Next quarter is always on the way. So it’s a good time to ask questions and examine your data. Are sales or product performance in a slump? You may be looking for business strategies to pick up next quarter’s pace. Or maybe things are going well and you want to maintain steady growth. Either way,…
When I began my career as a financial reporter for the insurance industry, the data analytics process was incredibly time-consuming and messy. We kept all of our data in an information silo and if we wanted to analyze it, we had to do so by hand. What’s worse, we didn’t always have the most recent…
The benefits of managed services models are far-reaching and abundant. That’s because managed services have a trickle-down effect that affects an entire company. When you hire an IT firm that specializes in collecting and analyzing data, you’ll notice more than just an improvement in data and report quality. You’ll also see unexpected benefits in time…
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…
We’ve come a long way from the days of unorganized onsite data storage and crowded server rooms. There’s been a massive amount of cloud computing growth over the past year, making it possible for even the smallest businesses to make a seamless transition to the cloud. Some of the most exciting cloud computing growth trends…
Is your business living up to its full potential? Detailed data analysis can take your business strategy to the next level, help you make more accurate predictions, and maximize every resource at your disposal. But to gain all of these benefits, you’ll need to have the right exploratory data analysis techniques in place. In my…
A few months ago, I spoke with a small business owner who was facing a serious problem. His data storage system was out of date. He had stacks of paperwork stuffed into dozens of filing cabinets in a back office. He needed to hire an IT team to get it all organized in the cloud.…
When I worked as a financial reporter for a life insurance company, I often used exploratory data analysis and visualization to track claims payouts and identify patterns in these numbers. The spreadsheets I used contained thousands of data points–—everything from the amount paid to the policyholder’s age, location, and lifestyle. At a glance, all of…