Numerous companies are in the dark regarding how their business operates. They do have some insights into the performance of their business, but they are still somehow stuck with an idling company wondering where problems lay. Using Key Performance Indicators, or KPIs is the best strategy for measuring the successes and failures of your business. … Continued
The corona crisis will be remembered for many things. But, when it comes to business, 2020 will go down in history as the year when most companies were “forced” to go fully digital. As a result, businesses had to implement various digital technologies to ensure a smooth transition, including solutions for data analytics. Now, new … Continued
When it comes to data reporting, data collaboration, and ‘streamlining’ these processes across an organization, the International Business Communication Standards (IBCS®) are the obvious choice. Not only do they simplify reports for every decision-maker involved but also everyone else in the organization, which is vital for businesses reliant on high standards of communication. For C-Suite … 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
Did you know that about 65% of bad business decisions stem from incorrect or misinterpreted data? To prevent this from happening, more and more companies started implementing data visualization that allows them to have an insight into data relevant to company growth. However, the problem with data visualization is that raw data is presented to … Continued
Most businesses collect raw data, even startups. Only those rare ones actually analyze it to the point where it becomes becomes intelligence and turns into useful information. One challenge though: more data demands more control. Companies often employ entire departments to crunch data, and small startups were unable to do so for a long time … Continued
Nowadays, all businesses collect increasingly more amounts of data. Usually, this data is presented in reports in plain numbers that sometimes don’t provide any value. Or, in contrast, it is presented in flashy, overly designed reports that require an extra amount of effort for clear understanding. The thing about data visualization is: a report that … Continued
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