When you own a business, the most important thing is your revenue. You can’t keep your business running without revenue. Before you start your business, a lot of people assume that your customers will find you on their own, and be interested in buying your product without needing prompting from you. In most cases,...
It may surprise you that a successful executive dashboard initiative is not just about the data. It probably varies some from project to project, but on average success is 50% about the data and KPIs and 50% on the business process you wrap around your executive dashboard. In other words, even if you have...
What Are KPI’s? Anybody who has some experience working in the world of business and entrepreneurship has likely heard of key performance indicators, or KPI’s. In short, a KPI refers to a goal that the company wants to reach and the steps that its employees must take to help the company reach that goal....
Predictive analytics is an incredible tool that can make a huge positive impact on your company. From optimizing marketing campaigns to reducing risks of investments, predictive analytics serves as an invaluable asset to every company that uses it. So far as business tools go, it is relatively new—after all, the technology that is used...
The unified modeling language, otherwise known as UML, is a developmental language in the field of software engineering that is used to provide a standard way to visualize the design of a system. In other words, whenever software engineers are designing software, they start by diagramming the software using diagrams so everybody can see...
There is an incredible amount of data in the world. Data is an invaluable resource that is vital for every company and plays a role in every single aspect of doing business. From optimizing marketing campaigns to knowing how much inventory you should have on hand, data is what empowers businesses to make informed...
What is Data Mining? Data Mining isn’t a term most companies and individuals are unfamiliar with, however, there seems to be a bit of controversy around the term, its meaning, and the process itself. At its core, data mining is a way to explore and analyze data in large quantities to discover patterns and...
In our last blog, we discussed the basics of data mining and its importance to your business. With the science of data becoming a staple in our daily lives and business endeavors, many confusing terms can be thrown around without much explanation of their meaning. Although the term “machine learning” is often used when...
Artificial intelligence, or AI, gets thrown around so much in the business and technology fields, nowadays, that it seems more like a cliche than a usable tool. However, the truth is that AI and machine learning really are changing the field of BI in profound and lasting ways. While AI on its current scale...
Writing a business plan is a daunting, but necessary, task. Doing so can help take your business to new heights, oftentimes by putting yourself in a better position to secure further funding, but also just by making it clear to the entire organizational team what the overall goals are for the company. Here is...
