Aiming to provoke thought, provide guidance on your software or analytics journey, highlight business technology advances, and sharing some tips and quick wins too.
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Yes, effective forecasting helps reduce costs by optimising inventory levels, avoiding overstock or stockouts, improving resource allocation, and preventing unnecessary spending. By anticipating demand and operational needs, you can minimise waste and make more strategic financial decisions.
For small businesses with limited data, simpler methods such as moving averages or exponential smoothing can provide useful forecasts without requiring complex data sets. As more data becomes available, you might consider more advanced models like regression analysis or basic machine learning techniques to improve accuracy.
Improving forecast accuracy involves using high-quality, relevant data and choosing the right forecasting method for your business context. Regularly updating your models with new information, incorporating external factors like seasonality or market trends, and validating your predictions against actual outcomes will help refine forecasts over time.
Yes of course, that’s not an issue. Some new clients want to safeguard their project idea before sharing their thoughts, project brief, existing systems or data, which we fully understand as a software development and analytics company.
Data analytics is more than merely presenting numbers and figures to management. It is about exploring and understanding your data and using that knowledge to drive actions. Data analytics reveals the patterns and trends within the data, which might otherwise remain unknown. Data scientists convert raw data into information that helps guide business decisions.
In order to provide Objective with the flexibility needed within their business but at the same time to provide the client with protection for your investment, this is our stance. Objective retains the rights to ownership and grants the client a permanent, non-exclusive, royalty free license to use and employ such materials within their business. …
Support is from 09:00 to 17:30 Monday to Friday excluding bank holidays in the United Kingdom. This covers telephone and e-mail support. Reasonable endeavours to respond within the working day, if the issue is raised before 10am. Priority response times can be agreed in advance.
We offer a range of on‐going support services. Whether it is issues that need fixing, ongoing maintenance or a change to your bespoke software we are here to help you and maintain our relationship. For more details, please view: Support
We will provide a cost estimate for each project or change request (either as time and materials or fixed price) before work begins. For the time and materials approach, time recorded can be viewed daily via our client portal. When possible, a test system will be updated on a weekly basis so you can review the …
Our project portfolio covers a wide range of clients ‐ from large, global corporate organisations to small, owner managed businesses. To us, a client’s vision and project objective is what matters most, plus we love a challenge. Realistically a reasonable budget investment is needed for a brand-new bespoke system, so if we had to name a …
Broadly speaking we follow 6 steps; of course, these may vary depending on the business questions being asked and the data available. Typically, the steps are: Problem Definition Data Exploration Data Preparation Modelling Validation Implementation and Tracking More detailed information is explained in our blog
Preparation and Briefing – getting to know each other, your business, and your requirements. Concept and Technical Design – as well as a design specification, we build a clickable framework so you can test and feedback before development begins. Development – building the software in line with customer‐approved milestones. Quality Assurance – testing the beta …