When a new technology or strategy is trending, there’s often an assumption that it will help large, Fortune 500 companies the most. After all, they’re the ones with the resources to be early adopters, and most innovations are created with their large environments in mind, right?
Not quite. Today, companies with 10, 100, and 1,000 employees are finding out they have much to gain from business intelligence and the data analytics that come with it. In fact, by 2020 it’s projected that BI and advanced analytics will be in use in 75% of organizations. Those small to mid-sized companies that wait any longer to adopt business intelligence strategies will have trouble catching up to the competition. [···]
Data holds power. By now business leaders everywhere understand that big data has the ability to uncover valuable insights and boost efficiency for their company, but many struggle to reap these benefits. Information must first be understood and utilized appropriately, and making the jump from a plan to an executable strategy to definable results is often a bigger journey than initially thought. With a tremendous amount of information overwhelming many businesses today, how do you know if your data is reaching its full potential? [···]
With the explosion of information pouring into companies’ servers and data warehouses in recent years, the enormous power that big data holds is unquestionable among executives. Studies indicate that even though 97% of business leaders use data analytics, only 19% are very satisfied with the insights they deliver. While several factors may contribute to this dissatisfaction, none are as profound as the talent problem plaguing the tech industry.
While finding the perfect IT candidate is difficult in general, when it comes to big data specialists the talent shortage is even more pronounced. In order to solve the big data talent shortage, organizations must first ask themselves four important questions. [···]
When it comes to cloud computing and CRM there is typically one name that comes to mind first, and for good reason. Salesforce is a behemoth in CRM, leading competitors by a large margin with its 19.7% market share. This dominance is owed not only to the impact of Salesforce tools on a business, but also to the fact that Salesforce is constantly looking ahead at technological advancements and improvements. It’s why Forbes has named Salesforce as one of the world’s most innovative companies six years in a row.
With so much advancement coming out of its San Francisco headquarters, it’s important for current and potential Salesforce users to take a look at what the most recent innovations mean, and to explore the future of Salesforce offerings. [···]
How many times have you heard someone comment, “the data says this…” in support of their argument? It’s a common enough phrase, pre-dating the rise of big data, but what many companies don’t realize is that it can be detrimental to their business to rely on such a phrase.
IBM reports that 2.5 quintillion bytes of data are created every day. That’s a mind-blowing amount of data, but even more astonishing is the fact that 90% of all existing data has been created in the last two years. But at the end of the day, data is just data. It tells us what is and nothing more. Big Data may be a buzzword in the business world, but the smartest leaders know it’s not the ultimate resolution to all their problems. Yes, big data can be extremely powerful, but true business intelligence goes beyond the hype. The biggest mistake companies make in big data is in giving it too much power. [···]