If you’re like me or anybody else who travels frequently (or perhaps just lives in a particularly large city), you’ve probably become familiar with yelp, foursquare, or any of a number of different sites and apps designed to help you find somewhere to eat or other goods and services in […]
Business Analytics
25 posts
If you have years worth of sales data, you can use that data, with the help of Excel, to predict upcoming trends and help you plan for your business. Forecasts can help you with important business decisions, such as managing staff and inventory, planning budgets, and predicting cash flow issues. […]
It goes without saying that a business can’t operate without a solid budget; the budget sets clear goals of income and expenditure for the entire body of the business, from top to bottom. There are many factors that go into determining your budget cycle length and the frequency of creating […]
IBM Watson, who is not, apparently, satisfied with its win on Jeopardy, is searching for a job. After a great deal of buildup, the natural language business intelligence tool Watson Analytics, which is rooted on the famed AI of Big Blue, is finally available in beta freemium version. It is […]
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 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. […]
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 […]
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 […]