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

Using Business Intelligence for Betterment

Data is very valuable for any business. It can help in decision making, planning, and more. Here, Business Intelligence comes into action. BI uses various softwares, applications, tools and services that enables access to and analysis of data. This improves and optimizes decisions and performances. Using Business Intelligence can help you to get more value by improving customer service, employee productivity, and more.

Following are the few ways one could get more value from Business Intelligence:

  1. Build real-time BI into your customer-facing services
  2. Improve employee performance through BI
  3. Improve Customer Service
  4. Predict new revenue streams
  5. Automate budgeting and forecasting
  6. Shift the emphasis to analysis
  7. Embed BI into other platforms
  8. Cut time wasted on data gruntwork
  9. Bring unstructured data on board

Read more about them at: https://www.cio.com/article/3254646/business-intelligence/9-ways-to-get-more-value-from-business-intelligence.html

 

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Impact of Integrated Delivery Networks in providing solutions on life science brands

IMS Health, a leading international information and technology services company, provides clients in the healthcare industry with comprehensive solutions to measure and improve their performance by using anonymous healthcare data to deliver critical, real-world disease and treatment insights. Recently, it announced the immediate availability in the U.S. of IDN Impact - a solution to measure, compare and prioritize the influence of Integrated Delivery Networks (IDNs) on life sciences brands. Combining a unique data set of IDN influence metrics with business intelligence software and local market analysis, IDN Impact enables life sciences organizations to effectively shape and execute their commercial engagement actions. Read more at: http://www.imshealth.com/portal/site/imshealth/menuitem.c76283e8bf81e98f53c753c71ad8c22a/?vgnextoid=3edfb0cfe6228410VgnVCM10000076192ca2RCRD&vgnextchannel=5ec1e590cb4dc310VgnVCM100000a48d2ca2RCRD&vgnextfmt=default

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Is Business Intelligence for small business too?

Today companies have vast amounts of informations available to carry business moves. The General Mills and IBMs of the world now are using complicated-and expensive-Business Intelligence (BI) systems that can combine data together from a multiple operating systems and generate best reports that highlight not only what has occured and what is happening, but also what will probably happen. Can Small Business Benefit From Business Intelligence Software?

• It can help a small business compete with larger competitors or enhance market share.

• Vendors are getting experienced at making software that’s affordable.

• BI vendors are starting to educate a younger crowd. 

• The cloud now puts non-IT users in the driver’s seat. 

• Before investing in BI tools, one must know what answers they are looking for.

• Forget about using BI software if one don’t have access to best operational data.

• BI is increasingly going mobile. 

 Read more at:

http://www.inc.com/articles/201109/business-intelligence-software-for-small-business.html

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