Spreadsheets have been around since the early 1980s and the basic concept has remained the same with rows and columns that can contain data and calculations. It is a very powerful concept that allows for advanced calculations and analysis. But with collaboration around data and analysis becoming increasingly important, and the dramatic increase in the …
DAX, or Data Analysis Expressions, is a formula language used to define calculations and measures (terminology to define row calculations) used to analyze and transform data in Power BI. It is a powerful and flexible script/programming language that allows users to create complex calculations and perform advanced data analysis tasks. The power of DAX becomes …
Excel is by far the most utilized spreadsheet and data tool in the world with over 1 billion instances in use. It can be argued that Excel is one of, if not the most user-friendly spreadsheet tools in the world. Most business professionals are familiar with Excel and Excel has served as a traditional data …
There are dozens of important metrics a company needs to track and understand to build a successful business. From acquisition cost, sales revenue to the churn rate and many more, these metrics help companies stay on track as the business grows. If you are not tracking your metrics, surprises can happen that will harm your …
Knowing and understanding your customers is an important key to a company’s success. By understanding patterns of how customers work, how they use provided products or services, act on pricing and so on, a company can effectively meet customers’ needs and preferences and thus improve delivery to customers. However, obtaining an understanding of every customer …
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 …
In the business world, classical financial auditing serves the important purpose of providing an external opinion as to whether financial statements are correct and have been created in accordance with relevant international and national standards and regulations. As such, financial auditing ensures both external compliance and correctness, so that internal operational decisions can be made …
Towards Auditing Modern Data-Driven Decision Making 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 »