5 Commonly tracked sales metrics

5 Commonly tracked sales metrics

With the steady increase in the adoption of business intelligence suites and solutions by small to medium businesses, managers and owners have been able to take advantage of better data. One business function that has really benefited is sales. There are so many sales-related metrics to employ, it can be tough to actually pick the ones that work for your business.

Gamification and small businesses

Gamification and small businesses

When it comes to running a business, you likely thrive on customer and employee interaction. If your customers aren’t active, or employees are struggling to interact with each other and customers, you could be facing a downward spiral. One way companies try and reverse this stagnation, while simultaneously gaining important and useful data, is through gamification.

Predictive analytics: 3 Components

Predictive analytics: 3 Components

In business, as in life, we constantly try to make predictions about the future. How will sales be next year if we implement a new procedure? What will the weather be like for the annual staff event next week? It’s no surprise then that businesses of all sizes have started to embrace the idea of predictive analytics.

Reasons to use predictive analytics

Reasons to use predictive analytics

Growing up we are constantly told that predicting the future is at best mere guess work, and there is no real way to tell what our future may hold. While this may be the case for much of life, in business there are ways to make accurate forecasts. One option at your disposal to be able to do this is predictive analytics.

Misconceptions about BI

BI_Apr22_ABusiness Intelligence (BI) is hardly a new concept for small business owners, with a growing percentage of business owners utilizing it in their business. But even so, there are a great many misconceptions that still proliferate about the theories and technology behind it and people often don’t realize how they can benefit from incorporating a little BI into their operations.

3 important data terms you should know

BI_Feb24_ABusiness Intelligence (BI) has become an essential function of many businesses. Those who employ some form of BI often see increased sales, or at the very least the ability to make quicker informed decisions more often. When looking into BI solutions however, you will likely come across a number of terms that may be a little confusing.

Define: Business analytics

BI_Jan27_AIt seems like over the past five years or so, understanding, processing and leveraging of data has become one of the most important parts of a business. When reading about data you often come across the term ‘business analytics’. Despite this terms common usage many people are confused as to what exactly it is and where exactly it fits into business processes.

Business Intelligence trends for 2014

BI_Jan02_AIn 2013, Business Intelligence – transforming data into useful information that can be used by managers to make decisions – has become a popular process used by businesses to make better decisions. Because this has become such a popular and important business function, you can bet that you will continue to hear about it in 2014. The only question is what exactly will be the latest developments this year?

Here is an overview of the potential Business Intelligence (BI) trends we could see emerging and growing in 2014.

1. BI is more accessible

Historically, to get the most out of Business Intelligence you need to be experienced or to employ a data scientist.

Business Intelligence trends for 2014

In 2013, Business Intelligence - transforming data into useful information that can be used by managers to make decisions - has become a popular process used by businesses to make better decisions. Because this has become such a popular and important business function, you can bet that you will continue to hear about it in 2014. The only question is what exactly will be the latest developments this year?

Here is an overview of the potential Business Intelligence (BI) trends we could see emerging and growing in 2014. 1. BI is more accessible Historically, to get the most out of Business Intelligence you need to be experienced or to employ a data scientist.