Human beings have looked at data to help boost business since the beginning of time. Go back to the Roman times about 2,000 years ago wherein a merchant may have noticed that on the days wherein he puts a canopy over his wagon to serve as a shield from the […]
Benjamin Goewey
49 posts
The definition of predictive analytics is the usage of statistical algorithms, machine-learning techniques and data in order to identify the probability of future results based on past or historical data. The goal here is to go past simple statistics and reports on past data to supplying the best evaluation on […]
There is an increasing number of organizations that are seeing the advantages of using relevant data in order to push their businesses to the top. A study dubbed The Data Directive done by the Economist Intelligence Unit has shown that there is a link between the use of quality data […]
Every business owner knows that majority of the market is headed online. That is why websites are created in order to attract customers with solutions that could help solve their problems. Chances are, if you have a business, you have a website. But how do you know if your website […]
Every business has to make business decisions. Some, like operational decisions, are made daily, while others, like strategic decisions, have to be made from time to time. In order to make a good business decision, it is important that the management relies on actual data and not only on assumptions. […]
Business Intelligence is no doubt one of the most used buzzwords in the modern business landscape. Newer BI models are easier to use, have simpler interfaces and can be operated and understood even by the most technologically-adverse team member in a company. Given the accessibility of today’s BI software, the […]
At its’ most basic, the series of activities or processes that are used to observe a company’s short and long term financial results are filed under financial performance management. Although this phrase is mostly used in investment management, it can also be used in business functions. The basic […]
Data mining entails finding anomalies, correlations, and patterns within large data groups to predict outcomes. By using a wide range of techniques, analysts can effortlessly use this information to reduce risks, improve customer relationships, cut costs, increase revenues and so much more. You can conduct different types of analyses in […]
If you want to get ahead of the competition, resorting to a business analytics tool to get a comprehensive review of your data could be your best option. Watson Analytics, IBM’s latest cloud analytics program, provides you ways to make business decisions better than ever. According to their product […]
The self-service business intelligence approach allows users to make analytical queries and personalized reports on their own, without having to utilize IT manpower. This frees up the IT staff to concentrate on other business tasks—making the set-up beneficial for both parties. Self-service business intelligence, often shortened to SSBI, is […]