AST August 2019 Magazine AST August 2019 Magazine | Page 24

Data analytics www.AmericanSecurityToday.com and business in- telligence can equip security companies to gain an advan- tage over their competitors, en- hance service delivery, miti- gate risks, and boost their rep- utation in the marketplace; to not use them is to risk these four outcomes: August 2019 - Edition 36 fering the best price to your clients. 1. Misallocation of Re- Data analytics and business sources intelligence can ensure fewer resources are wasted and valu- The security market is tight, able personnel hours are spent with many companies compet- doing the most critical work. ing for the same contracts. Having access to accurate and Efficiency is key to making the timely data can tell you if most of slim margins and of- your processes are work- 22