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7 Ways Small Businesses Use Data Analytics for Expense Tracking

Smart Data Collective

This could help many cash-strapped businesses become more resilient during this horrifying recession. Big Data is Vital to the Survival of Countless Businesses. With increasing uncertainty and evolving consumer demand, running a business seems like an enormous challenge.

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How ASEAN Retailers Can Become insight driven with a Hybrid Cloud data strategy

Cloudera

A recent study showed that retailers realized ten years of digital sales penetration in the first three months of 2020 as they have in the last ten years. ASEAN retailers are rapidly digitizing and embracing hybrid cloud to traverse the uncertainty of a post-COVID-19 world. Making Hybrid Cloud Work for Data-Driven ASEAN Retailers .

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Crisis Creates New Opportunities for Data-Driven Businesses

Sisense

Sisense recently surveyed 500 companies to understand how they leverage data and analytics usage and the impact on future plans; the results reinforce how critical analytics are to businesses during times of crisis. Analytics are essential in a crisis. This can be disorienting but also empowering.

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Fact-based Decision-making

Peter James Thomas

The situation it describes may seem farcical, but it is actually not too far away from some extrapolations I have seen in a business context. For example, a prediction of full-year sales may consist of this year’s figures for the first three quarters supplemented by prior year sales for the final quarter.

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Why Construction Businesses Should Track KPIs to Conquer Economic Uncertainty

Jet Global

Due to the Infrastructure Investment and Jobs Act of 2022 in the United States, nonresidential construction is expected to continue expanding despite expected uncertainty in 2023. Δ The post Why Construction Businesses Should Track KPIs to Conquer Economic Uncertainty appeared first on insightsoftware. Want to learn more?

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What is Cash Flow Forecasting?

Jet Global

By accurately predicting cash flows, businesses can make informed decisions about cash allocation, investment strategies, and risk mitigation, optimizing their treasury operations. By having a clear understanding of their future cash position, businesses can implement risk management strategies to protect against potential adverse events.

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Five Features to Seek When Shopping for a Scenario Modelling Tool

Jet Global

Organizations need the ability to efficiently plan for uncertainty and respond to these fluctuations in the market. No high pressure sales pitch. Interested in Business Analytics and Dashboards. Thinking about what ifs is actually key to a successful budgeting and planning process. Interested in Financial Reporting.