Analytics


Trumped up Predictions: Why Nate Silver Missed the Mark on the GOP Nomination

Writing about Donald Trump—especially nowadays—is likely to incite a heated discussion and lose you friends. Whether or not you’re for or against him and his politics, it’s interesting that so few of the political bigwigs managed to foresee that he would get this far. Specifically, Nate Silver and his statistical […]


How To Use Excel for Seasonal Forecasting

If you have years worth of sales data, you can use that data, with the help of Excel, to predict upcoming trends and help you plan for your business. Forecasts can help you with important business decisions, such as managing staff and inventory, planning budgets, and predicting cash flow issues. […]


The Leicester Fluke – What went wrong with the Predictive Model 1

The 2015/16 English Premier League finished off with an unlikely champion. Leicester City football club emerged victorious this season despite their not-so impressive record in the past. In a podcast episode of More or Less Tim Harford explores why Leicester City’s win came as a surprise.


Budgets and Budget Cycles: How Long is Long Enough?

It goes without saying that a business can’t operate without a solid budget; the budget sets clear goals of income and expenditure for the entire body of the business, from top to bottom. There are many factors that go into determining your budget cycle length and the frequency of creating […]


Thinking of Going Into BI for your Organization? Read These 5 Steps First

There is an increasing number of organizations that are seeing the advantages of using relevant data in order to push their businesses to the top. A study dubbed The Data Directive done by the Economist Intelligence Unit has shown that there is a link between the use of quality data […]


Improving your Business Services with Business Intelligence Systems 1

Every business has to make business decisions. Some, like operational decisions, are made daily, while others, like strategic decisions, have to be made from time to time. In order to make a good business decision, it is important that the management relies on actual data and not only on assumptions. […]


Five Tips for Improving Performance Management, Increasing Employee Engagement and Boosting Your Bottom Line

Recent research has shown that high employee engagement is not just a nicety, but is fundamentally essential to an organization’s success and also directly linked to the bottom line. A new study conducted by IBM shows that a single percentage point increase in an organization’s Employee Engagement Index (EEI) adds […]


Five Steps To Transform Your Spreadsheet Only Processes

If your enterprise heavily relies on spreadsheets for data collection and analysis, your business may need a new solution. The spreadsheet only process was an excellent tool in the 1980’s before technological advances and cloud-based performance management tools emerged. The challenges businesses face today are numerous and complex, without dealing with […]