Are Big Data and Data Science All Hype? | SmartData Collective

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Big Data has clearly entered its golden run. This is definitely on the minds of many executives of companies all over the world.

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The Math Says Yes, But Human Behavior Says No

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There is a constant push-pull between mathematics and the human element of what’s practical and reasonable. As our society becomes more numbers and computer driven and thereby “optimized,” expect s…

Greg Mudd‘s insight:

It’s important that while businesses use data to better support their decision making process, that they don’t leave the human element out of it.

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Big Data Can Boost Your Customer Service Efforts | SmartData Collective

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Big Data can help businesses learn more about their own staff. Is a certain employee slacking when it comes to taking service calls, leaving others to do all the work?

Greg Mudd‘s insight:

The various ways that you can use big data to help with improving your organization’s customer service efforts, from allowing you to improve upon your customer service offerings to making product and/or service adjustments.

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Choosing The Right Business Intelligence Solution | Infostream

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The evolution of business is accelerating exponentially.  In order for a company to thrive, they need to exercise a certain amount of business intelligence.  This concept includes a group of ideas, functions and tools that incorporate wise decision making within the modern technological landscape.  Understanding the role B.I. plays in the future of business is vital to fostering healthy growth.  The correct tool should fit the company like a glove.  It must be, amongst other things, adaptable, scalable, secure, affordable, and have the ability to report on a multitude of business trends.  It should inform of business practices and identify opportunities that allow the end user to make educated decisions….

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Iconic Mind: Our Blog Corner: Dominate The Marketplace with a Mobile-Enabled Sales Army

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The analogy between business and war is not a new one.  CEOs have been known to quote The Art of War, The Book of Five Rings and On War for years.  The reason is because there are strong parallels between the two.  Your business has competitors trying to steal market share from you, and you have to defend yourself from losing clients the same way an army has to defend its homeland.  At the same time, in order to grow you have to win new business by going on the offensive and either taking existing clients from the competition or landing new clients just entering the marketplace.

Greg Mudd‘s insight:

Business agility is the ability of your organization to be able to adapt quickly and effectively in an efficient manner to changes in the business environment.

If you’re looking at ways to make your organization more agile and faster to react to the marketplace then one solution to consider is cloud computing.

The more of your critical business intelligence you can store in a central location, which can be accessed from anywhere, the more easily you will be able to react to changes in the marketplace and grab an advantage over the competition.

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Turn Numbers into Actionable Information with These Helpful Data Analytics Strategies – Business 2 Community

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The business world has entered the era of Big Data, and for possibly the first time in history companies are now faced with too much information about their customers instead of not enough.  With high-powered analytics tools like Google Analytics available for free, any website now has the power to dissect their customers’ demographics and online behavior down to the narrowest audience segment.

The challenge this creates for companies is what to do with all of the data that they now have at their disposal.  With so much to analyze, how do you know you’re looking at the right thing?  Here are three helpful strategies for turning the numbers in your analytics reports into actionable information that can help guide your decisions and fuel success for your company.

Greg Mudd‘s insight:

Big data has multiple uses in every industry, from analyzing larger volumes of data than previously possible to driving more precise answers. With the overwhelming amount of information that’s now available, it’s important that businesses figure out what to look for so that the data they’re mining can be turned into real actionable knowledge.

Get three strategies that can help with turning the data you gather into actionable information.

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