Phocas Software

  • If you are new to data analytics, it can be difficult to know where to start. There is so much information out there that can be difficult to understand for people without an IT degree or years of experience with analytics solutions. This blog aims to lay out the most important aspects data analytics for an average user within a retail, distribution or wholesale business.

  • As more companies turn to data to increase profits and improve efficiencies, there is an increasing number of business intelligence (BI) providers emerging. In a , we looked at factors to consider when choosing a BI solution that fits your needs. As a customer, you need to find the right solution for you and your business.

  • With tight margins and increased competition, is your food and beverage business leveraging data to stay ahead? Find out the 3 signs that indicate you need a business intelligence (BI) solution to answer one of your most important business questions.

  • Many businesses will host planning sessions that serve to inform the business strategy for the coming year. One of the main components of strategy planning is historical data, which gives key decision makers a comprehensive snapshot of the business’ performance to ensure they make informed decisions about their strategy, and set goals that are realistic.

  • For a growing business to remain competitive, it’s important to regularly track how its company-wide goals are progressing. Setting key performance indicators (KPIs) is one of the easiest ways to do this.

  • Implementing a Business Intelligence (BI) solution can help streamline operations, create effective strategic plans, increase productivity, and boost sales. However, getting employees to adopt a new solution is often challenging. This is especially true for those who aren’t tech-savvy or have a natural resistance to change. Today’s blog will discuss strategies to encourage employee adoption.

  • Great leaders aren’t born, they’re created. As a manager, you develop basic leadership skills, and through experience and personal development, you can become a great leader.

  • The ability to turn raw company data into actionable intelligence is at the core of today’s successful businesses.

  • Understanding the reasons behind lost sales is critical to stopping the leak and increasing sales in the future. Performing a lost sales analysis is one of the best ways to identify where improvements to your sales strategy are needed. This blog will explore the benefits of using your business data to evaluate lost sales.

  • Business intelligence (BI) is no longer the new kid on the block, but when it comes to analyzing data it is still the most reliable.

  • Despite sharing a common goal of increased sales, many companies find their sales and marketing departments to be out of sync.

  • To remain competitive in today’s marketplace it is crucial that a business has the ability to transform vast amounts of data into actionable information in the form of Business Intelligence (BI).

  • Due to budget and time constraints, some managers believe business intelligence (BI) will not be worth their investment. They may believe they are saving the company money, when it fact there are specific ways the failure to implement BI will cause the business to lose money. This blog will examine a few of those costs.

  • Data analytics is the key to remaining competitive in today’s marketplace

  • “We are drowning in information but starved for knowledge” according to best selling author, John Naisbitt. Today’s businesses have the ability to collect an extraordinary amount of information on everything from customer buying patterns and feedback to supply chain management and marketing efforts. Are you drawing value from your data?

  • Consumer goods businesses typically have a large variety of products and a high turnover rate. With an abundance of fast moving stock, how can you use data to your advantage?

  • When businesses face challenges gaining value from a business intelligence (BI) solution, it may seem like the software is causing more trouble than it is worth. However, the challenges are often not due to the business or to the software alone, but rather due to the mismatch between the two.

  • A business that brings in new customers, but is poor at retaining existing customers, is not likely to be operating at optimal performance.

  • A growing business must focus on things like marketplace demand, customer service, and sales margins, to name a few. However, executives should also take care to foster a strong company culture that will help ensure business success.