The value of data is continuously increasing and data is becoming an important asset in companies, but only if companies use the data to improve business performance. To create a data-driven culture where decisions are made based on data, it is important to have secure data sharing capabilities, so that the right data reaches decision …
Business Intelligence (BI) has become an important part of most businesses. BI powers decision making, encourages smart and fact-based decision-making, improves business productivity, and facilitates access to critical information. Trending is also more complex BI that is dependent of real-time data and machine learning. However, BI can never be more right or wrong than the …
No Business Intelligence without data governance Read More »
Analyzing data to make informed and insightful business decisions is not a new concept. However, making such decisions is more complex, as data is being generated and collected on an ever-increasing scale. As a result, data analysis using more advanced techniques such as artificial intelligence becomes a necessity. At Decision Labs, we implement advanced decision-making …
Combine Business Strategy with Artificial Intelligence to Increasing Business Efficiency Read More »
Digitalization drives the development of a fierce competitive landscape Digital penetration is helping to improve efficiency in virtually every business activity imaginable. In many cases, its benefits have been dramatic and obvious enough that companies have quickly adapted or become obsolete. This development has made it harder for companies to differentiate their products and services, …
All decisions concern future operations. When a company prepares decision-making materials for important matters, macroeconomic trends such as unemployment, consumer confidence indices and purchase prices must be taken into account. Each business must pay attention to the economic environment they are operating in to use the effect of these trends to its advantage. Each company …
Data-driven Decision-making to Reduce Biased Decisions Read More »