Data analytics can be a powerful tool for transforming your business and driving growth. By harnessing data insights, organizations can gain a deeper understanding of their operations, identify key performance indicators, and make data-driven decisions. In this article, we’ll explore seven ways that you can use data analytics to transform your business. Understanding the Power … Continued
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
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
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
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
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
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
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
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
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