Smaller businesses can make great use of data as well

When we read about using data in business, whether it’s to find better ways of working, or to locate the next customer, it generally refers to the bigger businesses. But every business has data that it can use.  And smaller businesses in particular can gain great advantage by making smart use of their data.  This

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The predicted demise of the Accountant may be premature

In their report ‘Where machines could replace humans—and where they can’t (yet)’ the consulting firm McKinsey & Company looked at the extent to which human activity in the workplace could be replaced by automation. The somewhat sobering results are shown below.  E.g. anyone involved in Data Collection and Data Processing can expect to lose two

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Using data to make better business decisions

One of the key factors determining how quickly a business grows is the ability to make critical decisions e.g whether to invest, purchase another business, reduce staff numbers. They rank amongst the hardest things that Business owners and management teams will do. The consequences might be significant, there could be severe time pressure, and there

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Develin announces their new and innovative Forecasting and Analytics Service

Making business intelligence and financial modelling more accessible. A major obstacle to businesses growing is a lack of relevant, timely, and forward looking management information & business intelligence. For example, forecasts that trigger smart decisions about when to invest, which lines of business to focus upon, whether to change prices. Also, information that moves everyone

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Picturing what matters

The infographic above explains why an engineering and maintenance company was experiencing threadbare profits on one of its major contracts with a corporate client. This information could have been presented in a report.   But it would probably have been barely noticed. However, because it was expressed through an infographic, people across the business, from all

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Changing the way you see your business

According to research at Sheffield Hallam University, comics are a better educational resource than traditional textbooks.   When information was presented to Undergraduate students using cartoon infographics they remembered more of it than when it was presented in a traditional text book format. It’s long been known that we respond better to visual images than the

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Clear visualisation gives you the confidence to keep it simple

According to the American Bureau of Labor Statistics, in 2015 American men had, on average, almost 6 hours of ‘leisure time’ per day.   Unsurprisingly perhaps women had less, a little over 5 hours.   We haven’t found any comparable figures for the UK but they would probably be similar. The figures are undoubtedly correct, but they

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Santa’s analytics

Much has been written about Santa’s achievements on Christmas Eve in terms of the distance and speed that he travels, the weight of gifts that he delivers, and the number of mince pies that he consumes along the way.   But without an impressive array of Artificial Intelligence algorithms underpinning his efforts, none of it would

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Data science preventing homelessness

This week the Prime Minister and Communities Secretary announced a £40 million homelessness prevention programme, with an emphasis upon ‘innovative methods and seeing what works’. The Homelessness Reduction Bill is following close on its heels.   This will place a duty of care upon Local Authorities to prevent homelessness.   Housing Associations haven’t yet been mentioned but

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Picturing data

More data can mean fewer words One of the great things about the steady growth in data held by businesses is that there are ever-more imaginative ways to illustrate the problems that need to be fixed. If we just use words to describe a problem, they become just another set of paragraphs in a report

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