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...
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...
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...
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...
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,...
Owning a business is hard work, there’s no way to get around that. That’s just the truth of it. You learn so much about owning a business in the first few years, but you never really stop learning and growing as you own a business. Eventually, you’ll look back at the person you were,...
We all know that scaling your business and achieving the growth that you desire can be much easier said than done. When you’re just starting out, you’ll find yourself wearing many hats. Managing the marketing, SEO, and sales, all at once. If you’re struggling to see the light at the end of the tunnel...
Managing your employees is a job in and of itself. At first glance, it seems easy to put a price on each member of your workforce and what they contribute to your company. After all, shouldn’t it be equivalent to their salary? But the truth is that the true contribution of most employees isn’t...
Data monetization is far from a new concept, however, you may be surprised to know that not every company is properly using their data to create the tactical strategies that can make any business run smoother. It’s important to look first at why data monetization is vital to any business, regardless of size.
