Bank forecast is also reflects higher GDP growth of 7.9% and 8.0% for the years 2016 and 2017.  The improvement in India’s economic fundamentals has accelerated in the year 2015 with the combined impact of strong government reforms, RBI's inflation Read more [...]