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
Making the switch to the Cloud can be one of the most rewarding but also headache-inducing projects for a company. If done correctly, the benefits and opportunities are significant, but if executed badly, fixing the mistakes can be more costly than the entire project. Per CIO, the lack of in-house skills is one of the … Continued
A data governance model is a system that is implemented to control how an organization’s information technology (IT) systems are built, used, and maintained. Its primary objective is to ensure compliance with data policies and rules set by the company, while also improving productivity in line with business goals. Creating a data governance model is … 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
As companies are placing more and more emphasis on data for running the organization, data literacy is gradually becoming an essential skill every employee needs to have. About 90% of business leaders cite data literacy as the key to company success. However, only 25% of employees feel confident in their data skills. In addition, recent … 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
It is a well-known fact that – without data, companies would struggle to remain competitive. And, if you ask company owners if their company is data-driven, the majority will say it is. However, many of them fail to realize that, even though their companies collect immense amounts of data, they probably struggle to derive genuine … Continued
Nowadays, people in all industries recognize the immense value of data. Doctors, educators, business owners are all relying on data to make good decisions. It makes perfect sense; making decisions when strongly informed by data is inevitably going to improve the outcomes of our actions. But is it possible that data can sometimes lead us … Continued
The power of data is immense. It can help companies discover unique opportunities for growth in new markets. With the help of data, organizations can gain a competitive edge by supporting a positive and more personalized customer experience. Moreover, incorporating data analytics into a business is likely to open up even more possibilities for a … Continued
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