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. […]
Business Intelligence
14 posts
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 […]
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 […]
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 […]
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, […]
In the dawn of growing business intelligence, many companies succeed in planning and management with the help of automated and organized data gathering. Successful companies that have integrated BI software to help them become the gigantic businesses they are today include T.G.I Fridays, Wendy’s, and Rudy’s. Yes, BI software is […]