An in-house business analyst isn’t just a luxury afforded to successful Fortune 500 companies. These knowledgeable experts can help even the smallest enterprises become more efficient and successful. But how do you know whether you need an analyst? There are pros and cons of hiring these experts full-time. We’ll explain some of the benefits and…
You’re probably aware that data analysis is important. But how do you work with large amounts of data from multiple sources? This is where data integration and ETL (Extract, Transform, Load) come in. The relationship between data integration vs. ETL is a strong one. They both handle multiple types of data and encourage business owners…
When you run a small business, sometimes it feels like you’re David battling Goliath. Industries like banking, healthcare, and insurance are especially competitive, making it difficult for smaller companies to gain a foothold. However, there is one thing that small business owners can do to increase their share of the market: Invest in data analytics…
How do your business customers communicate with you? Business-to-business (B2B) customer portals make it simple for customers to place orders, request invoices, and track shipments all from one place. To get the most from your B2B customer portal, build it according to best practices. These essential features will help you streamline orders and engage with…
Statistical data analysis used to be a confusing, sluggish process. Calculations were all performed by hand. If even one key data sample was missing, it would ruin the accuracy of the entire report. Today, business intelligence (BI) tools have made it much easier to perform statistical data analysis. Machines do most of the work, eliminating…
The best decisions are data-driven. In the past, business owners had to rely on instinct and guesswork when creating their business strategies. Now, they have access to state-of-the-art data analytics tools that are capable of making reliable predictions about every single decision and corresponding outcome. How do you get your team on board with this…
If your business doesn’t use data blending, it isn’t running as efficiently as it could. Data blending helps nearly all modern businesses, from insurance companies and healthcare providers to manufacturers and financial institutions. So why doesn’t every company already use it? One reason is that many business owners aren’t sure where to start. They…
FinTech disruption is changing how we think about banking. In the past, customers had to visit a branch just to deposit a check. Now, many deposits are made directly from phones, whenever and wherever needed. This convenience comes at a cost. Traditional banks have to make major changes to their business strategies. They also have…