Data analytics adds significant business value – Canadian Investor

  • 📰 CanadiansInvest
  • ⏱ Reading Time:
  • 42 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 59%

Business News News

Business Business Latest News,Business Business Headlines

Data analytics adds significant business value - CanadianInvestor CanadiansInvest

Data analytics is receiving vast amounts of attention in the trade press, on many websites and at conferences. References are even spilling into the mainstream media.

Data analytics increases ROI because it reduces the time to business value for these initiatives. Examples include net income trend analysis, project progress and schedule risk reporting, cost forecasting and competitor performance analysis.Structuring your data analytics projects to deliver new visible capabilities every 90 days to remind stakeholders of the value you’re delivering.

You can ensure data analytics adds tangible business value by focusing on the only two measures that matter:Reduce cost or increase margin by using data analytics to find real opportunities. Help the company stop guessing what opportunities might be real and stop addressing counterproductive ideas. Stakeholders have no way of knowing if the project sponsor’s or the project team’s business value assertions are being exaggerated.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 53. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Recession proof your business – Canadian InvestorRecession proof your business - CanadianInvestor CanadiansInvest
Source: CanadiansInvest - 🏆 53. / 59 Read more »

Audit industry regulator says a Big Four accounting firm continues to have problems in its workThe Canadian Public Accountability Board says the unnamed firm had ‘significant findings’ in more than 20 per cent of its audits.
Source: globeandmail - 🏆 5. / 92 Read more »