With data management and analysis becoming such an integral part of a business’ success, it’s easy to solely focus on the exciting aspects of the vast data that can be attained. Despite the potential of data analytics as a field, it’s important that data scientists and analysts understand the ethical implications of using that information. […]
Managing data correctly and as efficiently as possible is crucial for all businesses as data is the very basis of what organisations are built upon. It covers clients, contacts, employees, forecasts, investors/investment, past business failures, past business successes, and lots more meaningful information that, when managed correctly, can help to grow an organisation and minimise […]
While futurists talk about Artificial Intelligence and robots ruling the workforce, the HR industry has a challenge that is much closer to home. Digitising recruitment and retention processes is critical in today’s hot talent market in order to strike the delicate balance between maximising profit and retaining the best staff. This fact is amplified for […]
The brains behind Sydney-based startup Energy Bill Doctor are on a mission to provide consumers with a more complete picture of their energy costs and usage, via data analytics, while also driving the uptake of energy efficient solutions. Founded by Tim Wolfenden and Andrew Long, Energy Bill Doctor is a free online energy comparison tool that enables […]
AI should be used to augment the abilities of data analysts, rather than replace them entirely, according to Francois Ajenstat, an ‘assistive intelligence’ advocate and the Chief Product Officer with data visualisation platform Tableau. He spoke to Dynamic Business (DB) about the value businesses can derive from adopting AI-powered tools. DB: Investment in AI is predicted […]
Getting paid: one of the toughest issues every small business owner faces. As if building a great reputation, creating a stellar client list and securing sales isn’t hard enough – sometimes weeks go by and business owners are still waiting to see the money in the bank. Last year, data from MarketInvoice highlighted Australia as one of the […]
Big data and business analytics are set for double digit growth, with the global market forecasted to grow to more than $203 billion in 2020, up from $130.1 billion in 2016, according to IDC. Moreover, small and medium businesses (SMBs) in particular are predicted to continue to increasingly invest in big data and business analytics, with […]
The days of the CFO sitting in the corner office counting beans are long gone. No longer just the most senior accountant, today we look to our finance leaders to embrace digital technologies and use data analytics to drive consistent and measurable growth for our business. Modern CFOs are increasingly expected to be key drivers of […]
Imagine having complete visibility across your business to quantify exactly how and where resources are being used, so you are always ready to seize new opportunities. In an age of data, this is not wishful thinking. We already have all the information. We just need to understand it. Translating Raw Data The raw data exists, […]
Big data is no longer the sole domain of large enterprises – small-to-medium businesses (SMBs) that leverage data effectively can gain significant competitive advantages. Almost all businesses now collect data to some extent. However, many businesses are still overwhelmed by the sheer volume of data available to them and they wonder how to make sense of […]
