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Speaker 1: This is Ben. Ben started a store that sells automobile parts like brakes, exhausts, tires, lubricants, and car interiors. He made a good start with his business and achieved profits. However, as days passed by, along with his growing business, he faced some business challenges. He received orders from a variety of customers with different needs and requirements. For example, the northern states had higher demand for performance parts than others, and the eastern states demanded farm truck parts and lubricants more. And apart from this, a few products weren't performing well in the market and remained unsold. With the unbalanced requirements and economy variations, Ben had a tough time helping his customers with products on demand. He slowly realized he needed something new that can help him tackle the store's problems. What if Ben had a tool that could keep track of his store's inventory and sales? A geographical map that can recognize the demand for various types of products from different regions? A forecast feature that could predict the economic fluctuations in the market and help Ben visualize every single detail visually on one single dashboard? This software could practically solve many business problems and also could identify new opportunities to improvise and grow the business. Such types of software tools are called business intelligence tools, and one such tool is Tableau. Tableau was capable of learning the store's business patterns and running queries against the data to help visualize the flaws and resolve them quickly. Now, let us understand how Ben used Tableau and solved the issues related to his business. Ben collected his store's entire sales data from the previous quarter and ingested it into Tableau. Now using Tableau, Ben was able to categorize the data based on monthly sales. It took the daily sales and considered it as the x-axis, and then Tableau computed the sales in the store. Now, Ben clearly understood the products that outperformed the sales charts and the products that did not have much demand. Let us elaborate a little. Ben found that the performance parts like sports exhausts, turbochargers, and engine management systems were selling well. With the Tableau forecast feature, Ben identified the demand for performance products in the next quarter. So, he raised the prices on a few products that had the peak demand and earned higher profits. In the second forecast report, Ben found no significant elevation nor a drop in the demand for the tractor parts and lubricants. Apart from this, Ben saw the sales graphs of electronics encountered a drop in the current quarter. Compared to the previous quarter in the sales of electronics, like the music and infotainment systems, were low. To improvise and stabilize the fluctuating sales of electronics, Ben came up with some exciting clearance sale offers on electronic products. Using Tableau's geographic map feature, Ben understood the product demand at a regional level. He found the northern regions were interested in performance kits for their imported sports cars. The eastern regions had good demand for truck parts and lubricants. Using Tableau, Ben could generate various visualizations based on his data and come up with business-oriented decisions. Last but not least, Ben could also monitor his decisions and was able to make some necessary modifications to his business model on the go. Ben is now delighted as working with Tableau is a smooth and efficient process. Today, Tableau is being recognized as one of the best-in-class business intelligence tools because of its powerful and dependable features. Tableau can support and connect to a wide variety of data sources, like the cloud, DBMS, Excel sheets, and even get connected to real-time data from websites. And Ben keeps his customers happy using Tableau to solve his business problems. On that note, here's a quiz for you. How did Ben realize that the performance parts will find huge demand in the next quarter? 1. Forecast feature of Tableau. 2. Geographical map feature of Tableau. 3. Customer reviews. 4. Sales reports. Let us know your answer in the comments below, and three lucky winners will get a chance to win an Amazon voucher. Today, more and more leading business organizations are leaning towards business intelligence tools, intending to improve their business. Upon quite a success in this business, Ben decided to get a detailed understanding of Tableau by enrolling in SimplyLearn's Tableau training program, which is led by industry experts who can train him according to the current business and IT standards to make his business even more successful. We hope you enjoyed this video. If you did, a thumbs up would be really appreciated. Here's a reminder to subscribe to our channel and click on the bell icon for more on the latest technologies and trends. Thank you for watching and stay tuned for more from SimplyLearn. you
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