Are you in need of a data warehouse?

Are you in need of a data warehouse?

The amount of data both available to, and generated by, a company is increasing exponentially. While some smaller to medium businesses are coping fine with the growth, many are struggling with managing their data, let alone leveraging it to help make better decisions.

How to improve data collection

How to improve data collection

As businesses of all sizes continue to integrate more technology, the amount of data available to companies will grow exponentially. However, not all of that available data will be important or even useful. And, as you collect more and more data, it will be harder to process and analyze it without becoming overwhelmed.

Improving business intelligence value

Improving business intelligence value

Many businesses pay between USD $100 thousand and $1 million for their business intelligence (BI) system. And yet a lot of corporate data isn’t accessed by BI users which raises the question: How important is BI to your business? The simple answer is that it is very important.

Reasons to use predictive analytics

Reasons to use predictive analytics

Growing up we are constantly told that predicting the future is at best mere guess work, and there is no real way to tell what our future may hold. While this may be the case for much of life, in business there are ways to make accurate forecasts. One option at your disposal to be able to do this is predictive analytics.

Misconceptions about BI

Misconceptions about BI

Business Intelligence (BI) is hardly a new concept for small business owners, with a growing percentage of business owners utilizing it in their business. But even so, there are a great many misconceptions that still proliferate about the theories and technology behind it and people often don’t realize how they can benefit from incorporating a little BI into their operations.

3 important data terms you should know

3 important data terms you should know

Business Intelligence (BI) has become an essential function of many businesses. Those who employ some form of BI often see increased sales, or at the very least the ability to make quicker informed decisions more often. When looking into BI solutions however, you will likely come across a number of terms that may be a little confusing.

Define: Business analytics

Define: Business analytics

It seems like over the past five years or so, understanding, processing and leveraging of data has become one of the most important parts of a business. When reading about data you often come across the term ‘business analytics’. Despite this terms common usage many people are confused as to what exactly it is and where exactly it fits into business processes.

Business Intelligence trends for 2014

Business Intelligence trends for 2014

In 2013, Business Intelligence – transforming data into useful information that can be used by managers to make decisions – has become a popular process used by businesses to make better decisions. Because this has become such a popular and important business function, you can bet that you will continue to hear about it in 2014. The only question is what exactly will be the latest developments this year?

Here is an overview of the potential Business Intelligence (BI) trends we could see emerging and growing in 2014.

1. BI is more accessible

Historically, to get the most out of Business Intelligence you need to be experienced or to employ a data scientist.

Business tip: Watch those patterns!

Business tip: Watch those patterns!

Many small businesses, even when they are an established company doing well, can encounter problems and run into a wall, blocking progress. Profits can level off and growth or sales can start to level out. This creates stagnation which can be a difficult challenge to overcome, especially to those who are risk averse.