SEPTEMBER 2022: PEOPLE OF HICO – MARIUS VOGEL, BI CONSULTANT

The HICO Group family is constantly growing, and from each of our colleagues, we learn something new. We are facing new challenges daily in our jobs, and they prepare us for more complex situations.As Marius says: “We do not grow when things are easy, we grow when we face challenges.“ And we could not agree … Continued

How to Develop a Top-Notch Business Intelligence (BI) Strategy

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

Data in Spreadsheets: How Risky Is It in 2023?

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

5 Common Traits of Highly Successful Business Intelligence Teams

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

Business Intelligence Consultants: What Do They Do?

A Business Intelligence Consultant, also known as a BI Consultant, is in charge of enhancing a company’s internal operations through consulting and data-related activities to gain a competitive advantage. Those activities might be related to data analytics, planning, warehousing, etc. But, what exactly does a BI Consultant do, and what are some of the day-to-day … Continued

5 Perspectives of Data Analytics by Today’s Business Leaders

For a lot of businesses today, data analytics represents just a collection of plain numbers that don’t make much sense. For others, is a vital tool used to improve business operations, services, and performance. Data analytics has numerous benefits and purposes for any sized business. Looking at the situation from an idealistic perspective, analytics should … Continued

Data Reporting vs. Data Analytics: What’s the Difference?

When talking about data, two terms are frequently mentioned – data reporting and data analytics. Even though many people use these terms as if they are interchangeable, they are actually quite different. In general, both reporting and analytics draw upon the same data. However, what makes the two distinct is their purpose, tasks, outputs, delivery, … Continued

Data Storytelling vs. Data Analytics: Are They the Same?

Back in 2009, Google’s Chief Economist Dr. Hal R.Varian stated, “The ability to take data – to be able to understand it, to process it, to extract value from it, to visualize it, to communicate it – that’s going to be a hugely important skill in the next decades.” Now, in 2021, every successful business … Continued

Why Do We Need This? We Already Have Excel!

When equipped with accurate data, companies are able to make proper, evidence-based decisions, analyze their customer behavior, and predict possible outcomes in the future. The only problem with data? There is a lot of it. According to HubSpot’s 2016 Data & Analytics Survey, an average company manages 162.9TB of data. On the other hand, an … Continued

How a Cloud Data Warehouse Helps to Level Up Your Analytics

Gone are the days where companies made decisions based on a managers’ whim. Nowadays, more and more businesses rely on data to make well-informed decisions. Having insights in data is helpful in all departments of a company – marketing, sales, support, product development, and delivery. However, before companies can use the data, they must find … Continued

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