B.I.- Bright Ideas, Business Intelligence

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Business Intelligence or BI is about throwing up new insights based on existing data and helping you do things better or faster. One of its best benefits of BI is how, with the right solution, you can get a quick snapshot of your overall performance. With the right tools, a company can measure employee performance, identify trends, and create better, smarter strategies. The data collected from BI can become very useful and change how decisions are made.

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How can organizations encourage more effective use of business intelligence? Company leaders should step up and engage their subordinates to business intelligence so they can make the most out of the collected data.

First, cut through the mound of data. Data is good, but not all data is relevant. Going through so much data which can be irrelevant can overwhelm your users and discourage them from making an attempt. Leaders should actively participate in delivering data to each department rather than handing employees everything and asking them to figure them out. The data handed out to them should work for them and not create additional work for them.

Second, the benefits of business intelligence should be made clear. It is great for measuring past performance and identifying trends but for employees who are more concerned with present, pressing matters in the office, they don’t usually pay attention to these. The organization can implement active alerts for these employees so they can be notified when the data reveals unusual events and relevant statistics.

Third, keep it collaborative. People should discuss what they see or observe as they might not have a full understanding of the data in front of them. Discussions between employees and departments should be encouraged so that they can have additional ideas and explain the why behind the what of big data.

Which would be more appropriate, a rewards program or a punitive on?A reward program would be more appropriate than a punitive one when trying to promote the use of Business Intelligence tools. This would help in encouraging more employees to make use of the available tools for them and use it to its fullest. It is also very important to recognize those who have shared on the effective use of business intelligence.

It is important to have a positive experience when using business intelligence tools or something rewarding. This is for them to realize the true value of these tools and not because they feel obligated to use them to avoid punishments.

References:

https://www3.technologyevaluation.com/research/article/rewards-and-recognition-vendor-achievers-uses-data-to-help-companies-improve-employee-engagement.html

http://bigblue.digital/rhg/blog/september-2016/business-intelligence-changes-company-culture

https://www.business.com/articles/how-leaders-can-use-the-millennial-boom-to-revamp-their-business-intelligence-programs/

http://middlemarketexecutive.com/5-ways-encourage-business-intelligence-engagement-employees/%5D

https://misflomombay.wordpress.com/2014/02/11/empowering-the-use-of-business-intelligence-tools/

ONLINE BEST BUYS

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Online shopping has become a wide hit since its introduction to the mass market. It has fueled the interest of many especially those who are active in the social media and in the internet per se. Because of the numerous advantages and benefits, more and more people say they would chose online shopping over brick and mortar stores nowadays.

There may be various reasons as to why many people choose to shop online now but here are some of them:

  1. They can search for exactly what they want– With this, it offers people an easier way to search for exactly what they want at a click of a button. Suppliers get customer data online via their online searches and with this they easily get insights of what customers want.
  1. No crowds or queues– For those who do not like falling in line or avoid the crowd, online shopping is a great option for them. So, even if online customers understand that they will not receive it immediately, it is important for an online shop’s admin to offer a range of delivery options to customers. This is to satisfy impatient customers.
  1. Shopping convenience– It provides flexibility because with the internet being available 24/7, people can connect anytime and check out items they feel like buying. With social media and e-newsletters, it makes it possible to connect with customers during times they are most likely to buy, take for example, during paydays.
  1. Easy comparing of prices and reviews– With online shopping, consumers can easily compare prices and read reviews before making a purchase. It is said that at least 81% research their purchases online before they commit to buy.

 

With the many options of items that can be bought online, not all can be a good catch. Some things are better to be bought the conventional way.

If there were three things that I can say best be bought online, those would be shoes, books and consumer electronics like laptops.  One of the main reasons would be the amount. These things, when bought online, usually are sold at lower prices. Another factor, many of these products are sold with free shipping and also free return and exchange. Lastly for the likes of shoes, not all items can be found in our malls if you are looking for one, specific style and it can be provided by trusted, online sellers.

For items that would make me think first before buying, those would be small to medium sided appliances, clothes and food and groceries. Usually, these things are those that can be easily found in malls and stores within our area and for these items, I would rather take my time to go to the mall and check out these items. For clothes, I believe the idea of having to see and feel the clothes first or check if the appliances are working properly before buying outweighs the convenience of buying online.

Lastly, if there are three things I would never consider buying online those would be large appliances, luxury designer goods and make-ups. The reason would be very simple. For these certain items, it is best to inspect the quality of the product. Are you getting the exact value of what you are paying? Also, for items like luxury designer items and make-ups, there are high chances that you get knock offs from buying online so it is best that they be bought first hand.

There is so much comfort one can get from buying online. It is like the world is in your hand but one must always remember to be very vigilant when making these purchases so as to be sure that every peso spent is well worth it.

 

References:

http://netonomy.net/2013/05/10/5-reasons-customers-will-shop-online-price/

http://upstreamcommerce.com/blog/2012/02/14/8-reasons-consumer-likes-shop-online

https://www.business.com/articles/retail-or-e-tail-buying-online-vs-buying-in-person/

http://www.msn.com/en-us/money/spendingandborrowing/5-best-and-worst-things-to-buy-online/ar-BBlLq4W#page=10

 

WIRELESS NETWORKS- OPPORTUNITIES ABOUND

 

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With the birth of the internet age, people get so many uses out of it. Opportunities abound because distance doesn’t hinder the fact that you can reach anyone, anytime as long as you have internet connection

Wireless network technology plays a big role in businesses nowadays. As said earlier, one can take advantage of different opportunities wireless technology offers. What are some of these opportunities? Let us take a look:

  • Financial Savings– It could be one of the most notable advantages one could get from wireless technology. When before, some tasks needed large sums of money to be fulfilled to make a business work, now with just a click of a finger for a few pennies, business communication is achieved. This helps a great deal especially for small businesses to at least compete with larger organizations in the global market.
  • Expediency– because of the advent of wireless technology, business communication has increased in the speed in which business is being conducted. It also helps them connect to clients and customers from remote areas.
  • Specialized Employment– Because of the improvement of technology, jobs that never before existed have been created. This opened more opportunities for people to be employed.

So those are the opportunities provided by wireless network. Everyday, businesses are learning more ways on how wireless technology can be used to increase their productivity and become more profitable. With these advantages within reach to anyone, one should grab the opportunity to use it to its fullest.

One of the ways is thru networking and communication. Wireless technology allows companies to have unlimited connectivity to employees, vendors and/or customers. Organizations can take into account the use of different portals and social platforms like LinkedIn, Facebook or Twitter or they can also choose to have web-based applications to enable direct communication to a vast audience.

Because of the interactive nature of the internet, organizations can also get immediate feed backs from the public, acquire some information they need without spending too much which can make research and development much easier and quicker for companies. This is important in being steps ahead of any competitor. This also m=help make clients and customers feel that they are important and directly involved in the company’s development.

Wireless technology introduced a new aspect of advertising and marketing for businesses. For internet users and smartphone users, they become potential consumers of these products and services via the ads being shown.

But with these pros, it also comes with cons. Using of wireless networks make your data prone to cyber-attack. To prevent this, here are some things one can do to protect it:

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  • Change your password regularly– in most offices, we are required to at least change our passwords regularly. Not changing them makes it incredibly easy for anyone who gets access and mess with the settings.
  • Disable the wireless network when not in use– This closes the window of opportunity for hackers to use it.
  • Be up to date– Software is an important part of the wireless network security. Unpatched software functions as an open invitation for cyber criminals who know how to exploit these.
  • Protect your devices– Even when your router is protected, it doesn’t end here. Check which devices connect most often to your home network and make sure they have antivirus and anti-spyware security software installed.

Keeping all these in mind will make using wireless networks more positive for you and reach the full potential of your organization.

 

References:

http://smallbusiness.chron.com/business-value-wireless-technology-904.html

http://smallbusiness.chron.com/advantages-technology-business-communication-2824.html

http://www.strategicgrowthconcepts.com/growth/increase-productivity–profitability.html

http://www.kstech.com/blog/how-your-business-can-take-advantage-of-these-4-mobility-trends

https://heimdalsecurity.com/blog/home-wireless-network-security/