In this ever metamorphizing technological world driven unanimously by consumer-centric strategies, change is the only constant. Today it has become imperative for companies to be substantially agile and sophisticated; enough to keep up with the pace of changing demands such as a market trend or change in consumer needs. This lays the foundation for predictive […]
What is Augmented Analytics? As its name suggests, augmented analytics is augmenting or supplementing human intelligence and expertise with machine intelligence to facilitate the accelerated and effortless transition of raw enterprise data into valuable insights for agile and astute business actions. Augmented analytics leverages advanced technologies like machine learning and natural language processing to refine […]
In this digital universe, data is undoubtedly ubiquitous and of course overpowering. Current trends of business growth depend on the effective implementation of a business intelligence suite. This in turn depends on leveraging the avalanche of data available, thus encouraging the management to gain insights on the data, perceive on-going processes and strategize ways to […]
Since its inception in the late 40’s, the software has changed from being mere programming systems to platforms hosting a variety of applications. Software is now an essential part of enterprises to streamline various business operations, These include sales and marketing, accounting, customer relationship management, human resource management, etc. Enterprise software applications play a major role in enterprises […]
“You can have data without information, but you cannot have information without data”. The above quote by Daniel Keys Moran, an American computer programmer illustrates the essence of data in this fiercely competitive business world. Whether you want to improve your business performance, increase profits, achieve operational efficiency, or improve your business intelligence, leveraging the […]
The world around us is inundated with tons of data. As per recent research, about 2.5 quintillion bytes of data are produced daily. The evolution of new-age technologies like the internet of things and artificial intelligence can be attributed to this staggering figure. As a matter of fact, with the new age information explosion, the […]
The advent of business intelligence has resulted in an increase in demand for analytical tools. Businesses are no longer content with traditional performance reports. Rather, more elaborative, and self-explanatory analytical tools are required which can effectively extract accountability from strategy and monitor the progress. Dashboards and Scorecards are two such analytical tools that provide you […]
A comprehensive business intelligence project includes everything from gathering information, cleaning data to creating data models, and designing dashboards. Even though a dashboard is the pinnacle of the BI process, its importance cannot be dismissed off. Creating an effective dashboard is not just a creative piece of art to play around. Rather, it should be […]
What is Business Intelligence Business intelligence refers to an umbrella term that covers all features for gathering, sorting, integrating, analyzing, and presenting business information. The goal of a business intelligence tool is to convert information into actionable insights and help businesses make data-driven business decisions. Figure below shows example of a business intelligence tool with […]
While juggling your business activities with meeting consumer demands and complying with regulations, you must have come across technological terms like insights, data, and information. While data is your raw information, insights are often the misunderstood concept. Many organizations actually fail to understand that insight is not a single data point nor an observation nor […]