Big data: it sounds like a lot of information – and it is. An awful lot of data flows into businesses each and every day, and until recently, an awful lot of it was not useful.
We all perceive the world a little differently, but many people learn best through visual methods. Its important to cater for a wide range of learning styles, and visual learning is a safe bet. While data and figures can come as second nature to some, seeing them presented visually lets everyone understand your message fast.
Getting outside help with ‘business intelligence’ doesn’t mean you’re not already running your business intelligently. But just as a carpenter will not craft a beautiful piece of furniture without great tools, business intelligence tools are the way to take all of that data that’s flowing over your desk and turn it into a range of benefits.
when it comes to your company, big or small, is skipping this sort of consultancy on the vital issues of budgeting, planning, forecasting and everything else to do with the financial health and success of your business really something you can leave to chance?
While the cost–benefit ratio has shifted over time as the internet has evolved, it is always advisable to stay abreast of cloud-based trends. If your company has aspirations of rapid expansion, putting a plan in place to move towards on-site solutions is usually a good idea.
The emerging market of cloud Business Intelligence (BI) has its roots in a long history of Software as a Service (SaaS). Since its inception, this new take on the familiar routine has been surrounded by questions concerning whether the leap will provide the kind of returns CEOs are looking for.
Recession, of course, is nothing short of devastating. We’re talking unemployment, skyrocketing interest rates, businesses failing left right and centre and individuals filing for bankruptcy.
There is no one simple way of measuring a company’s financial health and whole industries have been built around determining if a business will succeed or fail. While financial analysis is incredibly complex, there are some key indicators to measure financial health.
Organizations that suffer from this disjointed arrangement are then slow to react to what may be rapidly evolving market conditions – the ultimate upshot of which is, at best, stunted business growth or, at worst, a potential for disaster.
Being presented with a new business intelligence problem can be overwhelming. If you didn’t collect the data yourself, no doubt there is someone else who is proud of what has been pulled together and has high expectations for its use.