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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The ROI from analytics – it’s all about the door

Land of hype and glory A recent conversation with an IT analyst was fascinating.   She suggested that, as far as big data analytics were concerned, if we want to put our exciting new skills to the test, the sectors we need to focus upon are retail, financial services and higher education.   The hype and the

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Old ways to win back time

A recent post of ours on LinkedIn received some welcome ‘likes’ in response.    It was good to know that it was well received. The post referred to an article recently published which was co-written with Jamie Stentaford from the Affinity Sutton Group.    It was called ‘Management Accountants as catalysts for change’.    Those who liked the piece were almost

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