Odds are you know your business needs business intelligence (BI). Over the past 5 years, big data and BI became more than just data science buzzwords. Without real time insight into their data, businesses remain reactive, miss strategic growth opportunities, lose their competitive edge, fail to take advantage of cost savings options, don’t ensure customer satisfaction… the list goes on. In response to this increasing need for data analytics, business intelligence software have flooded the market. With the benefits being numerous and the costs of not having good BI growing, it is easy to want to quickly adopt a solution.

Unfortunately this approach could be disastrous. Investing in BI shouldn’t be taken lately. Whether you are starting from scratch, moving past spreadsheets, or looking to migrate to a new platform: you need a business intelligence strategy and roadmap in place. We previously discussed business intelligence for small business. Now we are going to take that a step further with the following 11 steps to a better business intelligence strategy. These steps are imperative for businesses, of all sizes, looking to successfully launch and manage their business intelligence.

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Big Data has changed the way we manage, analyze and leverage data in any industry. One of the most promising areas where it can be applied to make a change is healthcare. Healthcare analytics have the potential to reduce costs of treatment, predict outbreaks of epidemics, avoid preventable diseases and improve the quality of life in general. Average human lifespan is increasing along world population, which poses new challenges to today’s treatment delivery methods. Health professionals, just like business entrepreneurs, are capable of collecting massive amounts of data and look for best strategies to use these numbers. In this article, we would like to address the need of big data in healthcare: why and how can it help? What are the obstacles to its adoption? We will then provide you with 12 big data examples in healthcare that already exist and that we benefit from. …

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Many businesses these days build their online presence and reputation using social media. The main reason is that social networks put you in direct contact with a large number of people. That way, businesses can have a two-way communication with their target audience, while promoting their products and services. However, successfully leveraging social media to your advantage depends on how well you can drive engagement from your customers and how effective your strategies at capturing their attention are. …

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Using daily and/or weekly sales reports with your team may be the single most powerful action you can take to increase your team’s performance. Don’t believe us? We’ll convince you with an example from another sector – fitness. Let’s say a friend of yours has a goal of losing 10 pounds of fat, or gaining 5 pounds of muscle, over the next 2 months. Your friend excitedly tells you their plan, and all of the actions they plan to take to achieve their goal. “I’m going to cut out carbs, start walking everyday, and drink tons of water” he says with a smile on his face. “I think it’s great that you’re committing to fitness,” you reply. “How are you going to keep track of your goals?” …

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Experts predict that by 2020, around 1.7 megabytes of new information will be created every second for every human being on the planet. Moreover, in mere five years, the number of smart connected devices in the world will amount to more than 50 billion – all of which will produce data that can be collected and analyzed.

What does this mean, exactly? Essentially, this means that we are living in a world rich with data, and for businesses looking to streamline their processes, monitor various areas of performance, and understand their customer base on a deeper level, collecting, analyzing, and leveraging this wealth of insights is critical for success.

But with so much data available from an ever-growing range of sources, how do you make sense of this information – and how do you extract value from it? One of the most effective means of doing this is KPI reporting. …

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