In business, making good decisions is a must. You have to manage risk well. Today’s business is using analytics to drive decision making, and therefore needs to design and implement platforms that make this possible. If a business doesn’t properly set up their analytics or intelligence systems, their decisions may not be made with a useful perspective. Let’s take a look at these systems to see if you may be being fooled by your own numbers.
Today’s business has to be concerned about more variables than ever. Companies that depend on their supply chain, and those that distribute goods, need to be able to rely on their management to coordinate efficient and effective business. In the past, business moved slower, and the management of a supply chain was done by a department of people. Today, the process is significantly more streamlined. Today, we’ll take a look at contemporary supply chain management and how thorough logistics can be a real difference maker.
When you’re making important decisions for your business, you need solid data to back them up. Through the use of business analytics, you can take advantage of your quantifiable data to find the right decisions for your business. We’ll discuss the process of using business analytics and how it can be used to your business’ advantage.
Data is one of the things in business that you collect naturally and can benefit from, but do you have a system in place that lets you collect and store it for future use? Considering how vital data collection is to the success of any organization, it’s reasonable to suggest that data storage can be a valuable investment for your business’s long-term futures and goals.
Your business’s IT strategy is of incredible importance, especially when you consider how much your operations stand to benefit from a functional infrastructure. More than anything, though, IT can ensure that your business remains competitive in a world where the slightest advantage can mean all the difference.
There’s no question that mobile devices have changed the way society works on a fundamental level. It’s hard to imagine even leaving the house without your trusty smartphone by your side. The iPhone was once advertised as “life in your pocket,” and this phrase has proven to be entirely too true. Eight years following the introduction of these devices, businesses have grown reliant on this type of mobile technology to stay relevant in their chosen industry.
Big data analytics are changing the way that businesses handle their marketing endeavors. You might even have a data collection strategy yourself that’s helped you make changes to your business model. However, do you understand why these changes are being made?
Big data analytics are incredibly important to the average modern business owner, especially when considering how competitive your industry is. You want to get every edge you possibly can. A good business is a growing business, and yours can’t grow without analyzing trends in your industry. This is how big data helps just about any ordinary business become extraordinary.
Microsoft’s Internet Explorer is one of the most widely used web browsers, despite the fact that it has a tendency to crash from time to time. In order to improve the product and prevent future bugs, glitches, and crashes, IE creates an error report after every crash. Most of these reports go unsent, or so Microsoft thought.
Whether the world is ready for it or not, the Internet of Things (IoT) is on its way. As such, there is a lot of controversy about what actually constitutes the Internet of Things. Infoworld argues that a lot of what the public claims to be part of the IoT, is actually not a part of it, and that we need a more substantial definition for this oncoming phenomenon.
Does your business know how much of its data is valuable and used? According to IDG Research Services, not much of it is really used for anything. Only about 28 percent has any real value to it. This means that the majority of your stored and maintained data is going unused and taking up space and resources. This information is called "dark data."
