By Gabriel Mercado
New business intelligence software and ways to deal with viruses and ma
lware
Let's say your SME occasionally runs special projects that involve certain empl
oyees dropping whatever they are doing so they can take time to do certain task
s. How much money do you lose whenever they do that? Is the time away from work
worth it? How much money is saved or made when they work on it anyway? Will it
justify hiring new staff just for that purpose?
What if your company warehouse is maintaining inventory of several thousand dif
ferent products as well as caring for company equipment that cannot be stored a
nywhere else. How much company resources are being spent on doing so exactly? I
s it more cost efficient to separate the two? Sometimes it feels as if it's mor
e trouble than it is worth so why not outsource the job? But wait, before you d
o that, why not find out just how efficient it is so you'll know if you did the
right thing?
Most likely, the examples I stated above are simplistic. In truth, business peo
ple have questions about their organization that range from the mundane to the
scientific, with many variations in between. Or sometimes it's just a feeling t
hat something is not right, that an issue is not being addressed or a task is n
ot being efficiently done the right way.
There are certain types of software built to answer such questions -- questions
that go far beyond what typical accounting software and especially a spreadshe
et can provide. Typically called Business Intelligence, Wikipedia describes the
se as technologies, applications and practices for the collection, analysis, in
tegration and presentation of business information.
In short, it's a step beyond off-the-shelf accounting software where you will n
eed to sit down with consultants and experts to thoroughly discuss what type of
data you are looking for in order for them to customize a way for you to view
information you need to make decisions. Information that can be simple or far m
ore complex than the examples I stated above can be made more specific to the k
ind of business you are running and the way you want to run it.
Read the full story in the January-February issue of SME Insight Magazine
Secure and interpret your data
By Gabriel Mercado
New business intelligence software and ways to deal with viruses and ma
lware
Let's say your SME occasionally runs special projects that involve certain empl
oyees dropping whatever they are doing so they can take time to do certain task
s. How much money do you lose whenever they do that? Is the time away from work
worth it? How much money is saved or made when they work on it anyway? Will it
justify hiring new staff just for that purpose?
What if your company warehouse is maintaining inventory of several thousand dif
ferent products as well as caring for company equipment that cannot be stored a
nywhere else. How much company resources are being spent on doing so exactly? I
s it more cost efficient to separate the two? Sometimes it feels as if it's mor
e trouble than it is worth so why not outsource the job? But wait, before you d
o that, why not find out just how efficient it is so you'll know if you did the
right thing?
Most likely, the examples I stated above are simplistic. In truth, business peo
ple have questions about their organization that range from the mundane to the
scientific, with many variations in between. Or sometimes it's just a feeling t
hat something is not right, that an issue is not being addressed or a task is n
ot being efficiently done the right way.
There are certain types of software built to answer such questions -- questions
that go far beyond what typical accounting software and especially a spreadshe
et can provide. Typically called Business Intelligence, Wikipedia describes the
se as technologies, applications and practices for the collection, analysis, in
tegration and presentation of business information.
In short, it's a step beyond off-the-shelf accounting software where you will n
eed to sit down with consultants and experts to thoroughly discuss what type of
data you are looking for in order for them to customize a way for you to view
information you need to make decisions. Information that can be simple or far m
ore complex than the examples I stated above can be made more specific to the k
ind of business you are running and the way you want to run it.
Read the full story in the January-February issue of SME Insight Magazine
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Yes, very appropriately said. BI plays an important role in decisions making.
In business, its very important to figure out customer behavior and their buyin
g pattern through slicing and dicing data to make strategies, give special offe
rs/discounts and even come up with the new product/feature.
Regards,
Hiral
http://www.ElegantJBI.com
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