BIS Data Analysis: Comparing South East and North West Regions
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This document provides an analysis comparing the South East and North West regions based on various aspects such as nature of business, firm trading and ownership, survival concerns, role of information, and more. It also includes interesting key findings and recommendations for further support.
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BIS Data Analysis Report and Excel File
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Contents Contents...........................................................................................................................................2 INTRODUCTION...........................................................................................................................3 TASK...............................................................................................................................................3 Compare the South East region with the North West region:.....................................................3 CONCLUSION................................................................................................................................8 REFERENCES................................................................................................................................9
INTRODUCTION The analysis of data is a method for review, purification, transformation and simulation of data in order to identify valuable details, notify assumptions and facilitate decision taking. The empirical data contains various dimensions and methods, including a broad range of strategies and being used in numerous areas of business, sciences and social sciences. Data analysis plays a role in taking more scientific decisions and helping companies to operate more efficiently in the business world of today. On the behalf of analysed data set, companies take crucial decisions for further time period (Allen, Bean and De Gregorio, 2016). The covers detailed information about various aspects such as analysis of data that is processed under excel sheet by using different functions like PIVOT table, sorting and many more. Along with visual examination of data is also done by help of various kinds of charts. TASK Compare the South East region with the North West region: a. Analysis: Data analysis plays a role in taking more scientific decisions and helping companies to operate more efficiently in the business world of today. Data are collected in conjunction with the work from different sources. After data are gathered, a hypothesis or other form of result will be reviewed and evaluated. Data analyses play an essential role as far as company is concerned as choices entail such uncertainties or ambiguity. To order to curiously analyse every aspect of the data gathered and presented, data analysis ismethod of analysing evidence based on rational and empirical reasoning.The data collected and afterwards reviewed additional assistance decision makers reduce the risk of a specific decision. In this regard following is comparative analysis ofSouth East region with the North West region based on the data provided, as follows: In terms of natureof business- Under south east region, most of the people prefer to micro business under that 5 to 9 employees work. While in the North West region, there is medium business whose employee strength is of 20 to 49 employees. It is showing that both regions have different types of businesses. In comparative manner this can be stated that under North West region, companies are big and have a greater number of staff in their businesses. On the other hands, in south east region most of the companies are small that have limited strength of staff members (Bentley, Mullen. and Wilson, Bentley Systems, 2019).
In terms of firm trading and ownership- Under south east region, business is trading for 2 years but less than to 3 years. On the other hands in the North West region most of the business entities are trading for 5 years but less then to 6 years. This is showing that in North West region, firms have more time period for trading and ownership (Mi, H and et.al., 2017). In terms of extent to which surviving has been a significant concern for business – In the south east region, surviving for businesses is not very significant. While in North West region, it is significant and companies can survive easily. It is indicating that both regions companies consider survival in a distinct manner. As under south east region companies do not consider that survival for their business is necessary. On the other hands, under North West this is essential for their companies that survival is a key aspect for their companies. Role of received information for need of business- In the aspect of south east region, the gathered information is useful for companies in order to raise funds in an effective manner from various kinds of sources. While in the North West region, information is useful to deal with different regulations, taxation. It is indicating that for both regions, role of information is different because under south west regions, companies just want to use the information for raising funds that is not a huge task. While in the North West region, companies want to use this information to understand about how to cope up or deal with regulations and taxation that are regulated by government of different regions (Wang, Palavicini, Cseresznye and Han, 2017). Types of organization that supplied the information- In the aspect of south east region, the needed information is provided by solicitor businesses. On the other hands, in the North West region information is provided enterprise agencies. It is showing that under both regions, information is provided by different companies. In the south east regions, information is provided by solicitor business that has traditionally been involved in most legal issues in certain jurisdictions. An individual must be legal-defined to be recognized as a lawyer to be eligible to practice as such in various jurisdictions. On the other hands, in the North West, enterprise agencies provided key information to companies who involved in different tasks. Company who approach first- In the aspect of south east region, the company that approached first is solicitor businesses. On the other hands, in the North West region, enterprise agencies approached first to provide needed information. Is information lead the business for success or better than it- In the aspect of south east region, the provided information by organizations do not make any huge difference in the performance
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of their operations. While in the North West region, firms do not know about impact of information of their performance. It is showing that companies of both regions considered provided information in a different manner. Such as in the south east region, the information is not used in an effective manner and due to which it did not help them. On the other side, in the North West companies use the information that helped them in a significant manner. Reason for which information is not considered- In the aspect of south east region, this was difficult for businesses to find out appropriate assistance. On the other hands, in the North West region the obtaining assistance was too expensive due to which companies do not acquired the information for consideration inside the functions. In both regions, information is not considered due to different reasons such as in the south east region, they find issues to get assistance from which information can be derived. While in the companies of North West, they did not consider to information because of higher expense (Meule, Michalek, Friederich and Brockmeyer, 2020). Payment to advisor as per hour- In the south east region, most of the companies want to pay amount between 26 pounds to 50 pounds to the advisor for one hour. While in the North West region, firms do not have any idea about how much they should make payment to the advisor for the time which they invest in company for providing key information. Objective of business in last three years- The main objective of companies in south east region to make plan for business closure. While in the North West region, the key objective of business entities to provide better quality of goods and services to the customers. This is showing that in the south east region, companies do not want to continue their business due to external factors. While in the North West region, companies want to gain higher profitability by providing best quality of products and services. Approx. turnover of business in last financial year- In the last year turnover of south east companies was around 100000 pounds to 249999 pounds. On the other hands, in the North West region the turnover of companies was of 1 million pounds to 1.49 million pounds. This is indicating that in the south east region, business entities are unable to generate higher volume of profitability in the last financial year. While in the North West region, companies are able to produce higher amount of profit that is in millions. This situation can be because of their working conditions or external factors that have a significant impact on companies’ performance. Age group of customers in different regions- In the south east region, the age of most of customers is around 25 to 34 years. This is showing that under this region most of the customers
are of young age. On the other hands, under North West region the age group of most of the customers is around 55 years to 64 years. This is indicating that under North West region, majority of customers are of old age. Basically, it is the reason for which companies under this region are more successful and generating higher amount of revenues as compared to companies located in the south east region (Haley and Klingberg, Emeramed, 2017). Urban and rural breakdown- In the south east region, most of area is covered under village and sparse. While in the North West region, majority of area covered as towns, fringe and less sparse. This is indicating that in the North West region, the area is developed and more scope for companies. (b). Interesting Key Findings: The UK was controlled by London andSouth East. as per analysisProduction inSouth East was high, but comparatively small compared to other sectors. The distinctive characteristic ofSouth- Eastistheirhealthcare,bankingandmaritimeservicessectors.Administrativepolicy departments in London are focused. The offices of companies are often usually in London. During the recent slowdown and fall in exports arising fromgovernment's anti-inflation policies, leading tolower relative value of produce to the Southern East economy. The Kingdom First country to develop national policy. Federal policy. Urban development projects in the poorest communitieswereintroduced.RegionalpoliticsintheUnitedKingdom.Itwasgeared towardseconomically disadvantaged regions by steering job development away fromLondon. Thatdidn'talwayssucceed.NorthWesteconomydevelopedinIndustrialRevolution. Population of development rose oneconomic basis. The North-West region's number is just the second behindSouth East ofUK. Yet conventional industrial sectors do not survive inface of global competition. The depletion has been caused by pesticides, cars, constructing houses, machinery, textiles and clothes. As a result, immigration rate has recently occurred outside the country. As stated in given excel variable values of South east and south west is 2 and 3 respectively (Siglinskys and et.al., 2018). Here interesting fact is that response of question three shows that in south east, bank, workshop or seminar, border agency, Business Link (telephone, face to face, workshop/ seminar), Business Link website, Business membership organisation, Buyer or Supplier of products and services, Chamber of Commerce, DCI, Formal business networking group, Government organisations /websites, Solicitor and Management / Business Consultant are responded positively to the question that Since business has been founded /
Overlast three years, private sector organizations or experts have used your company support or guidance to get strategic guidance to help them transformbusiness. While in case of south west, in Developing IT systems or the company website, Developing or introducing new products, servicesorprocesses,enteringnewexportmarkets,managingcashflow,raisingfinance, Recruiting or developing staff, Sales and Marketing areas they response to the above same question is yes. Moreover, for the question of will you categorize your organisation primarily for profit-making, as a charitable or private sector agency, or as a government-funded body, the response of targeted audience is also interesting as the in case of south east, workshop or seminar, bank, Border Agency, chambers of commerce, Enabled survival of business and SMMT responded yes while in south west, organisations dealing with regulation, tax and compliance issues, IT systems or the company website, introducing new products, services or processes and managing cash flows are responded in yes (Grbich, 2012). (c) Make recommendations about areas which require further support. In accordance of above done analysis, this can be stated that both regions have different types of companies and other perspective. In comparative manner, this can be found out that south east region needs to further support. This is so because in most of the areas they are facing issues. Such as turnover of their companies are less then to companies of North West regions. As well as the majority of area is covered as rural but, in the region, the area is covered in towns ( Schabenberger and Gotway, 2017). In addition to this, companies of both regions have different types of objective such as in the south east companies do not want to continue their business. As well as closure of business is the main objective for them. On the other side, in the North West companies want to continue their business and they want to serve their customers by providing best quality of products and services. So, on the basis of above done analysis, this can be stated that south west region needs to further support so that their business can grow up and they can sustain for long run. Both regions cover a significant area in overall national market. Emphasising towards both the regions can accelerated the growth of UK. Although their working culture, organisations are different but as per analysis in coming year they will achieve growth (Woodward, 2013). Moreover, it is recommended here that in North West Region more efforts are required as the most of the companiesandbusinessorganisationsareofmediumsizeandbelongstoruralareas. Infrastructure development is core need of that region as this can help North West Region in
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developing and achieving the growth in coming years. Position as per above analysis of North East region is much better as there mostly organisations have higher turnover and large number of employees as wells the other related facilities like bank and financial institutions are mover active in such region so it seems that this region is more developed than west. Thus, here it is recommend for north region to explore new business areas and put more efforts towards new research and development to retain present position. CONCLUSION Formtheabovestudyithasbeenarticulatedthatbigdatacanhelpsorganisations, combining data from the business sector, to generate new opportunities for growthsand to develop new classifications of businesses. Such firms have ample knowledge aboutservices and goods that they are able to identify and evaluate, customers and suppliers, customer expectations. A pivot table requiresuser-specified field to transform each column's headers intouser-friendly data alternative. Data columns could be quickly deleted, inserted or relocated acrosstable. User- friendly and insightful descriptions of long existing data tablets can be formed here. Data may be interpreted in various forms including percentages and concentrations.
REFERENCES Books and Journals: Allen, F., Bean, C. and De Gregorio, J., 2016. Independent review of BIS research: Final report.Report, available at www. bis. org. Bentley, K.A., Mullen, C. and Wilson, S.W., Bentley Systems Inc, 2019.Techniques for alignment of source infrastructure data with a bis conceptual schema. U.S. Patent Application 16/156,887. Wang, M., Palavicini, J.P., Cseresznye, A. and Han, X., 2017. Strategy for quantitative analysis of isomeric bis (monoacylglycero) phosphate and phosphatidylglycerol species by shotgun lipidomics after one-step methylation.Analytical chemistry,89(16), pp.8490- 8495. Meule, A., Michalek, S., Friederich, H.C. and Brockmeyer, T., 2020. Confirmatory factor analysis of the Barratt Impulsiveness Scale–short form (BIS–15) in patients with mental disorders.Psychiatry Research,284, p.112665. Haley,B.E.andKlingberg,R.A.T.,EmeramedLtd,2017.N,n-bis-2-mercaptoethyl isophthalamideforthetreatmentofneurodegenerativediseases.U.S.Patent Application 15/313,877. Siglinsky, E., and et.al., 2018. Could bioelectric impedance spectroscopy (BIS) measured appendicular intracellular water serve as a lean mass measurement in sarcopenia definitions? A pilot study.Osteoporosis International,29(7), pp.1653-1657. Grbich, C., 2012.Qualitative data analysis: An introduction. Sage. Schabenberger, O. and Gotway, C.A., 2017.Statistical methods for spatial data analysis. CRC press. Woodward, M., 2013.Epidemiology: study design and data analysis. CRC press. Mi, H and et.al. , 2017. PANTHER version 11: expanded annotation data from Gene Ontology andReactomepathways,anddataanalysistoolenhancements.Nucleicacids research,45(D1), pp.D183-D189.