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Topic: business intelligence

The Most Important Metric for Increasing Revenue

Average Order Value (AOV) is one of the few important metrics for businesses to analyse and track to gain an understanding of their current revenue and how they may increase it. It gives an insight into customer behaviour and is often used in collaboration with conversion rate (CR) and revenue per visit (RPV) to drive […] ... Read More

  February 4, 2020     

How Can Small Businesses Leverage Big Data?

While it may seem like big corporations and small businesses are on two different playing fields, that’s not the case when it comes to big data. Despite the fact that small businesses have less self-generated data than those big corporations, they can still get access to big data. Big data is comprised of a large […] ... Read More

  February 3, 2020     

SMEs and Big Data: How to Capture It and Why You Should

Big data refers to the process of examining and analysing large and diverse data sets for the purpose of uncovering valuable information to help businesses make informed decisions. The relationship between SMEs and big data is not contradictory, because no business is too small for big data. In fact, SMEs can gain significant benefits from [&hellip ... Read More

  January 28, 2020     

Understanding How Business Intelligence and Reporting Impact Your Business

When you’re running a warehouse, you need to be in the loop with what’s going on, what product is moving where, and if your inventory control is working how you intended it to. There are a few different ways to gain this understanding — some inventory managers turn to reports, while others use business intelligence […] ... Read More

  January 24, 2020     

How Inventory Control Can Benefit from Artificial Intelligence

Effective inventory control centres on the fine balance of holding enough inventory to ensure the business operates effectively while avoiding the overstocking that ties up valuable cashflow and leads to waste. Inventory control can benefit from artificial intelligence (AI) because AI provides powerful insights for companies, highlighting interesti ... Read More

  January 16, 2020     

Business Intelligence: The key to better decision making

Decision making in any area of life or business is best done with all the pertinent facts on hand so that it can be informed and trusted. In the world of business, these facts are termed business intelligence and it provides a meaningful platform from which a company can formulate accurate and beneficial decisions to […] ... Read More

  January 14, 2020     

Can AI Improve Your Inventory Management?

In our increasingly digital world, artificial intelligence (AI) is becoming part and parcel of our lives –and it is becoming particularly useful to business owners and inventory managers. In this article, we explore the relationship between AI and inventory management, and how AI can assist in inventory management. What is AI? AI is essentially a ... Read More

  January 9, 2020     

3 Top Tips for Choosing the Right Business Intelligence Tools

Data is omnipresent — it’s everywhere we look and intertwined in everything we work with. The biggest obstacle that companies face is how to make sense of all this data! If you have mountains of data but aren’t able to decipher what it means, then what’s the point? Data can be an invaluable resource if […] ... Read More

  January 8, 2020     

3 Ways BI Tools Create Value for Your Company

With business intelligence tools, you can understand your data and create value for your business. Business intelligence tools can help decision-makers by simplifying data and delivering the information they really need. This keeps decision-makers and leaders informed. It allows them to make knowledgeable and informed decisions for their business. ... Read More

  December 16, 2019     

How Business Managers Can Hack Decision-Making

Business Intelligence (BI) helps companies with rich data resources to make informed strategic decisions, improving operational efficiency and business productivity. While systems such as Business intelligence can help different aspects in a company, here we take a look at the main benefits of business intelligence that helps businesses grow by enh ... Read More

  December 13, 2019     

A Comprehensive Checklist for Choosing the Right BI Tool

Many businesses understand the importance of data. However, with the sheer amount of data flowing in, how do companies make better sense of this information? Without the correct Business Intelligence tool, businesses will have a difficult time finding a usable piece of data. To enhance your prospects of extracting useful information from large chun ... Read More

  December 11, 2019