Category: Blog
Our team of experts explores interesting topics relating to data analytics, industry news, and more!
post: How Much Did I Sell Last Month?
Reporting periods in accounting can be distinctly complicated and are typically left to accountants to handle. For example, Balance Sheets are a snapshot at a point in time, usually the end of a month, quarter, or year while an Income Statement is the reporting over some time, such as the “month of” or “last year.” […]
post: The Power of Predictive Analytics: Is it always enough?
Many expected an Alabama victory in the College Football Championship Game on Monday, but the 52-24 blowout win we witnessed over Ohio State was more decisive than any sportsbook had predicted. Personally, I was securely in the camp of believers who expected a close game, perhaps even an upset. Pre-game betting lines expected Nick Saban’s […]
post: Descriptive, Predictive, Prescriptive…Oh my!
If you search for the definition of analytics, it comes out something like this…Analytics is the systematic computational analysis of data or statistics. Let’s add to that… which is used to interpret and/or communicate patterns in data. There, that makes it much clearer. Doesn’t it? Analytics turns patterns and data into information that can be […]
post: Schedule Classifications and the MORE Act
In 1970, the Controlled Substances Act established U.S. Federal drug policy to regulate the manufacture, import, possession, use, and distribution of certain substances. The Act created five classifications that substances would fall under based on their potential for abuse and perceived medical use. A Schedule 1 classification is the most restrictive category, containing drugs the […]
post: Big Data, Dialed In
Big data is only as powerful as the insights that can be extrapolated from it. That’s why, here at NCS Analytics, we are always busy making sure that the alerts we deliver to our clients are as accurate and meaningful as possible. Millions of data points are distilled down into the processes which create every […]
post: The Value of Agile Development
The NCS team is dedicated to consistently bringing our clients new, exciting enhancements and features to the NCS Platform. Researching new analytic measures and adding new reporting features requires coordination across the whole company. NCS Analytics has adopted an agile development process that integrates everyone from the executive team to the data analysts. Agile development […]
post: Taming the Data Monster
It starts out as a trickle…information that you need to collect about your clients, constituents, applicants, or others. It may be for regulatory purposes, for reporting purposes, for review and approval purposes. It starts to grow as there are more and more sources…as policies change, as markets expand, as new information is required to keep […]
post: The Burden of Data
Every day, new data is coming in from MRBs. Nearly every day, we get a question or complaint about the data being requested. The complaints range from “this is too much of a burden” to “this is proprietary data we don’t want to share.” We at NCS have done our best to collect the smallest […]
post: Analytics Spotlight: Package Quantity
Package Quantity alerts occur and display in the NCS Platform when, according to the data source, an inventory package has a negative remaining quantity. For example, a package of gummy bears initially started with 100, has been sold from, and now reportedly has -10 left (meaning 110 total were sold). How is that possible, you […]
post: Environmental Impact on Outdoor Grow Operations
Skys throughout the West Coast have been filled with smoke the past several weeks and months. At the height of the smoke, the sun was nearly completely blocked out in parts of the country. For cannabis cultivators with outdoor grow operations, this could mean significant changes in their product and process for their current and […]