The modern business creates and deals with a lot of data, and has for some time. For most of that time, this data has just been ignored, but recent developments in analytics and business intelligence has made this data extremely valuable. In order for your analysts to make accurate determinations they’ll need access to a wide variety of data from a myriad of sources. This is where data warehousing comes in.
How do you look at your organization’s data? The answer will likely be the same as how you look at your organization. The businesses that do more to use their data to improve their business’ process, policies, and strategies, are the businesses that, by-in-large, are the ones that grow more rapidly and see more operational efficiency. This month, we thought we would look at four ways your business can use their data to actively improve its operations.
You may have noticed that there has been a lot of discussion about data recently; specifically, how it has become a driving force in organizational decision making. This month we will take a look at the data revolution, how the data (created by the analysis of other data) has become a commodity, and what is the real value of an individual’s data.
2017 saw the rise of many great technology solutions for small business, including an explosion of popularity in business intelligence, artificial intelligence applications, and machine learning. Meanwhile, other established technologies have continued their domination of the industry. What can your organization look forward to seeing on the forefront of the small business technology race in 2018?
Efficiency is the foundation for every successful business. In fact, many would argue that efficient business is the only good business. Those sentiments haven’t always been the prevailing opinion, but as costs continue to rise for the business owner, finding ways to mitigate revenue losses is paramount to sustaining any semblance of a successful business. Because so many people depend on the average business, it has become essential for businesses to work diligently to enter the information age. It can be perceived as a negative by the people you depend on. How can you make BI work for your business without alienating your staff?