Updated on September 21, 2023
Working with small and medium-sized businesses (SMBs), I know how challenging it can be to manage data effectively. However, identifying and utilizing the right data with the right tools can significantly impact the success of an SMB. Let’s explore six data points that SMBs should focus on to improve their business operations. Sales Data- Your…
The importance of making informed decisions impacts your company’s financial performance. Small business owners need access to accurate and current financial data to identify trends, track performance, and make informed decisions about where to invest their financial resources. Data analytics are a critical factor. According to a study by the Small Business Administration (SBA), small…
The potential impact of machine learning is powerful for small business data analytics. Companies big and small are collecting loads of “big data” with ever-increasing needs for actionable insights. This has made machine learning a valuable tool for businesses looking to grow and compete. However, with great power comes great responsibility, and it is important…
Retaining top talent and increasing workforce productivity are two major concerns, particularly for SMBs. The current job market is highly competitive and many of the top candidates are extremely choosy. Additionally, retaining the right employees is critical to the success of any business. However, most companies have access to a wealth of human resources data…
Small businesses come in all shapes, sizes, and markets, but they all play a vital role in our economy. One of the keys to the success of all businesses, but particularly small businesses, is a deep understanding of their customers. Analyzing all aspects of customers’ behavior and interaction with a brand can help a small…
There are many analytics tools and platforms out there, making it sometimes difficult to choose what works best for your purposes. Power Bi is one tool worth exploring. It is a business intelligence tool that includes powerful visualizations for meaningful data analysis. With Power BI, you can easily connect to a wide range of data…
To truly be a data-driven organization, there must be a well-developed data culture in the company, from the highest-level leaders to those working in the trenches. This is true whether you have a super-small company or a very large enterprise. Data must be accessible to all stakeholders who not only can get their hands on…
Many are turning to the cloud for all kinds of software solutions. Data analytics is no exception. Cloud-based programs have some key benefits. They can provide you with real-time access to data culled from a variety of sources and integrate them in one place. They can allow for multiple users to view and interact with…
It’s that time of year that people are starting to make their new year’s resolutions to get fit. Gyms across the country are using that data and information to do some targeted marketing, offering sign-up incentives for new memberships and discounts to renew. They know the historical trends that are replicable over time and take…