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SigmaWay Blog

SigmaWay Blog tries to aggregate original and third party content for the site users. It caters to articles on Process Improvement, Lean Six Sigma, Analytics, Market Intelligence, Training ,IT Services and industries which SigmaWay caters to

Increasing Demand For Social Media

According to a recent study in 2014-15, it was found that today's high school students are heavy internet users using social media channels to stay well-informed with current affairs and to be connected with family and friends. 52% of them are part of at least one community on Facebook and 65% of them have Google+ accounts; 6 out of 10 use Whats App. According to the study, it was also found that 75% of these students spend an hour online every day. Two-third who survey, shop online. 63% use Wikipedia, 51% use PDF and 44% use videos as learning resources. Read more about this article at:  http://www.dqindia.com/over-75-of-indian-school-students-spend-an-average-of-1-hour-on-social-media-every-day-tcs-study/

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A Study On Start-Ups

Small Medium Businesses (SME) contribute to around half of the GDP and two-third of all private sector jobs in UK, thus playing a massive role in innovation. Nearly 9% of the UK adults are now in early-stage entrepreneurship.  Tech firms & digital enterprises has sprung up all over the country. Banks are helping smaller companies with correct tools and best practice in their earlier stage so that these companies can achieve their full potential. Read more about this interesting article by Richard Phelps, Head of Corporate and Employer's Solution at: https://barclayswealthblog.com/index.php/fostering-fast-growth-start-ups/ 

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Entrepreneurship: A Study

According to the bi-annual Entrepreneurs Index, entrepreneurship is booming in UK. The future growth of these relatively new businesses will enhance UK's Small Medium Enterprises (SME) landscape further. These businesses contribute to around half of the GDP and two-third of all private sector jobs in UK. Since entrepreneurs are fast becoming the center of the modern day business world, wealth managers must found the best way to meet their demand. To know more, please read the article by Richard Phelps, Head of Corporate and Employer Solution of Barclays at:  https://barclayswealthblog.com/index.php/the-age-of-the-entrepreneur/

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Expectations From Economy

According to Gary Langer, president of Langer Research Associates LLC in New York "The increase in negative expectations occurred among a disparate collection of groups, indicating a generalized retrenchment". 39% population said that the U.S. economy is getting worse. The Bloomberg Economic Surprise Index touched its lowest level of expansion. The Bloomberg measure of the buying climate declined to 38.1 from 40.4 and personal finances increased to a five-week high of 56.3 from 55.7. Unemployment rate dropped to 5.4%. Read more about this article at:  http://www.bloomberg.com/news/articles/2015-05-21/consumers-expectations-for-u-s-economy-drop-most-since-2013

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Social Media And Mobile Go Hand-In-Hand

Businesses cannot ignore the impact of daily mobile use and mobile purchasing, especially given the fact that 85% of Americans surveyed said that mobile devices are important in their everyday lives. Mobile app is the perfect platform for reaching to a larger audience. The mobile-oriented services like Whats App, We Chat and Facebook Messenger are now achieving the top social media ranking spots. To know more, please read this article by OREN LEVY (CEO of Zooz) at: http://www.entrepreneur.com/article/246430 

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SWOT Anlysis: An Overview

SWOT Analysis must contain a two-dimensional look from both a product and a brand point of view. JIM JOSEPH (Contributor), writes in this article about some points which are important in any business. They are:

1. Business strength should become unique competitive advantage.
2. Challenge is the key word and focus on the factors that keep us from being competitive and identify our weakness.
3. Business house must think of various ways to expand their brand, because opportunities will be likely to impact business.
4. Business must identify the potential threats, and finally, focus on actionable items to make SWOT analysis realistic.

Read more at: http://www.entrepreneur.com/article/246434

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Executing An Idea Properly Is An Art

An idea can also be marketable just like any product or service and if executable properly, then can also be as valuable. Skilled people who sells idea often are called earn buy-in, which helps in increasing funds. A good salesperson specifies about the product they are selling to solve customer's pains. Likewise, by knowing an idea well enough, one should establish a stronger bond between what they are selling and what audience needs through conversation. To know more read the article at: http://www.cmswire.com/cms/social-business/the-art-of-selling-an-idea-029138.php 

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Featured

Influencing Decisions With FEA

There are two general ways to navigate information to make a manufacturing decision. First is to use intuition, experience, and rules of thumb which helps us to take correct decisions. Second is a methodical approach which is based on analysis and objective information.  Bill Frahm (President 4M Partners LLC), writes in this article link about how metal-formers make many of their forming and die-engineering decisions based on the results of finite element analysis (FEA) simulations. Read more at: http://www.thefabricator.com/article/shopmanagement/decision-making-in-metal-forming 

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Business Depends On Its Customers: An Insight

According to the 5th annual Sensis Social Media Report, the percentage of small businesses with social media accounts has declined from 37% in 2014 to 31% in 2015. 68% of the broader population use social media sites, 61% of small businesses don't know how much they spend on social media each year, with just 17% actively measuring return on investment. 57% of small businesses don't know whether they've recovered their investment in social media. 70% of consumers' access social media from a smartphone, 52% use a laptop, 34% use a tablet and 28% rely on desktop computer. To know more, please read this interesting article by ANDREW SADAUSKAS (tech-company editor) at: http://www.smartcompany.com.au/technology/social-media/46997-small-businesses-flying-blind-on-social-media-and-some-are-walking-away-report.html 

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Healthcare Big Data Analytics: An Insight

Big data analytics is the joining of two or more sources of information, so that it can be comprehended from the comparison of the new, expanded data set. Success with healthcare big data analytics relies on vendors, team of experts, and people who understands health management. Collecting and leveraging patient-generated health data from IoT devices will be the key in health care analytics. To know more how IoT helps in healthcare big data analytics, read this interesting article by Jennifer Bresnick (author) at: http://healthitanalytics.com/news/why-healthcare-big-data-analytics-needs-the-internet-of-things 

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Drawbacks Of Overanalyzing

Data analytics, especially the predictive ones, enable companies to obtain forward-looking insights they wouldn't otherwise have been privy to -- such as forthcoming changes in customer behavior and buying patterns, or the formation of new market segments as-of-yet unserved by the industry. The problem is that while you typically can't achieve the competitive edge you're looking for without analytics, you can't achieve it when you over-analyze, either which becomes a balancing act. Optimization is certainly a critical part of what companies should seek to derive from analytics, so too is innovation. Analytics becomes exclusively about finding ways to cut costs whereas also about finding ways to be cutting edge. It becomes about protecting today's existing revenue stream and should also be about finding tomorrow's new one. Thus, focusing too much on optimization can have the unintended effect of making organizations afraid to take on any risk. To know more, please read this interesting article by Joanna Schloss at: http://www.cmswire.com/cms/analytics/why-companies-cant-afford-to-go-overboard-with-analytics-029179.php

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