You need to know these BI terms

You need to know these BI terms

Are you thinking of making the move from simple Excel data extraction to more sophisticated business intelligence tools? It’s an essential step for any company looking to up the ante and gain real insights into business performance as of today, and to compare that to your company’s direction in order to understand what’s needed to get there.

Implementing BI for small businesses

Implementing BI for small businesses

Companies are using business intelligence tools to assist in their business operations. Whether it’s collecting, analyzing or virtualizing data, or creating reports, business intelligence systems can do all this and much more. They also allow companies to make strategic business decisions to increase efficiency at an affordable price.

3 new business intelligence tools

3 new business intelligence tools

Technology is having an enormous impact on business. No matter what industry you work in, it is important to implement the right tools to support your business strategy and growth. But in this ever-changing world, technology is always on the move. That’s why a business owner like you should always be on the lookout for new technology trends to adapt to your needs.

5 Common sales metrics

5 Common sales metrics

Often, when companies look to integrate business intelligence processes the first department that systems are applied to is sales. By employing metrics that track sales activity and any sales-related activity, business owners can gain a better picture of overall success.

3 Parts of predictive analytics

3 Parts of predictive analytics

Predictive analytics has long been employed by large-scale businesses to help make decisions and long-term business predictions. Now, small to medium businesses are starting to integrate these methods in larger numbers. A common stumbling block for many managers and owners however is that this can be a highly overwhelming concept.

6 tips to better data collection

6 tips to better data collection

Take a step back and think about the data available to your business. Chances are it has grown exponentially, and will likely continue to do so into the future. While this can be useful as more data equals a better, clearer picture of what is going on in your business, there is still a large amount of data that is useless.

Boost business intelligence value

Boost business intelligence value

Most businesses are continuously looking for ways to improve visibility, efficiency, and gain valuable insights into consumer behavior. By utilizing your company’s business intelligence (BI) system, you can achieve all this and more. Many companies spend anywhere between USD $100 thousand and $1 million for their BI system but fail to make proper use of it.