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If used correctly, colour is a very effective tool that you can use to visually display data.
Colour can be used to encode extra meaning into your charts; however, it can become an issue if colour is used for no real purpose. Instead of splashing colour onto your charts for appeal, rather use colour so that various audiences are able to obtain relevant information.
Remember that no matter how well data is presented, if the data is not correct, it is useless. Using guided analytics, such as QlikView business intelligence software, will ensure that your data is organised and effective.
Business intelligence is a software that has taken data, and turned it into fact-based insights that can be used to make effective business decisions, as opposed to relying on opinions and ideas. This is why you should care:
Business intelligence does four things
· Reporting – the software provides you with reports on past activity and data relating to your business.
· Analysing – business intelligent software analyses standard productivity software to anticipate future business performance in relation to a number of circumstances.
· Queries – this software enables the user to create customized data queries
2016 is fast approaching and it's bringing along a whole lot of changes to the business world. With technology continuously evolving and improving, the sky is the limit for where business intelligence is heading; however, we are able to foresee some of the major trends that will leading the business world and market tactics.
Here are 5 trends that will be leading the way in 2016:
Location is a vital component of any business, especially when it comes to business location and marketing to new customers. This is why 2016 location tools will be very effective for companies when it comes to better business analytics.
Previously, business intelligence and big data were reserved for big companies with an even bigger budget. Luckily now, with new technology and software, business intelligence is available to small businesses as well on an affordable level.