NetWorthy Systems Blog

Businesses today are doing more than ever to utilize the data they take in, and it shows. They are operating with more knowledge about their business, and thus are able to successfully create a usable knowledge base that, for some, will allow them to predict positive and negative market dynamics fairly accurately. After seeing how this platform can positively affect individual businesses, many other businesses are taking to the strategies. The problem that many businesses encounter, however, is that they are woefully unprepared to utilize analytics; or, they read too far into them. Today, we’ll take a look at data analytics and confront some of the problem's businesses are having.

In our previous blog article, we introduced you to Chris Dancy, aka "The Most Connected Human on Earth." We told you Chris' story, how the former IT manager lost his job due to corporate downsizing and then turned to quantitative technology to find relevance in an ever-changing work environment. Today, Chris utilizes hundreds of different technologies and systems as part of his "quantitative life existence." In part two of our interview with Chris, he explains how you too can be a connected human.

Managing your businesses technology is important because your operations rely heavily on efficient access to information. One advantage that secure and reliable IT provides is the ability to remain competitive, as the slightest advantage could mean a world of difference in your given market. One new IT trend is the analysis of big data. If it is leveraged properly, you could help your business get the leg up on local competition.

Inefficiencies can often keep operations from producing a satisfactory return. It might be time to start measuring your company’s ability to meet expectations. With the use of state-of-the-art computing programs, you can locate the problems your organizations is having and work toward patching the process any way you can. While data-collection was once a difficult system to implement, new computer-driven, business-intelligence software can provide you with the vital answers you need to make the changes required for profitability.

Today’s technology has accomplished a ton of fascinating things, but none are more important for the average business than big data analytics. When considering the incredibly competitive nature of the business environment, anything that gives your company an edge is a welcome addition to your strategy, and it’s more important than ever before to heed this call to action.

According to a recent survey by IDG Research Services of business and technology leaders, on average, only 28 percent of data stored and maintained has value to the day-to-day operations of a business. Translation: a whopping 72 percent of files stored by a business are useless.

One of the best ways to leverage technology in order to make your business more profitable is to take advantage of the latest trends. 2014 presents business owners with dynamic new trends that are improving operations and providing the competitive edge. Over the next week we will highlight three of the most important trends that your business can take advantage of, beginning with Business Intelligence Analytics.