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Showing posts from February, 2023

Performance Measurement Using Predictive and Proactive KPIs

  Performance measurement is crucial for any business as it enables managers to track progress, identify areas for improvement, and make informed decisions. However, the traditional approach to performance measurement may no longer be enough. With the increasing pace of technological advancement, businesses need to shift from a reactive approach to a proactive and predictive one.  One way to achieve this is by using predictive and proactive KPIs.  SMART KPI   metrics can also help. In this blog post, we will explore the concept of predictive and proactive KPIs and how they can help businesses achieve their performance objectives. Key Performance Indicators (KPIs) A KPI is a measurable value that helps organizations track their progress toward achieving a specific business objective. KPIs come in different forms, and one way to classify them is based on their orientation. There are two types of KPIs: predictive and proactive KPIs. Grow’s  KPI dashboard   has...

Analytics & Decision Intelligence for Macroeconomic Changes

  As a business owner, staying up-to-date on macroeconomic changes is crucial to making informed decisions to help your business thrive. It is essential to understand the impact of macroeconomic changes on companies and track these changes regularly to make strategic decisions. In this blog post, we will explore how  business dashboard software  can help businesses make better decisions in response to macroeconomic changes.  Macroeconomic Changes and their Impact on Businesses Macroeconomic changes refer to changes in the overall economic conditions of a country or region. These changes can significantly impact businesses, ranging from increased competition, fluctuations in demand, supply chain disruptions, and changes in regulatory requirements. For instance, floods or drought might create significant disruptions in the global economy, resulting in supply chain disruptions, reduced consumer demand, and business closures.  Tracking macroeconomic changes can help...

Augmented Analytics: How AI is Changing BI for Complex Data

  Now more than ever, businesses in the digital age are amassing vast amounts of information. This vast amount of  data is incredibly valuable  for companies to make informed decisions, but it can also be challenging to manage and analyze. This is where Business Intelligence (BI) tools come in - they provide businesses with powerful insights into their data, helping them make smarter decisions.  However, as data becomes more complex, traditional BI tools are struggling to keep up. Augmented Analytics is a ready solution to all our modern  Business Intelligence dashboard  problems.  What is Augmented Analytics? Augmented Analytics is a new generation of  Business Intelligence tools  that leverages artificial intelligence (AI) and machine learning to enhance the process of data discovery, analysis, and insights generation. Unlike traditional  Business Intelligence software , Augmented Analytics tools can analyze complex data from multiple ...