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Signs That It's Time To Introduce BI To Your Business

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  1. Your data is not really useful information.

Companies, organisations and individuals are masters when it comes to collecting data – in fact we collect data daily, often without even knowing. However, data is not the same as information – data is not helpful, nor meaningful, unless used in context to gain insight or information. BI tools help with this – business intelligence helps to analyse data and transform it into useable information that can help fine tune business operations and meet goals.

Do You Need Data Warehouse Business Services?

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Every business is always on the lookout for a way to enhance its operations. One way to do this is to use the services provided by a data warehouse business in South Africa. When your operations are done in the best way, you have the ability to sustain the competition that you face on daily basis. One of the things that have set the foundation for businesses to advance is Information Technology. There are various benefits that technology brings to your business today, one of them being data handling. This is where data warehousing comes in.
 
Simply put, this is a process where you can access tools for designing, building, maintaining and retrieving your data. This service allows you to make informed decisions faster and with more confidence.
 

How Incremental Analysis Can Be Used To Improve A Business's Effectiveness

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What is incremental analysis? If you've studied either macroeconomics or managerial accounting after high school, you are probably very familiar with the term. According to Investopedia,

An incremental analysis is a decision-making technique used in business to determine the true cost difference between alternatives. Also called the relevant cost approach, marginal analysis or differential analysisincremental analysis disregards any sunk cost.

Big, Fast And Smart Data

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Do you know how many e-mails are sent, videos are uploaded onto YouTube and tweets are sent out per day? All types of data is generated and sent around every millisecond and it is very important that we try our best to understand this data.

Many organisations strive to leave a very big digital footprint, but if they do not make sense of the fast paced data that is constantly generating and evolving, they will not benefit from the crucial insights that could be crucial to their success.