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. […]
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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 […]
If we were to define “ad hoc” straight from the Merriam-Webster Dictionary, it would yield, “for the particular case at hand without consideration of wider application.” The goal of an ad hoc analysis is to close in the gaps that may have been left by a business’ regular reporting. In […]
Analysis is an integral part of any successful business. This has always been a requirement even before the advent of analytics tools. Now that a large portion of analytic activities of companies can be digitized, more businesses are adapting business analytics tools to their systems. These tools help them perform […]
Enhancing product value for total customer satisfaction is every company’s end goal. Target markets of different industries are dynamic with their needs often changing according to society’s standards, issues, and fads. Knowing this, it is necessary to pull ahead of the competition through unique innovation of ideas and products which […]
In the past, business intelligence tools were largely used only by bigger companies to help them get a clear view of what is going on in their target market. Decision makers have always been on the lookout for data that can speed up their business since the beginning of time, […]
The merging of technology and business for the sake of greater revenue and more effective sales has become a mainstream business technique. In the past, incorporating technology with business was considered a cutting-edge move, with only a few having the means to pursue it. Today, it is a requirement if […]