Everyday BI: My Stocks

In the last installment of this series, I described the three key steps that everyday business intelligence (BI) users typically go through when they consume data: Observation, Perspective, and Insight. These steps often take place in an ad-hoc manner without the same degree of precision and requirements that one expects in corporate BI environments. Nevertheless, everyday BI users follow a similar process to achieve the same end goal—insight through data for better-informeddecisions.

Why Analytic Software

Your decisions are always about the future – what direction to take, where to invest, what course corrections to make, what markets to expand into, what and how much to produce, who to hire and where to put them. In other words, a forecast, the third of my four points, with the fourth being perhaps the most important of the lot - a confidence level or uncertainty measurement about that forecast, these last two coming from the realm of predictive analytics.

Everyday BI: 3 Steps to Insight

Everyday BI users rely on technology solutions that can deliver insight-driven and action-ready information. This is important for businesses because better-informed consumers tend to make better-informed decisions. And they tend to be more loyal because they recognize the improvements that these solutions can make in their daily lives.

How have you seen these three steps to insight unfold in your everyday BI experiences?

Mobile BI Design Framework: The Art of Performance

In mobile business intelligence (BI) design, performance is one of the most critical elements of the mobile BI success formula. High quality content, reliable data, andmobile purpose are a must. However, none of that matters if the performance is poor—mobile users tend to be less patient about performance. Think about it for a moment. Unlike a PC users who may be chained to a desk, mobile BI users typically access mobile BI assets on the go and with less time to spare.

Cloud Encounters of the Fifth Kind

While it has been a couple of years since we passed the point where more than half of all Web traffic became non-human, mostly search engines, bots and spam, when it comes to the internet as a whole, video and media / gaming still holds sway at 50%+ of the transmitted bits.

The Fan Experience Matters: Data Is A Strategic Asset

Sports and entertainment organizations collect tremendous amounts of data on the fan experience, such as attendance, ticketing, merchandise, etc. These data troves can provide invaluable opportunities for growth and profitability. That is why I called sports and analytics a “perfect couple” in my Sports & Analytics series.

However, having all the data doesn’t do much good if we are not asking the right business questions — or don’t have the right analytics platforms to answer them.

Do You Have the Right Mobile Mindset

Mobile has become a key ingredient in the integration of business and technology. If designed and delivered effectively, it provides unparalleled convenience, speed, and ease of use. However, having the right mobile mindset is a prerequisite if you’re going to drive growth and profitability through the use of mobile solutions.

In its simplest and purest form, I define it this way: