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data analytics

WHY ANALYTICS IS HERE TO STAY

Analytics is a wave from the future. Terms like Business Intelligence and Big Data are becoming as common as “supply”, “market analysis” etc. Clearly, analytics is here to stay and you/your company should join the bandwagon- if you haven’t yet. Wikipedia defines analytics as, “The discovery, interpretation, and communication of meaningful patterns in data.” Further definitions state, “Analytics is the systematic computational analysis of data.”...

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WHAT COULD GO WRONG WHEN YOU INVEST IN BUSINESS INTELLIGENCE?

WHAT COULD GO WRONG WHEN YOU INVEST IN BUSINESS INTELLIGENCE?

The implementation of Business Intelligence by a company is one that is exciting and difficult. It must be approached with utmost care and given the highest possible consideration. A lot can go wrong but to understand BI implementation here are the steps taken to integrate a BI system, which may vary depending on the needs of the clients, but the main parameters that are common...

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Data Storytelling

Data Storytelling

Story telling with data is how to communicate effectively with data using data visualization. In most cases, organizations recognize that being a successful, data-driven company requires skilled developers and analysts. Data is always remembered only when presented in the right way; slides, spreadsheet or graphs may not be the right way but a story is always the right way. Story Telling Entails: Understanding the importance...

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Why You Should Invest In BI Even If You Already Use Excel

Excel is the most commonly used tool for data manipulation and analysis.You will find that most companies are unwilling to incorporate Business Intelligence because they already have Office Suite. Excel comes as “free” and most office managers wouldn’t want to invest in a service which they seem to already have. However, relying solely on Excel presents the following set of problems: • Strategic decision making...

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TRENDS IN BIG DATA

TRENDS IN BIG DATA

The disciplines of big data and analytics are evolving so quickly that businesses should invest in them. Business Intelligence is expected to perform well operationally, meet governance standards, and fulfill promises of business value to the company. These trends have driven the migration of companies into big data and analytics and also brought changes to the analytics industry itself. Below are 8 trends observed in...

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Why You Need BI Even With An ERP System

Why You Need BI Even With An ERP System

Often the question asked when it comes to the implementation of Business Intelligence solutions is, “Why do I need BI if I have an ERP system in place?” Here’s why; Definitions of ERP and BI ERP (Enterprise Resource Planning) combines the multiple systems in different departments within an organization into a single integrated software program that runs out of a single database. One integrated software...

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Do you understand what Cloud Computing means?

Do you understand what Cloud Computing means?

You have heard everyone in your IT department go on and on about the cloud. Well, cloud computing is also known as the cloud. The cloud is an internet based platform for delivery of computing resources, on a pay for use basis. Well now I know I haven’t even explained that. Let’s break it down; You want to set up a data center, you will...

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WHY BUSINESS INTELLIGENCE IS VITAL TO THE SUCCESS OF THE INSURANCE INDUSTRY

WHY BUSINESS INTELLIGENCE IS VITAL TO THE SUCCESS OF THE INSURANCE INDUSTRY

The most important asset to ensure survival and success in today’s marketplace is data. Business Intelligence converts this raw data into actionable information. The internet, deregulation, increased competition, consolidation and convergence of insurance services with other financial services have changed the structure of the insurance industry. This has greatly increased the need to implement business intelligence tools within insurance companies. BI refers to collecting, analyzing,...

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BUSINESS INTELLIGENCE DATA MODELING

BUSINESS INTELLIGENCE DATA MODELING

A data model that is well-designed is the foundation to creating business intelligence and data warehouse applications that result to a significant business value. It is the key to success in Business Intelligence (BI). It is paramount that the process is business-centered. It starts with the clear understanding of the business, its purposes, and how the data will be used to support the business. Effective...

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POWER BI AS A BUSINESS INTELLIGENCE SOLUTION

POWER BI AS A BUSINESS INTELLIGENCE SOLUTION

Power BI is a suite of business analytics tools that deliver insights throughout your organization. Its main selling points are integrated data sources, simplified data preparation and driving ad hoc analysis. Power BI has a dynamic graphics display, customizable dashboards that offer an all-round view of your business. It is a leader in the Magic Quadrant for Business Intelligence and Analytics Platforms. Ease of Use...

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