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…
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…
All business owners want their organizations to be as efficient as possible. They want to make sure that their time and resources are being put to good use. Business intelligence helps agile organizations achieve that goal. An effective BI strategy can speed product development and improve the quality of the services you offer. By picking…
There are more than 700,000 business strategy consulting firms worldwide, and the number is expected to increase. What has led to this boom in business consulting? Here are three possible reasons: More consulting firms are using data analytics to accurately identify industry pain points; Advanced firms use offshore technology to maximize existing resources and infrastructures;…
Some of the most successful companies in the world use business intelligence (BI), and the insurance industry is no different. Companies that use BI services and tools have many advantages over those that don’t, including: Better data storage options More accurate data analytics and reports Reliable predictive modeling Business intelligence in the insurance industry is…
Since the crisis of 2008, the banking industry has been under pressure to avoid another crash. Industry leaders have had to guide their organizations carefully and adapt to a host of new regulations. They haven’t done it alone, however. Banking industry leaders have gained visibility into many challenges by using business intelligence. BI offers the…
Business intelligence (BI) has evolved more quickly in the last few years. Decades ago, business owners had to rely on data experts to tell them what data meant and how it connected to their business strategies. With new advances in BI, it’s now possible for anyone to perform this level of in-depth data analysis; it…
Data is incredibly powerful. A string of numbers on a financial report could signify fortune or ruin. But how do you know which datapoints are important? Business intelligence (BI) and business analytics (BA) systems can help you cut through the white noise and identify the data that truly matters. However, understanding how and when to…