NEWS

How to turn customer data into an asset

Nowadays, companies gather oceans of personal data and payment information from customers. Once you contemplate the danger of data breaches and the ensuing penalties, you realize the existence of your company is tied to the way you deal with customer data. Therefore, you need to see it as an asset instead of a liability, and here’s how to accomplish this.

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The significance of big data for complience

The majority of businesses have to deal with big data and analyzing it is the hardest part. Due to frequent cyberattacks and recent data breach scandals, stricter regulations to ensure their safety started to appear. As a result, businesses that wish to benefit from big data opens must establish a way to analyze data appropriately and avoid breaches.

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Data analytics: an investment that leads to success

According to a SaS report, 72% of organizations are benefiting from analytics, reporting that it helps them glean actionable insights. The study responders mentioned other advantages such as less time spent on data preparation, more confident decision making, faster achievement of insights, and so on. 

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The advantages and drawbacks of BI dashboards

BI plays a major role in the vitality of almost every business today. Dashboards are instrumental in the process because they visualize complex information and make it user-friendly. They consolidate data from many sources into one comprehensible custom sheet that highlights the performance within the whole company.

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Health care is one of the industries that need BI the most. Here’s why

The health care industry experiences an increase in the volume of data as a result of the rapid digital transformation. Now that the clinical data is available to the public, and electronic health records exist, amassing and analyzing patients’ data is much easier. Implementing BI to leverage this information may be the game-changing solution that will bring about much-needed change.

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