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BUSI 650: BUSINESS ANALYTICS

BUSI 650: BUSINESS ANALYTICS

Table of Contents

Introduction. 3

Data strategies. 3

Defensive. 4

Offensive. 4

Mixed. 4

Mission. 4

Vision. 5

Objectives. 5

Data analyze. 6

Liner relation. 6

Core relation. 6

Average. 7

Conclusion. 7

 

 

 

Introduction

Koho’s is a fintech company that is situated in Canada and it operates their company in Canada. This organization is on a mission to make the financial system transparent and intuitive and currently they are facing two types of challenges in their data perspective as it is disturbing their performance in the organization and the market. The importance of fintech in the current financial institutions and their system because this is the part of the extremely competitive industry with the big banks and the tech players that are available in the current market competitions such as BMO, TD, Apple, Amazon, and the other competitive business.

Business analytics is a set of technologies for solving business problems using data analysis, statistical models and quantitative methods.

Koho’s is the company that secures around CAD 70 million and their fintech start-up raised the capital from the TTV capital, and the driving capital, also, portage 3 ventures. Koho’s organization is providing financial and application-based banking platforms that help them to simplify the financial products and this is available for everyone this will create competition for the other tech player companies that are available in the market and create the competition in the current market. This is the reason that Koho’s secures the $70 million series C that is adopting the digital banking service and this creates more competition for the other big banks in the digital section.

Data strategies

Koho’s organization that is known as the fintech company and their privacy policy is the policy which is making the new era in the banking section and changing the working policy in the banking area as they have introduced the full-service account with there is no hidden fees and with the help of this, they are coming up and launching their reloaded prepaid visa card that earns the cashback amount on every purchase which is customer done and help the users. Koho’s is changing and innovative the new ideas and the plan which is to change the working policy and the way of working in the Canadians bank (Gai, et al., 2018).

The privacy policy of the Koho’s organization and their privacy-preserving data analytics policy is offensive towards the customers because of the reason behind setting up this organization (Gai, et al., 2018). Koho’s Financial is a Toronto-based fintech organization this startup that is founded by Daniel Eberhard the reasons behind implementing this are to save the time and the fees which they have been paying to do business with the major Canadian banks. The privacy policy of the Koho’s organization is to make sure that this is the offensive policy in the favor of the customers and they are saving the people time and the charges of the fees which the company has been charging and the banks are taking from the people to providing the banking services. Koho’s collecting data strategies is to understand the other bank’s charges and their amount which have been they have been taking from the people and based on these data they have implemented the strategies which are reducing the extra fees charges for the people of Canada (Goldstein, et al., 2019).

Offensive

Koho’s organization privacy policy is offensive for the customers as they have saved themselves from controlling the extra fees and the amount of the charge and they have to pay the fees on an individual basis to do their business with the major Canadian banks and because of this they have to pay and with the help of this Koho’s offers the millennial a no fees alternative banks account which helps them to fund and start their business in the market and do the progress in this. Koho’s has different working strategies and the thought to run their organization in the market and change the thought for the other companies and create the competition in the market for the banks and makes things difficult for them (Goldstein, et al., 2019).

These are the motive of this organization to help the people with the other types of the funds and the people survey such as they record the details this is also, help them to expand their business more and reduce the amount of their tax in the market.

Their data strategies in the market are becoming offensive for the other banks that are working in the market of Canada. This means as the banks have tough competition in the organization and the international market and the other commercial market they have to handle the market situation with both the scenario.

They have both the strategies from the different perspectives from both the scenario as they have to expand their company business in the market and for that, they have been providing the services to their customers and the other people to attract them towards the company working policy. Therefore the offensive motive is also, created because of the company the other banks have found difficulties while working in the organization.

Mission

Koho’s mission is to develop the working policy and provide a better level of the financial solution to the people of Canadian and the people that exist in Canada and helps them to build the company base and their work level by providing them the amount in the fund and save their amount from the extra charges of the fees and the hidden amount of the fees which they have to pay for their marketing development in the company. Their ultimate motive is to save the other fees charges and the same time which they have to spend in the bank for opening the bank’s accounts and receive the bank services from the company (Schueffel,2016). They have a mission to make the business and the bank transaction on the transparency basis as they have the motive to make the working policy easy and in the digital manner that saves time for the people and this is a very helpful service for the people of Canada that are going to expand their business in the market of Canada and also, they have been going to implement the new strategies in their organization. This is the mission of the koho’s organization to help the people and make easy access in the business and the market for the better and more productive policy development in the organization and the market of Canada (Schueffel,2016).

Vision

Koho’s vision is to provide a payday loan to the industry and the companies which are situated in the industry and the marketing policy of Canada and also, they have implemented a new type of koho’s software and cellular software that helps the company to provide and rotates the more money and the value of cash in the market. Also, they have been providing the loan and the market brand with the help of their app which they have launched in the market and this app provides the services to the employees and the people that need the fund and the amount to invest the money in the market and their organization. This is the reason Koho’s fintech organization introduces the $210 billion vision cash and the advance that markets posted and their new application introduced in the market. This is helpful for the people as they use the application and the software which is provided by the koho’s organization.

Objectives

The objective of the koho’s organization is to provide funding to the people and the small organization also, the new startup that has been wanted to launch their products and the services in the market and this is the very helpful objective for the customers of the koho’s organization. This is the best reason and the better services that are provided by the koho’s organization for the development of both the company and the small market business that needs to expand their business in the company. According to the data and the data research and based on the koho’s company data and their customers is saving 7% of the money which they have been deposit into their account and they have been providing the two sorts of cards that they choose as they have been providing and koho’s have their style to provide the services in the market as they have been expanding the business and implement the new strategies in the market and provide the services to their customers in the other ways that help to make the koho’s company as the unique company in the market and the outside the organization.

Data analyze

There are three types of tools that help the organization to analyze the data of the company and implement the policy for the better development of the organization and the customers this is reason they analyze the data with the help of these three data (Schueffel,2016).

Business analytics is a set of technologies for solving business problems using data analysis, statistical models and quantitative methods.

 

Liner relation

Koho’s fintech corporation is the organization that has been providing an app that name is KOHO’S and their app has been providing offer a highly competitive 1.2%  interest rate on the new user of their app and the entire balance and this is the new product which has been available over there (Marr, 2017). Koho’s is an alternative banking account that has been secured the $25 million of the funding round and led by the driving capital of the koho’s organization. This is also, explain to the company the total details and the information of the customers that have been using their websites and they have been implementing this in the market (Marr, 2017). These tools help the company to get the total information of their customers and with the help of this, they have been the helpful tool that helps the Koho’s organization to analyze their customer details and the company data and the price of the money which they have been expanding and providing the companies and small market and the startup to expand in the market for the better development of the Canada market (Schmidt, et al., 2018).

Core relation

Koho’s fintech organization and the development of this company in the market is the revolution to the banking system in the Canadian banks and the bank which has been working and presented in the market of Canada. These are the factor that has been helping the company to analyze the valuation of the koho’s company in the market and expand the level of the marketing in the organization (Pearce, et al., 2019). Business analytics is a set of technologies for solving business problems using data analysis, statistical models and quantitative methods. Fintech is providing the development of the company and helping the company to expand their business and the market strategies in the organization for the development of the company. The high and the correlation point to the strong relationship and the development of the strong relationship between the two metrics and there is a chance of the low level of the correlation identifying the benefits of the koho’s organization in the market (Pearce, et al., 2019).

  Total all ages 4 25 to 34 years 4 45 to 54 years 4 Total all ages 4 25 to 34 years 4 45 to 54 years 4
Total all ages 4 1
25 to 34 years 4 -0.29578 1
45 to 54 years 4 0.627967 0.273806 1
Total all ages 4 0.927257 -0.55918 0.349709 1
25 to 34 years 4 0.947681 -0.54887 0.4031 0.995426 1
45 to 54 years 4 -0.92257 0.464244 -0.33656 -0.91322 -0.93022 1

 

Average

Koho’s is a company that has been the partner of the fintech company and they have been expanding the number of leading investors and advisors from around the world because of this they have been believed in the work progress and they allowing also, inviting the stakeholders of the companies to get the amount of the investment and increase the investment and the funding amount for the better development (Schmidt, et al., 2018).

Regression model

SUMMARY OUTPUT
Regression Statistics
Multiple R 0.920068
R Square 0.846524
Adjusted R Square 0.829471
Standard Error 15639.92
Observations 11
ANOVA
  df SS MS F Significance F
Regression 1 1.21E+10 1.21E+10 49.64119 6.01E-05
Residual 9 2.2E+09 2.45E+08
Total 10 1.43E+10
  Coefficients Standard Error t Stat P-value Lower 95% Upper 95% Lower 95.0% Upper 95.0%
Intercept 934844.6 70160.05 13.32446 3.14E-07 776131.5 1093558 776131.5 1093558
5330900 0.082413 0.011697 7.04565 6.01E-05 0.055953 0.108873 0.055953 0.108873

This defines the difference between both the families and their outputs also, the age limits and the gender instruction for the better development of the infotech and the KOHO organization in the info technology market.

Conclusion

Based on the details and the report that is mentioned above and explain the importance of the FinTech technology in the market and they have been changing the working environment and the way of thinking for the new working policy and the innovation in the market that has been changing the banking sectors and the banking working policy in the Canadian market and the business market of the organization. This is the reason they have been spending the total and the better amount of the valuation and providing the money to the members and the new start-up companies in the Canadian market for better development. This is also, helping the people while saving their extra fees charges and the money also, the amount they have been paying to the bankers to the bank transaction and other facilities for the bank.

 

 

References

Gai, K., Qiu, M., & Sun, X. (2018). A survey on FinTech. Journal of Network and Computer Applications103, 262-273.

Goldstein, I., Jiang, W., & Karolyi, G. A. (2019). To FinTech and beyond. The Review of Financial Studies32(5), 1647-1661.

Marr, B. (2017). Data strategy: How to profit from a world of big data, analytics and the internet of things. Kogan Page Publishers.

Pearce, C., McLeod, A., Rinehart, N., Ferrigi, J., & Shearer, M. (2019, August). What a Comprehensive, Integrated Data Strategy Looks Like: The Population Level Analysis and Reporting (POLAR) Program. In MedInfo (pp. 303-307).

Schmidt, J., Drews, P., & Schirmer, I. (2018). Charting the emerging financial services ecosystem of Fintechs and banks: Six types of data-driven business models in the Fintech sector.

Schueffel, P. (2016). Taming the beast: A scientific definition of fintech. Journal of Innovation Management4(4), 32-54.