Benefits of data warehouses for business

Benefits of data warehouses for business

In today’s competitive business environment, large companies have operations in many places within their home country and other parts of the world. Each of their branch offices may generate huge volumes of data on a daily basis, and corporate decision makers require access to those data sources.

Knowing the basics of Business Intelligence

Knowing the basics of Business Intelligence

If your business is not already using business intelligence systems, you are at a distinct disadvantage against the competition, and are failing to maximize a truly valuable opportunity to understand your position in the market. Business intelligence takes raw business data and converts it into insights that you can not only understand, but which offer a valuable view of your company’s current standing, where it’s headed and what you need to do to get there.

How small businesses can benefit from BI

How small businesses can benefit from BI

Business intelligence, or BI, is a common term in the business world today. It combines and analyzes data to help business owners make important decisions and strategies. Business intelligence was only used by large enterprises until very recently but technology has evolved rapidly, and BI’s costs have dropped dramatically, making it affordable for small businesses.

Latest BI technologies for businesses

Latest BI technologies for businesses

In today’s technological landscape, companies increasingly rely on sophisticated business intelligence tools to help them to make better and more strategic business decisions. Applying the best technology to your practices can give you an edge over your competitors and increase the thing that matters to your business most – productivity.

Microsoft’s Power BI is now free

Microsoft’s Power BI is now free

We’re all familiar with Excel. It’s safe to say that it’s a great tool for tracking data. But what if there was a way to keep track of information from not only Excel, but a multitude of frequently used applications and services? And what if you could find this information by typing a simple phrase such as, “sales for [new product name here] 2014”? Microsoft has made this possibility a reality.

Common sales metrics to track

Common sales metrics to track

Business intelligence, and more specifically the metrics that support it, is among one of the most important processes a company can integrate. While it can be tough to get started, many companies find success to begin with by tracking overall sales metrics.

Small business gamification

Small business gamification

For many businesses it is important that there is steady and productive interaction with clients and that they can capture important data from these interactions. While there are many ways to achieve both these objectives, there is one way that is gaining traction with many companies, especially those who want to capture better data: gamification.

Components of predictive analytics

Components of predictive analytics

When it comes to the success of your business, you likely rely, at least in part, on predictions made off of existing data. While simple forecasts are easy enough, it can be more difficult to set down long-term theories about what the future may or may not entail.

Do you need a data warehouse?

Do you need a data warehouse?

Data is an integral component to any business. Without it we would not be able to make decisions, develop marketing campaigns, or even operate. The issue many businesses face however is that the amount of data they generate and capture is increasing exponentially and it can be a challenge to collect and leverage it.

Better data collection

Better data collection

As businesses continue to become increasingly networked, there is an exponentially increasing amount of data being made available to them. While this data can be really useful, a lot of it can also be less so, or even useless. However, you are going to continue to collect data, and in order not to be overwhelmed with the sheer volume you should have a well defined data collection system in place.