Business intelligence is a collective term used to describe processes, technologies, and strategies for gathering, analyzing, and presenting business information. Business intelligence aims to improve an organization’s decision-making process by acting as an aid in areas such as planning, forecasting, budgeting, target tracking, optimization, sales analysis, etc. There are four key components to BI systems: … Continued
Using spreadsheets in a business environment is a common practice nowadays. It has been for decades now. Companies are just “used to” using spreadsheets to store, manage, and work with important data. Increasingly, businesses and individuals also use spreadsheets to store all manner of sensitive information such as passwords and bank account details. However, there … Continued
The world of data is constantly evolving, and in 2022, we can expect to see some interesting trends in data analytics, data management, and all that follows. What roles will data play next year? And, what should you do to set up your company for success? Here are just a few of the emerging data … Continued
Business intelligence (BI) teams have become increasingly important in mid-to-large organizations over the past decade. BI teams are responsible for analyzing data to help make better business decisions. As such, they need to be highly successful for organizations to achieve their goals. Importance of BI Teams in an Organization In order to make decisions, organizations … Continued
Every company strives to provide products and services to customers in a timely and effective manner. Today, big-data-driven insights are responsible for much of that speed and efficiency. However, many of those companies continue to struggle with appropriately acquiring and analyzing their data, making data management a stumbling block. In this article, we explore the … Continued
Every business should consider data as one of the most valuable corporate assets. Improved business decisions. Marketing campaigns. Operational efficiency. Cost savings. All with the goal of increasing revenue and profits. When it comes to data usage, smaller businesses frequently rely on reports generated within the individual software platforms they use for day-to-day operations. However, … Continued
Why KPIs Matter Each business must establish specific objectives and determine the most effective method for tracking progress toward achieving them. Revenue and profit reports provide a snapshot of your business, but they do not indicate where and how performance can be improved. Key performance indicators (KPIs) are used to assess an organization’s performance against … Continued
The COVID-19 crisis has globally changed the way businesses across sectors conduct business. During the pandemic, consumers shifted dramatically toward online channels, and companies were forced to respond to that change. To remain competitive in this new business and economic environment, many companies were forced to embrace digital transformation and completely reinvent their business strategies. … Continued
Financial analysis is inevitable for assessing a company’s performance and making recommendations about how it can improve going forward. In addition to financial analysis, companies also rely on consolidation and forecasting for a detailed overview of their business performance. This article will cover the basics of financial analysis, consolidation, and forecasting to present the vital … Continued
Working while being a Master’s student can be a daunting task, albeit perfect for the multitasking brain. Add remote work to the mix and you’ve got yourself a combination that puts effort, productivity, and results at the top of the key. One such fine example of young wits and fortitude to do the most in … Continued
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