Category Archives: Analyzing Business Data

How Data Science Can Help Retain or Onboard Your Clients

How can data science help you retain or onboard your clients? Understanding what your customer experience metrics say about your business is exactly what you need to improve both onboarding and retention. This guide will cover customer onboarding basics, customer retention basics, and four ways to use data science to improve customer onboarding and retention.

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What Are the Uses of Cost Accounting Information?

 

Basic Cost Accounting Information starts with cost: a financial measure within your accounting management system defined as resources consumed or acquired in accomplishing a specified purpose such as performing a service, providing a product, or carrying out a project or program regardless of when the resources were ordered, received, or paid. Cost can be defined in a variety of ways depending on the objectives or information desired.  Continue reading What Are the Uses of Cost Accounting Information?

How Do You Measure the Effectiveness of Remote Working?

Working remotely has suddenly become the new reality for so many businesses and working professionals. With the outbreak of the COVID-19 pandemic, millions of people went from working in an office to working from home. And, this sudden shift made team managers, leaders, and business owners confused and worried about keeping the business up and running. This explains the sudden need for innovative KPI solutions, which begs the question: how do you measure the effectiveness of remote working? Continue reading How Do You Measure the Effectiveness of Remote Working?

Use Knowledge and Wisdom from Information as a Strategic Advantage

Information defines your business, representing not only your organization’s past experience, but also its future potential. Your usage of technology to manage your information could be a source of strategic advantage. But information is not enough. You need knowledge and wisdom to build an organization.  Continue reading Use Knowledge and Wisdom from Information as a Strategic Advantage

Using Behavioral Analytics to Boost Business Cyber-Security

Worrying statistics have found that 43% of all cyber-attacks target small businesses. These figures point to other precarious facts, for instance: about half of all small businesses don’t survive the first cyber attacks. Continue reading Using Behavioral Analytics to Boost Business Cyber-Security

How Do You Analyze Correlation?

You may know how to use cause-effect diagrams and scatter diagrams to identify the causes of problems and to quantify the impact of solving those problems. Before you try to understand control charts, you need to understand the concept of correlation and how to analyze correlation between variables data. Continue reading How Do You Analyze Correlation?