Innovative Data Strategies: Leveraging AI For Smarter Enterprise Operations
Aug 14, 2024,10:15am EDT
From Hidden Energy To High Performance: How To Engage Introverts To Optimize Workplace Dynamics”,”scope”:{“topStory”:{“index”:1,”title”:”From Hidden Energy To High Performance: How To Engage Introverts To Optimize Workplace Dynamics”,”image”:”https://specials-images.forbesimg.com/imageserve/66bb9eaf2f4db016e24d098c/290×0.jpg”,”isHappeningNowArticle”:false,”date”:{“monthDayYear”:”Aug 14, 2024″,”hourMinute”:”10:15″,”amPm”:”am”,”isEDT”:true,”unformattedDate”:1723644900000},”uri”:”https://www.forbes.com/councils/forbestechcouncil/2024/08/14/from-hidden-energy-to-high-performance-how-to-engage-introverts-to-optimize-workplace-dynamics/”}},”id”:”3cdprf7g2i5000″},{“textContent”:”
Aug 14, 2024,10:00am EDT
ETL (Extract, Transform and Load) Definition: What does ETL mean
The Best Recipes For Human Connection In Healthcare Combine Digital And Analog Ingredients”,”scope”:{“topStory”:{“index”:2,”title”:”The Best Recipes For Human Connection In Healthcare Combine Digital And Analog Ingredients”,”image”:”https://specials-images.forbesimg.com/imageserve/66bb9df512367aad52f0b0e5/290×0.jpg”,”isHappeningNowArticle”:false,”date”:{“monthDayYear”:”Aug 14, 2024″,”hourMinute”:”10:00″,”amPm”:”am”,”isEDT”:true,”unformattedDate”:1723644000000},”uri”:”https://www.forbes.com/councils/forbestechcouncil/2024/08/14/the-best-recipes-for-human-connection-in-healthcare-combine-digital-and-analog-ingredients/”}},”id”:”2g9401pdpj3g00″},{“textContent”:”
Aug 14, 2024,09:45am EDT
Overcoming The Challenges Of Using AI Chatbots In Healthcare”,”scope”:{“topStory”:{“index”:3,”title”:”Overcoming The Challenges Of Using AI Chatbots In Healthcare”,”image”:”https://specials-images.forbesimg.com/imageserve/65eb37f10a2278925e9cdb57/290×0.jpg”,”isHappeningNowArticle”:false,”date”:{“monthDayYear”:”Aug 14, 2024″,”hourMinute”:”09:45″,”amPm”:”am”,”isEDT”:true,”unformattedDate”:1723643100000},”uri”:”https://www.forbes.com/councils/forbestechcouncil/2024/08/14/overcoming-the-challenges-of-using-ai-chatbots-in-healthcare/”}},”id”:”62f7h6f11km000″},{“textContent”:”
Aug 14, 2024,09:30am EDT
Extract, transform, load (ETL) – Azure Architecture Center
Becoming A Multi-Product Business”,”scope”:{“topStory”:{“index”:4,”title”:”Becoming A Multi-Product Business”,”image”:”https://specials-images.forbesimg.com/imageserve/65131d3bcb7a1fc00ce69c3b/290×0.jpg”,”isHappeningNowArticle”:false,”date”:{“monthDayYear”:”Aug 14, 2024″,”hourMinute”:”09:30″,”amPm”:”am”,”isEDT”:true,”unformattedDate”:1723642200000},”uri”:”https://www.forbes.com/councils/forbestechcouncil/2024/08/14/becoming-a-multi-product-business/”}},”id”:”9em1lk9cd1eo00″},{“textContent”:”
Aug 14, 2024,09:15am EDT
Analytic Trends Reshaping Delivery Optimization In Last-Mile Logistics”,”scope”:{“topStory”:{“index”:5,”title”:”Analytic Trends Reshaping Delivery Optimization In Last-Mile Logistics”,”image”:”https://specials-images.forbesimg.com/imageserve/6671beb282c978843a6a5fb3/290×0.jpg”,”isHappeningNowArticle”:false,”date”:{“monthDayYear”:”Aug 14, 2024″,”hourMinute”:”09:15″,”amPm”:”am”,”isEDT”:true,”unformattedDate”:1723641300000},”uri”:”https://www.forbes.com/councils/forbestechcouncil/2024/08/14/analytic-trends-reshaping-delivery-optimization-in-last-mile-logistics/”}},”id”:”3i6a864c5hl000″},{“textContent”:”
Reimagine Customer Experience, Risk And Regulation In Financial Services With AI”,”scope”:{“topStory”:{“index”:6,”title”:”Reimagine Customer Experience, Risk And Regulation In Financial Services With AI”,”image”:”https://specials-images.forbesimg.com/imageserve/63f90facfcef60e108d5759b/290×0.jpg”,”isHappeningNowArticle”:false,”date”:{“monthDayYear”:”Aug 14, 2024″,”hourMinute”:”09:00″,”amPm”:”am”,”isEDT”:true,”unformattedDate”:1723640400000},”uri”:”https://www.forbes.com/councils/forbestechcouncil/2024/08/14/reimagine-customer-experience-risk-and-regulation-in-financial-services-with-ai/”}},”id”:”40ogl34n020800″},{“textContent”:”
Aug 14, 2024,08:45am EDT
Are AI And BPO Natural Bedfellows?”,”scope”:{“topStory”:{“index”:7,”title”:”Are AI And BPO Natural Bedfellows?”,”image”:”https://specials-images.forbesimg.com/imageserve/66bb9ada3d7e765a91bfb70f/290×0.jpg”,”isHappeningNowArticle”:false,”date”:{“monthDayYear”:”Aug 14, 2024″,”hourMinute”:”08:45″,”amPm”:”am”,”isEDT”:true,”unformattedDate”:1723639500000},”uri”:”https://www.forbes.com/councils/forbestechcouncil/2024/08/14/are-ai-and-bpo-natural-bedfellows/”}},”id”:”4652j908q67g00″},{“textContent”:”
Aug 14, 2024,08:30am EDT
What is Business Intelligence (BI): Complete Implementation
Quantifying The ROI Of Generative AI With A Focus On Cost-Efficiency”,”scope”:{“topStory”:{“index”:8,”title”:”Quantifying The ROI Of Generative AI With A Focus On Cost-Efficiency”,”image”:”https://specials-images.forbesimg.com/imageserve/66bb9a38819d80a518672939/290×0.jpg”,”isHappeningNowArticle”:false,”date”:{“monthDayYear”:”Aug 14, 2024″,”hourMinute”:”08:30″,”amPm”:”am”,”isEDT”:true,”unformattedDate”:1723638600000},”uri”:”https://www.forbes.com/councils/forbestechcouncil/2024/08/14/quantifying-the-roi-of-generative-ai-with-a-focus-on-cost-efficiency/”}},”id”:”cmeqd98qj7fc00″}],”breakpoints”:[{“breakpoint”:”@media all and (max-width: 767px)”,”config”:{“enabled”:false}},{“breakpoint”:”@media all and (max-width: 768px)”,”config”:{“inView”:2,”slidesToScroll”:1}},{“breakpoint”:”@media all and (min-width: 1681px)”,”config”:{“inView”:6}}]};
Innovative Data Strategies: Leveraging AI For Smarter Enterprise Operations
Aug 14, 2024,10:15am EDT
From Hidden Energy To High Performance: How To Engage Introverts To Optimize Workplace Dynamics”,”scope”:{“topStory”:{“index”:1,”title”:”From Hidden Energy To High Performance: How To Engage Introverts To Optimize Workplace Dynamics”,”image”:”https://specials-images.forbesimg.com/imageserve/66bb9eaf2f4db016e24d098c/290×0.jpg”,”isHappeningNowArticle”:false,”date”:{“monthDayYear”:”Aug 14, 2024″,”hourMinute”:”10:15″,”amPm”:”am”,”isEDT”:true,”unformattedDate”:1723644900000},”uri”:”https://www.forbes.com/councils/forbestechcouncil/2024/08/14/from-hidden-energy-to-high-performance-how-to-engage-introverts-to-optimize-workplace-dynamics/”}},”id”:”3cdprf7g2i5000″},{“textContent”:”
Aug 14, 2024,10:00am EDT
ETL Development in Business Intelligence: Overview – Thinklayer
The Best Recipes For Human Connection In Healthcare Combine Digital And Analog Ingredients”,”scope”:{“topStory”:{“index”:2,”title”:”The Best Recipes For Human Connection In Healthcare Combine Digital And Analog Ingredients”,”image”:”https://specials-images.forbesimg.com/imageserve/66bb9df512367aad52f0b0e5/290×0.jpg”,”isHappeningNowArticle”:false,”date”:{“monthDayYear”:”Aug 14, 2024″,”hourMinute”:”10:00″,”amPm”:”am”,”isEDT”:true,”unformattedDate”:1723644000000},”uri”:”https://www.forbes.com/councils/forbestechcouncil/2024/08/14/the-best-recipes-for-human-connection-in-healthcare-combine-digital-and-analog-ingredients/”}},”id”:”2g9401pdpj3g00″},{“textContent”:”
Aug 14, 2024,09:45am EDT
Overcoming The Challenges Of Using AI Chatbots In Healthcare”,”scope”:{“topStory”:{“index”:3,”title”:”Overcoming The Challenges Of Using AI Chatbots In Healthcare”,”image”:”https://specials-images.forbesimg.com/imageserve/65eb37f10a2278925e9cdb57/290×0.jpg”,”isHappeningNowArticle”:false,”date”:{“monthDayYear”:”Aug 14, 2024″,”hourMinute”:”09:45″,”amPm”:”am”,”isEDT”:true,”unformattedDate”:1723643100000},”uri”:”https://www.forbes.com/councils/forbestechcouncil/2024/08/14/overcoming-the-challenges-of-using-ai-chatbots-in-healthcare/”}},”id”:”62f7h6f11km000″},{“textContent”:”
Aug 14, 2024,09:30am EDT
Becoming A Multi-Product Business”,”scope”:{“topStory”:{“index”:4,”title”:”Becoming A Multi-Product Business”,”image”:”https://specials-images.forbesimg.com/imageserve/65131d3bcb7a1fc00ce69c3b/290×0.jpg”,”isHappeningNowArticle”:false,”date”:{“monthDayYear”:”Aug 14, 2024″,”hourMinute”:”09:30″,”amPm”:”am”,”isEDT”:true,”unformattedDate”:1723642200000},”uri”:”https://www.forbes.com/councils/forbestechcouncil/2024/08/14/becoming-a-multi-product-business/”}},”id”:”9em1lk9cd1eo00″},{“textContent”:”
Aug 14, 2024,09:15am EDT
Analytic Trends Reshaping Delivery Optimization In Last-Mile Logistics”,”scope”:{“topStory”:{“index”:5,”title”:”Analytic Trends Reshaping Delivery Optimization In Last-Mile Logistics”,”image”:”https://specials-images.forbesimg.com/imageserve/6671beb282c978843a6a5fb3/290×0.jpg”,”isHappeningNowArticle”:false,”date”:{“monthDayYear”:”Aug 14, 2024″,”hourMinute”:”09:15″,”amPm”:”am”,”isEDT”:true,”unformattedDate”:1723641300000},”uri”:”https://www.forbes.com/councils/forbestechcouncil/2024/08/14/analytic-trends-reshaping-delivery-optimization-in-last-mile-logistics/”}},”id”:”3i6a864c5hl000″},{“textContent”:”
Aug 14, 2024,09:00am EDT
Reimagine Customer Experience, Risk And Regulation In Financial Services With AI”,”scope”:{“topStory”:{“index”:6,”title”:”Reimagine Customer Experience, Risk And Regulation In Financial Services With AI”,”image”:”https://specials-images.forbesimg.com/imageserve/63f90facfcef60e108d5759b/290×0.jpg”,”isHappeningNowArticle”:false,”date”:{“monthDayYear”:”Aug 14, 2024″,”hourMinute”:”09:00″,”amPm”:”am”,”isEDT”:true,”unformattedDate”:1723640400000},”uri”:”https://www.forbes.com/councils/forbestechcouncil/2024/08/14/reimagine-customer-experience-risk-and-regulation-in-financial-services-with-ai/”}},”id”:”40ogl34n020800″},{“textContent”:”
Aug 14, 2024,08:45am EDT
Are AI And BPO Natural Bedfellows?”,”scope”:{“topStory”:{“index”:7,”title”:”Are AI And BPO Natural Bedfellows?”,”image”:”https://specials-images.forbesimg.com/imageserve/66bb9ada3d7e765a91bfb70f/290×0.jpg”,”isHappeningNowArticle”:false,”date”:{“monthDayYear”:”Aug 14, 2024″,”hourMinute”:”08:45″,”amPm”:”am”,”isEDT”:true,”unformattedDate”:1723639500000},”uri”:”https://www.forbes.com/councils/forbestechcouncil/2024/08/14/are-ai-and-bpo-natural-bedfellows/”}},”id”:”4652j908q67g00″},{“textContent”:”
Aug 14, 2024,08:30am EDT
Quantifying The ROI Of Generative AI With A Focus On Cost-Efficiency”,”scope”:{“topStory”:{“index”:8,”title”:”Quantifying The ROI Of Generative AI With A Focus On Cost-Efficiency”,”image”:”https://specials-images.forbesimg.com/imageserve/66bb9a38819d80a518672939/290×0.jpg”,”isHappeningNowArticle”:false,”date”:{“monthDayYear”:”Aug 14, 2024″,”hourMinute”:”08:30″,”amPm”:”am”,”isEDT”:true,”unformattedDate”:1723638600000},”uri”:”https://www.forbes.com/councils/forbestechcouncil/2024/08/14/quantifying-the-roi-of-generative-ai-with-a-focus-on-cost-efficiency/”}},”id”:”cmeqd98qj7fc00″}],”breakpoints”:[{“breakpoint”:”@media all and (max-width: 767px)”,”config”:{“enabled”:false}},{“breakpoint”:”@media all and (max-width: 768px)”,”config”:{“inView”:2,”slidesToScroll”:1}},{“breakpoint”:”@media all and (min-width: 1681px)”,”config”:{“inView”:6}}]};
Innovative Data Strategies: Leveraging AI For Smarter Enterprise Operations
Aug 14, 2024,10:15am EDT
From Hidden Energy To High Performance: How To Engage Introverts To Optimize Workplace Dynamics”,”scope”:{“topStory”:{“index”:1,”title”:”From Hidden Energy To High Performance: How To Engage Introverts To Optimize Workplace Dynamics”,”image”:”https://specials-images.forbesimg.com/imageserve/66bb9eaf2f4db016e24d098c/290×0.jpg”,”isHappeningNowArticle”:false,”date”:{“monthDayYear”:”Aug 14, 2024″,”hourMinute”:”10:15″,”amPm”:”am”,”isEDT”:true,”unformattedDate”:1723644900000},”uri”:”https://www.forbes.com/councils/forbestechcouncil/2024/08/14/from-hidden-energy-to-high-performance-how-to-engage-introverts-to-optimize-workplace-dynamics/”}},”id”:”1e2kkfndmnmq00″},{“textContent”:”
Aug 14, 2024,10:00am EDT
The Best Recipes For Human Connection In Healthcare Combine Digital And Analog Ingredients”,”scope”:{“topStory”:{“index”:2,”title”:”The Best Recipes For Human Connection In Healthcare Combine Digital And Analog Ingredients”,”image”:”https://specials-images.forbesimg.com/imageserve/66bb9df512367aad52f0b0e5/290×0.jpg”,”isHappeningNowArticle”:false,”date”:{“monthDayYear”:”Aug 14, 2024″,”hourMinute”:”10:00″,”amPm”:”am”,”isEDT”:true,”unformattedDate”:1723644000000},”uri”:”https://www.forbes.com/councils/forbestechcouncil/2024/08/14/the-best-recipes-for-human-connection-in-healthcare-combine-digital-and-analog-ingredients/”}},”id”:”11c0o135oo2280″},{“textContent”:”
Aug 14, 2024,09:45am EDT
Overcoming The Challenges Of Using AI Chatbots In Healthcare”,”scope”:{“topStory”:{“index”:3,”title”:”Overcoming The Challenges Of Using AI Chatbots In Healthcare”,”image”:”https://specials-images.forbesimg.com/imageserve/65eb37f10a2278925e9cdb57/290×0.jpg”,”isHappeningNowArticle”:false,”date”:{“monthDayYear”:”Aug 14, 2024″,”hourMinute”:”09:45″,”amPm”:”am”,”isEDT”:true,”unformattedDate”:1723643100000},”uri”:”https://www.forbes.com/councils/forbestechcouncil/2024/08/14/overcoming-the-challenges-of-using-ai-chatbots-in-healthcare/”}},”id”:”7b3h8l7a6bl400″},{“textContent”:”
Aug 14, 2024,09:30am EDT
Becoming A Multi-Product Business”,”scope”:{“topStory”:{“index”:4,”title”:”Becoming A Multi-Product Business”,”image”:”https://specials-images.forbesimg.com/imageserve/65131d3bcb7a1fc00ce69c3b/290×0.jpg”,”isHappeningNowArticle”:false,”date”:{“monthDayYear”:”Aug 14, 2024″,”hourMinute”:”09:30″,”amPm”:”am”,”isEDT”:true,”unformattedDate”:1723642200000},”uri”:”https://www.forbes.com/councils/forbestechcouncil/2024/08/14/becoming-a-multi-product-business/”}},”id”:”k3o1dqc25cq80″},{“textContent”:”
Aug 14, 2024,09:15am EDT
Analytic Trends Reshaping Delivery Optimization In Last-Mile Logistics”,”scope”:{“topStory”:{“index”:5,”title”:”Analytic Trends Reshaping Delivery Optimization In Last-Mile Logistics”,”image”:”https://specials-images.forbesimg.com/imageserve/6671beb282c978843a6a5fb3/290×0.jpg”,”isHappeningNowArticle”:false,”date”:{“monthDayYear”:”Aug 14, 2024″,”hourMinute”:”09:15″,”amPm”:”am”,”isEDT”:true,”unformattedDate”:1723641300000},”uri”:”https://www.forbes.com/councils/forbestechcouncil/2024/08/14/analytic-trends-reshaping-delivery-optimization-in-last-mile-logistics/”}},”id”:”1qbhbq57316m00″},{“textContent”:”
Aug 14, 2024,09:00am EDT
Reimagine Customer Experience, Risk And Regulation In Financial Services With AI”,”scope”:{“topStory”:{“index”:6,”title”:”Reimagine Customer Experience, Risk And Regulation In Financial Services With AI”,”image”:”https://specials-images.forbesimg.com/imageserve/63f90facfcef60e108d5759b/290×0.jpg”,”isHappeningNowArticle”:false,”date”:{“monthDayYear”:”Aug 14, 2024″,”hourMinute”:”09:00″,”amPm”:”am”,”isEDT”:true,”unformattedDate”:1723640400000},”uri”:”https://www.forbes.com/councils/forbestechcouncil/2024/08/14/reimagine-customer-experience-risk-and-regulation-in-financial-services-with-ai/”}},”id”:”e8hhcl672g5k00″},{“textContent”:”
Aug 14, 2024,08:45am EDT
Are AI And BPO Natural Bedfellows?”,”scope”:{“topStory”:{“index”:7,”title”:”Are AI And BPO Natural Bedfellows?”,”image”:”https://specials-images.forbesimg.com/imageserve/66bb9ada3d7e765a91bfb70f/290×0.jpg”,”isHappeningNowArticle”:false,”date”:{“monthDayYear”:”Aug 14, 2024″,”hourMinute”:”08:45″,”amPm”:”am”,”isEDT”:true,”unformattedDate”:1723639500000},”uri”:”https://www.forbes.com/councils/forbestechcouncil/2024/08/14/are-ai-and-bpo-natural-bedfellows/”}},”id”:”2ofd0q1jccc800″},{“textContent”:”
Aug 14, 2024,08:30am EDT
Quantifying The ROI Of Generative AI With A Focus On Cost-Efficiency”,”scope”:{“topStory”:{“index”:8,”title”:”Quantifying The ROI Of Generative AI With A Focus On Cost-Efficiency”,”image”:”https://specials-images.forbesimg.com/imageserve/66bb9a38819d80a518672939/290×0.jpg”,”isHappeningNowArticle”:false,”date”:{“monthDayYear”:”Aug 14, 2024″,”hourMinute”:”08:30″,”amPm”:”am”,”isEDT”:true,”unformattedDate”:1723638600000},”uri”:”https://www.forbes.com/councils/forbestechcouncil/2024/08/14/quantifying-the-roi-of-generative-ai-with-a-focus-on-cost-efficiency/”}},”id”:”36c3imn2b65o00″}],”breakpoints”:[{“breakpoint”:”@media all and (max-width: 767px)”,”config”:{“enabled”:false}},{“breakpoint”:”@media all and (max-width: 768px)”,”config”:{“inView”:2,”slidesToScroll”:1}},{“breakpoint”:”@media all and (min-width: 1681px)”,”config”:{“inView”:6}}]};
How to use MS Excel’s powerful business intelligence tools
Excel has evolved into a robust platform for data analysis and reporting, thanks to its advanced business intelligence tools: Power Query, Power Pivot, Data Model, and DAX. These powerful features can streamline your data workflows, making them more efficient and less time-consuming. In this guide, we’ll explore how to leverage these tools to create a comprehensive sales report for a fictional company, Maven Electronics, using data from various sources.
Excel : Learn Power Query, Power Pivot & DAX
By following the step-by-step guide outlined in this guide, you can harness the power of Excel to create a fictional comprehensive sales report for a company. However the principles and techniques discussed here can be applied to a wide range of data analysis scenarios, making Excel an indispensable tool in your data toolkit.
Key Takeaways :
Excel’s advanced business intelligence tools—Power Query, Power Pivot, Data Model, and DAX—can revolutionize data analysis and reporting processes. Power Query is essential for data extraction, transformation, and loading (ETL), connecting to various data sources and cleaning data. Power Pivot enables exploration and summarization of data, allowing for complex data models and advanced calculations using DAX. Data Model helps create and manage relationships between tables, integrating data from multiple sources for comprehensive analyses. DAX is a formula language used in Power Pivot for advanced data calculations and metrics, enabling sophisticated data analysis. Understanding the Key Tools
Before diving into the practical application, let’s take a closer look at each of these essential tools:
Power Query: This tool is indispensable for data extraction, transformation, and loading (ETL). It enables you to connect to a wide range of data sources, clean and transform the data, and load it into Excel for further analysis. Power Query’s intuitive interface and powerful features make it a go-to tool for data professionals. Power Pivot: Power Pivot empowers you to explore and summarize your data effectively. It allows you to create complex data models and perform advanced calculations using DAX (Data Analysis Expressions). With Power Pivot, you can handle large datasets without the limitations of traditional Excel spreadsheets. Data Model: The Data Model is crucial for creating and managing relationships between tables. It enables you to integrate data from multiple sources seamlessly and perform comprehensive analyses. By establishing relationships between tables using primary and foreign keys, you can ensure data integrity and accuracy. DAX: DAX is a powerful formula language used in Power Pivot for advanced data calculations and metrics. It allows you to create calculated columns and measures, allowing sophisticated data analysis. With DAX, you can perform complex calculations, such as time intelligence and iterative functions, to gain deeper insights into your data.
Here are a selection of other articles from our extensive library of content you may find of interest on the subject of improving your skills with Microsoft Excel spreadsheets :
Creating a Sales Report: Step-by-Step Guide
Now, let’s walk through the process of creating a sales report for Maven Electronics’ regional managers. In this scenario, the data comes from a SQL database, a CSV file, and a PDF file. We’ll demonstrate how to use Excel’s business intelligence tools to tackle this task efficiently.
1: Harnessing the Power of Power Query
Begin by using Power Query to connect to your data sources. Power Query’s ETL capabilities allow you to extract data from the SQL database, CSV file, and PDF file effortlessly. Once the data is loaded, you can leverage Power Query’s transformation features to clean and shape the data according to your analysis requirements. By automating repetitive tasks using workflows and ensuring data quality through data profiling and quality checks, you can streamline the data preparation process.
2: Constructing the Data Model
With the data prepared, the next step is to build the Data Model. This involves creating relationships between tables using primary and foreign keys. The Data Model ensures accurate data integration and enables you to perform analyses across multiple data sources. Power Pivot’s ability to handle large datasets without row limitations makes it an ideal tool for managing extensive data.
3: Exploring and Summarizing Data with Pivot Tables and Charts
Once the Data Model is in place, Power Pivot becomes your playground for exploring and summarizing the data. Its user-friendly drag-and-drop interface allows you to create pivot tables effortlessly. By integrating multiple data tables, you can gain a comprehensive view of the sales data. Pivot charts provide a visual representation of the data, making it easier to identify trends, patterns, and outliers.
4: Unleashing the Power of DAX for Advanced Calculations
DAX is the secret weapon for defining calculated columns and measures in your sales report. With DAX, you can create measures for key metrics such as Total Orders and Total Revenue. DAX’s iterator functions enable you to perform complex calculations, such as calculating year-over-year growth or identifying the top-selling products. By leveraging DAX, you can uncover valuable insights that might otherwise remain hidden in the data.
5: Finalizing the Report with Interactive Visualizations
To make your sales report truly impactful, incorporate data visualizations that present the information in a clear and engaging manner. Create interactive dashboards that allow regional managers to explore the data dynamically. Use slicers to enable dynamic filtering, empowering users to drill down into specific regions, time periods, or product categories. By making the report user-friendly and interactive, you encourage data-driven decision-making and collaboration.
Excel’s business intelligence tools—Power Query, Power Pivot, Data Model, and DAX—are catalysts for data professionals. By mastering these tools, you can significantly enhance your data analysis and reporting capabilities. The ability to integrate data from multiple sources, perform advanced calculations, and create interactive visualizations empowers you to derive meaningful insights and drive better business decisions. If you need further information on using MS Excel jump over to the official Microsoft Support website.
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Filed Under: Guides
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Talent Intelligence: Unlocking The Power Of Multidimensional Data
Joanna Riley, CEO & cofounder of Censia. Striving for a more just and efficient global economy through better talent data and technology.
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In the age of data-driven decision-making, the significance of structured, multidimensional data cannot be overstated. This data type forms the backbone of advanced AI systems, facilitating nuanced insights and predictive analytics essential for modern business strategies, including talent management.
Data-Driven Recruiting And Talent Management
Companies that harness data in talent management have seen remarkable improvements in both efficiency and insights into workforce dynamics. For instance, incorporating data-driven strategies in recruiting has been shown to significantly enhance the quality of the workforce, increase productivity, and support unbiased hiring decisions. Workable’s comprehensive guide on data-driven recruiting emphasizes the importance of choosing the right data and metrics, collecting data efficiently, and acting on this data to improve hiring processes.
The Rise Of Multidimensional Data in HR
Multidimensional data isn’t a new concept. Most business intelligence (finance, consumer behavior, etc.) relies on structured data across multiple dimensions to gain profound insight and determine future strategy. HR has always been the big exception because HR has traditionally been one-dimensional (a linear resume of qualifications matched to a linear list of job requirements), often inaccurate or messy (outdated profiles, multiple job titles meaning similar things, etc.), and limited only the candidate and the role—not, for instance, other important factors such as the industry or the organization.
By cleaning and structuring this talent data and introducing new layers of information (company size, revenue levels, company events, industry and more), the insight that AI can derive from this data grows immensely.
The deployment of structured, multidimensional data in talent management allows organizations to gain a deep and holistic understanding of their workforce, encompassing diverse dimensions such as people, jobs, skills, and industries. This comprehensive dataset supports AI-driven solutions, enabling organizations to navigate complexities with precision and agility. MyHRfuture highlights how data-driven HR impacts recruitment and talent management by measuring key talent acquisition data points for greater impact, supporting workforce planning, and facilitating training and development.
Inferring Skills And Bridging Gaps
The capacity of structured data to infer skills is invaluable in talent acquisition and workforce planning, where accurate skill assessment is crucial. Analyzing patterns and contextual information allows AI-powered systems to uncover latent skills, providing a broader understanding of individuals’ capabilities.
Transformative Impact Of AI In Talent Management
The convergence of structured data and AI heralds a new era in talent management, with organizations increasingly turning to AI-driven solutions to streamline processes and decision-making. Korn Ferry’s insights into the telecom sector, for example, reveal the critical role of strategy and talent in organizational success, emphasizing the importance of learning agility as a predictor of long-term leadership potential.
To further underscore the transformative power of data in talent management, it’s essential to recognize the nuanced ways in which organizations leverage this data to foster a culture of continuous learning and adaptability. A data-driven approach streamlines recruitment and talent development and underpins strategic workforce planning and development initiatives. According to research by Deloitte, integrating data analytics into HR practices enables organizations to forecast talent needs, identify skill gaps, and optimize resource allocation more effectively. This strategic alignment ensures that talent management efforts are about filling positions and building a resilient, skilled workforce capable of driving long-term business growth.
Moreover, adopting AI and data analytics in talent management extends beyond operational efficiency to enhancing the employee experience. Organizations can address individual career aspirations and skill development needs by personalizing learning and development opportunities, thereby increasing engagement and retention. This personalized approach, grounded in data, signifies a shift from traditional, one-size-fits-all HR practices to more dynamic, responsive strategies that value and cultivate individual talent.
In this rapidly evolving landscape, harnessing and interpreting multidimensional data becomes a critical competitive advantage, enabling organizations to navigate the complexities of the modern workforce with agility and insight.
Common Pitfalls When Adopting Talent Intelligence
Several common pitfalls occur when organizations adopt this type of technology. The first is that system implementations are prone to failure. According to a Deloitte study, 70% of digital transformation efforts are considered less than successful, and organizations require three years to start competing in digital markets. Working with APIs or native integrations to upgrade current systems is one way to avoid the financial, time and engagement loss caused by this.
The other big pitfall is not understanding the data well enough. It is essential to ask how the data is collected, cleaned and structured. If a provider runs new algorithms on old data or limited source data, you’ll get biased and unreliable results.
And finally, you’ll want to understand the legal restrictions you might face in your field. Several regions have already restricted the use of AI in HR decision-making, so you’ll want to make sure that you deploy it in a way that assists, not replaces, your team and their decisions.
Embracing A Data-Driven Future
As organizations undergo digital transformation, the importance of leveraging structured, multidimensional data and AI will continue to grow. McKinsey’s guide on building a data-driven strategy highlights the need for an integrated approach to data sourcing, model building, and organizational transformation tailored to the company’s desired business impact.
In conclusion, structured, multidimensional data is the cornerstone of AI-driven talent management, enabling organizations to unlock insights, optimize processes, and drive strategic outcomes. By leveraging advanced analytics and AI technologies, organizations can chart a course toward a data-driven future where talent becomes a true differentiator in driving business success.
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How to use MS Excel’s powerful business intelligence tools
Excel has evolved into a robust platform for data analysis and reporting, thanks to its advanced business intelligence tools: Power Query, Power Pivot, Data Model, and DAX. These powerful features can streamline your data workflows, making them more efficient and less time-consuming. In this guide, we’ll explore how to leverage these tools to create a comprehensive sales report for a fictional company, Maven Electronics, using data from various sources.
Excel : Learn Power Query, Power Pivot & DAX
By following the step-by-step guide outlined in this guide, you can harness the power of Excel to create a fictional comprehensive sales report for a company. However the principles and techniques discussed here can be applied to a wide range of data analysis scenarios, making Excel an indispensable tool in your data toolkit.
Key Takeaways :
Excel’s advanced business intelligence tools—Power Query, Power Pivot, Data Model, and DAX—can revolutionize data analysis and reporting processes. Power Query is essential for data extraction, transformation, and loading (ETL), connecting to various data sources and cleaning data. Power Pivot enables exploration and summarization of data, allowing for complex data models and advanced calculations using DAX. Data Model helps create and manage relationships between tables, integrating data from multiple sources for comprehensive analyses. DAX is a formula language used in Power Pivot for advanced data calculations and metrics, enabling sophisticated data analysis. Understanding the Key Tools
Before diving into the practical application, let’s take a closer look at each of these essential tools:
Power Query: This tool is indispensable for data extraction, transformation, and loading (ETL). It enables you to connect to a wide range of data sources, clean and transform the data, and load it into Excel for further analysis. Power Query’s intuitive interface and powerful features make it a go-to tool for data professionals. Power Pivot: Power Pivot empowers you to explore and summarize your data effectively. It allows you to create complex data models and perform advanced calculations using DAX (Data Analysis Expressions). With Power Pivot, you can handle large datasets without the limitations of traditional Excel spreadsheets. Data Model: The Data Model is crucial for creating and managing relationships between tables. It enables you to integrate data from multiple sources seamlessly and perform comprehensive analyses. By establishing relationships between tables using primary and foreign keys, you can ensure data integrity and accuracy. DAX: DAX is a powerful formula language used in Power Pivot for advanced data calculations and metrics. It allows you to create calculated columns and measures, allowing sophisticated data analysis. With DAX, you can perform complex calculations, such as time intelligence and iterative functions, to gain deeper insights into your data.
Here are a selection of other articles from our extensive library of content you may find of interest on the subject of improving your skills with Microsoft Excel spreadsheets :
Creating a Sales Report: Step-by-Step Guide
Now, let’s walk through the process of creating a sales report for Maven Electronics’ regional managers. In this scenario, the data comes from a SQL database, a CSV file, and a PDF file. We’ll demonstrate how to use Excel’s business intelligence tools to tackle this task efficiently.
1: Harnessing the Power of Power Query
Begin by using Power Query to connect to your data sources. Power Query’s ETL capabilities allow you to extract data from the SQL database, CSV file, and PDF file effortlessly. Once the data is loaded, you can leverage Power Query’s transformation features to clean and shape the data according to your analysis requirements. By automating repetitive tasks using workflows and ensuring data quality through data profiling and quality checks, you can streamline the data preparation process.
2: Constructing the Data Model
With the data prepared, the next step is to build the Data Model. This involves creating relationships between tables using primary and foreign keys. The Data Model ensures accurate data integration and enables you to perform analyses across multiple data sources. Power Pivot’s ability to handle large datasets without row limitations makes it an ideal tool for managing extensive data.
3: Exploring and Summarizing Data with Pivot Tables and Charts
Once the Data Model is in place, Power Pivot becomes your playground for exploring and summarizing the data. Its user-friendly drag-and-drop interface allows you to create pivot tables effortlessly. By integrating multiple data tables, you can gain a comprehensive view of the sales data. Pivot charts provide a visual representation of the data, making it easier to identify trends, patterns, and outliers.
4: Unleashing the Power of DAX for Advanced Calculations
DAX is the secret weapon for defining calculated columns and measures in your sales report. With DAX, you can create measures for key metrics such as Total Orders and Total Revenue. DAX’s iterator functions enable you to perform complex calculations, such as calculating year-over-year growth or identifying the top-selling products. By leveraging DAX, you can uncover valuable insights that might otherwise remain hidden in the data.
5: Finalizing the Report with Interactive Visualizations
To make your sales report truly impactful, incorporate data visualizations that present the information in a clear and engaging manner. Create interactive dashboards that allow regional managers to explore the data dynamically. Use slicers to enable dynamic filtering, empowering users to drill down into specific regions, time periods, or product categories. By making the report user-friendly and interactive, you encourage data-driven decision-making and collaboration.
Excel’s business intelligence tools—Power Query, Power Pivot, Data Model, and DAX—are catalysts for data professionals. By mastering these tools, you can significantly enhance your data analysis and reporting capabilities. The ability to integrate data from multiple sources, perform advanced calculations, and create interactive visualizations empowers you to derive meaningful insights and drive better business decisions. If you need further information on using MS Excel jump over to the official Microsoft Support website.
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Transforming Your Organization with the Power of Business Intelligence
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With the ability to drive strategic initiatives, make educated decisions and extract valuable insights from raw data, business intelligence (BI) has become a key enabler for organizational success. BI has revolutionized the way businesses operate and plan for the future in this age of intense competition and rapid technological advancement. One of the most powerful business intelligence tools available, Intellicus has provided tailored solutions to over 17,000 small and large businesses, enabling them to make data-driven decisions.
Understanding Business Intelligence
Business Intelligence (BI) is a technology-driven process that analyzes business data to provide actionable information that informs strategic and operational decisions. It involves collecting, storing, analyzing, and visualizing data to uncover patterns, trends, and insights that drive business performance. It combines internal and external data sources into a logical framework that helps produce insights that can be put into action. Business intelligence is a valuable resource that facilitates managers, executives and stakeholders to make informed decisions.
Business Intelligence (BI) is a technology-driven process that analyzes business data to provide actionable information that informs strategic and operational decisions. It involves collecting, storing, analyzing, and visualizing data to uncover patterns, trends, and insights that drive business performance. Essentially, BI transforms raw data into meaningful information that empowers organizations to make data-driven decisions.
The Four Pillars of Business Intelligence
Data Collection and Integration: Business Intelligence starts with the compilation of information from various sources, such as social media interactions, market trends, consumer profiles and sales statistics. This data must be integrated into a single platform in order to provide a comprehensive view and analysis.
Data Visualization and Analysis: BI tools analyze trends, patterns, and connections using sophisticated analytics. Visualization tools like dashboards, charts, and graphs transform complex data into understandable insights for efficient decision-making.
Predictive Analytics: BI doesn’t merely focus on the present; it anticipates the future. To predict future trends, predictive analytics uses machine learning models and statistical algorithms. This makes it possible for companies to plan ahead and adapt proactively.
Actionable Insights: BI aims to generate actionable insights, not just reports. These insights help optimize operations, identify new opportunities, and enhance overall performance.
The Transformative Impact of Business Intelligence Improved Decision Making
BI tools give businesses access to real-time data, which is essential for making timely, well-informed decisions. This eliminates the need for guesswork and intuition-based decisions in favor of data-driven ones. Additionally, BI tools, like dashboards and visualizations, present data in an understandable format, making it easier for decision-makers to quickly comprehend complex information and react to changes that may have an impact on the business.
Operational Efficiency
The operational efficiency of an organization can be greatly improved using business intelligence. By automating repetitive operations, BI solutions allow employees to concentrate on more important facets of the company. Furthermore, by highlighting areas in the business process that require improvement, BI tools enable firms to get rid of bottlenecks, simplify procedures and cut expenses. Customer satisfaction and service delivery are enhanced as a result.
Improved Bottom Line
Business Intelligence can assist companies in increasing revenue and sales by offering insightful information about consumer behavior. With the use of BI technologies, marketers can better focus their campaigns and boost sales by analyzing customer data to find trends, buying patterns and preferences. Additionally, organizations can use business intelligence to pinpoint successful consumer categories and concentrate their marketing efforts on them. Revenue growth and improved conversion rates are possible outcomes of this focused strategy.
Competitive Advantage
Business Intelligence provides a competitive edge in today’s data-driven world. Through the utilization of BI tools, companies can acquire comprehensive insights into the tactics, advantages and disadvantages of their rivals and utilize this data to formulate strategic plans. Similarly, it facilitates prompt market adaptation and can assist companies in recognizing customer behavior shifts and market trends.
Advancing technology promises a bright future for BI. AI and machine learning will enhance predictive analytics, enabling businesses to foresee trends and adapt quickly. Integrating BI with emerging technologies like IoT and blockchain will unlock new dimensions of data analysis and decision-making.
Conclusion
Business Intelligence has evolved from being a mere buzzword to a transformative force shaping the future of businesses. It empowers organizations to navigate complexities, capitalize on opportunities, and drive growth in an increasingly data-centric world. Embracing BI isn’t just an option; it’s a necessity for businesses aspiring to thrive in today’s competitive landscape.
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Business Intelligence Market worth USD 56,200.9 million by 2033 – Exclusive Report by Future Market Insights, Inc.
The global business intelligence market size is predicted to surpass a valuation of US$ 28,216.8 million in 2023. It is anticipated to hit a valuation of US$ 56,200.9 million by 2033. The market is projected to thrive at a CAGR of 7.1% from 2023 to 2033.
The capabilities of business intelligence systems have been considerably improved by ongoing technological breakthroughs. Such as in cloud computing, big data analytics, artificial intelligence, and machine learning. Scalability, flexibility, and affordability are all features of cloud-based BI solutions that enable BI to be used by businesses of various sizes.
More advanced data analysis and predictive modeling are possible by AI-powered analytics tools and machine learning algorithms, enabling firms to find important patterns and insights.
Organizations are aware that successfully utilizing data may provide them with a competitive advantage. Businesses may acquire a greater knowledge of their customers, markets, and operations by utilizing business intelligence tools to find hidden patterns, trends, and correlations in their data. These insights may be utilized to improve consumer experiences, find new market possibilities, optimize corporate strategy, and spur innovation.
Self-service analytics are now supported by business intelligence platforms, enabling users to access and evaluate data without relying heavily on IT or data analysts. Self-service BI technologies allow non-technical people to independently examine data, produce reports, and develop insights due to their easy user interfaces, drag-and-drop capabilities, and visualizations. Within enterprises, this movement has democratized data analytics and increased the user base of business intelligence.
The business intelligence system’s more up-to-date sophisticated analytics and improved statistical support are also contributing to the market’s expansion. Business intelligence technologies and machine learning aid corporate settings in problem-solving strategies and forecasting potential outcomes.
Additionally, this aids in streamlining internal corporate operations, boosting revenue development, and connecting technology. To improve processing, giving businesses an advantage over rival brands, thereby surging Business Intelligence market growth consistently.
Key Takeaways:
The global business intelligence market size expanded at a CAGR of 5.0% from 2018 to 2022. In 2018, the global market size stood at US$ 21,962.1 million. The market size stood at US$ 26,745.8 million in 2022. In 2022, the solution segment captured 68.9% of market shares. The sales and marketing segment captured 42.3% shares in the global market. In 2022, the United States captured 19.4% shares in the global market. China held 8.3% shares in the global business intelligence industry in 2022. In 2022, the United Kingdom captured 6.7% shares in the global market.
Key Players:
IBM Oracle Microsoft SAP Google
Recent Developments Observed:
Ramp announced its ambitions to provide new artificial intelligence technologies in May 2023. The business plans to introduce the new tools with a function that might ascertain whether a firm has overpaid for its software contracts. SoftLedger debuted a business intelligence dashboard with real-time data in December 2022. The purpose of this publication is to assist Chief Financial Officers (CFOs) in making tactical decisions for their company.
Market Segmentation:
By Component:
Solution Dashboards and Scorecards Data Integration and ETL Reporting and Visualization Query and Analysis Service Consulting Services Deployment and Integration Services Support and Maintenance Services
By Organization Size:
By Business Function:
Human Resources Finance Operations Sales and Marketing
By Vertical:
Retail Manufacturing Government and Public Services Media Entertainment Transportation and Logistics BFSI Telecom and IT Healthcare and Hospitality
By Deployment:
By Region:
North America Latin America Europe East Asia South Asia Oceania The Middle East & Africa (MEA)
Elevate Your Business Strategy! Purchase the Report for Market-Driven Insights
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries. Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.
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How Gen Z Is Changing Business and the Workplace Microsoft to reinvent office apps with Artificial Intelligence toolsWashington [US], March 17 (ANI): Microsoft is reinventing its Power Platform’s software development, including Outlook, PowerPoint, Excel and Word, with AI-powered no-code development and adding new features like Copilot. In an event on Thursday (Local Time), the company announced that Microsoft 365 users will soon be able to use what the company is calling an AI “Co-pilot,” Microsoft said in a statement. “Makers now have a live in-studio copilot that helps them build solutions and provides suggestions for improvement. To build an app, flow, or bot, you can describe it using natural…
Understanding Business Intelligence Transforming Your Organization with the Power of Business Intelligence Share Share reasons to use Microsoft Power BI Stitch Share Email Power BI - Data Visualization Microsoft Power Platform With the ability to drive strategic initiatives, make educated decisions and extract valuable insights from raw data, business intelligence (BI) has become a key enabler for organizational success. BI has revolutionized the way businesses operate and plan for the future in this age of intense competition and rapid technological advancement. One of the most powerful business intelligence tools available, Intellicus has provided tailored solutions to over 17,000 small…
Paid Apple Intelligence features won’t come until at… Paid Apple Intelligence features won’t come until at least 2027 In years to come, some advanced Apple Intelligence features could have a price tag attached. In the forthcoming Apple Intelligence features, there was no mention of any fees or subscription charges. That could change as early as 2027. AppleInsider has previously discussed that future Apple Intelligence features, particularly those for more advanced users, could come with a subscription or fee structure. That said, it is unlikely that users will see such features before 2027 at the earliest, according to Bloomberg’s Power On newsletter. The first set of features of Apple…
What is Business Intelligence (BI): Complete Implementation Transforming Your Organization with the Power of Business Intelligence Share Share Understanding Business Intelligence Through Modernizing ETL Share Email How to choose the right ETL tool? Bismart Partner Power BI With the ability to drive strategic initiatives, make educated decisions and extract valuable insights from raw data, business intelligence (BI) has become a key enabler for organizational success. BI has revolutionized the way businesses operate and plan for the future in this age of intense competition and rapid technological advancement. One of the most powerful business intelligence tools available, Intellicus has provided tailored solutions to over…
Google keeps scaling back AI search results, new study finds Google keeps scaling back AI search results, new study finds Google’s AI Overviews in search results have dropped off significantly in recent months, according to a new study. The search giant is rethinking how it uses artificial intelligence in its biggest product. Researchers at SE Ranking have been closely tracking how often Google’s AI-generated responses appear in results and the sources the tool cites. In a test of around 100,000 searches on Google conducted in July, just 7.47% produced an AI Overview, which was a 1.24% drop from the previous month, the researchers found. That’s also a huge fall-off from…
Microsoft Dynamics vs. Salesforce: Comparison 2024 Microsoft Dynamics vs. Salesforce: Comparison 2024 Salesforce vs. Microsoft Dynamics 365 Overview Salesforce’s Sales Hub and Microsoft Dynamics 365 Sales are similar products that offer most of the CRM features you expect to find in standalone CRM software. We compare these two as the primary CRM offerings from both providers, though other products exist for marketing, customer service and other work management functions. Salesforce is a highly customizable CRM that teams can configure for almost any business need, while Microsoft Dynamics 365 serves as a centralized place for customer data for teams that already use it. Salesforce vs. Microsoft Dynamics…
The Four Pillars of Business Intelligence Transforming Your Organization with the Power of Business Intelligence Share Share How to Transform your Business With Power BI - Atidan Technology Share Email Microsoft Power BI Data Visualization Business intelligence With the ability to drive strategic initiatives, make educated decisions and extract valuable insights from raw data, business intelligence (BI) has become a key enabler for organizational success. BI has revolutionized the way businesses operate and plan for the future in this age of intense competition and rapid technological advancement. One of the most powerful business intelligence tools available, Intellicus has provided tailored solutions to…
BI tools give businesses access to real-time data Transforming Your Organization with the Power of Business Intelligence Share Share What is Power BI - BeyondKey Systems Share Email Connect MySQL To Power BI Step By Step [] - ScaleGrid With the ability to drive strategic initiatives, make educated decisions and extract valuable insights from raw data, business intelligence (BI) has become a key enabler for organizational success. BI has revolutionized the way businesses operate and plan for the future in this age of intense competition and rapid technological advancement. One of the most powerful business intelligence tools available, Intellicus has provided tailored solutions to…
Artificial Intelligence Tech 2024 Artificial Intelligence Tech 2024-08-13T18:31:05Z Replika lets you buy an AI girlfriend or boyfriend — and its average user age is surprising Replika CEO Eugenia Kuyda said the app’s users are “mostly 35-plus and super engaged.” Some people have formed deep bonds with their AI companions. Tech 2024-08-13T13:40:11Z AI and security concerns fuel a shift to on-premises IT infrastructure as companies seek more control of data AI, data privacy, and security concerns are pushing companies to adopt hybrid IT infrastructure that combines on-prem hardware with cloud services. The best business intelligence (BI) software in Zapier The US and some of its…
SEALSQ Unveils Revolutionary Artificial Intelligence… SEALSQ Unveils Revolutionary Artificial Intelligence for Internet of Things (AIoT) Strategy, Pioneering the Future of Connected Intelligence Geneva, Switzerland, Aug. 14, 2024 (GLOBE NEWSWIRE) — SEALSQ Corp (NASDAQ: LAES) (“SEALSQ” or “Company”), a company that focuses on developing and selling Semiconductors, PKI and Post-Quantum technology hardware and software products, announces its bold entry into the AI chip market, underscored by its visionary AIoT (Artificial Intelligence for Internet of Things) strategy, which seamlessly merges the power of AI with the expansive potential of IoT technologies. This move positions SEALSQ at the cutting edge of technological innovation, where the convergence of AI…
Business Intelligence vs. Competitive Intelligence Business Intelligence vs. Competitive Intelligence: What’s the Difference? Business Intelligence vs. Competitive Intelligence: An Overview Competitive intelligence is the act of understanding a company’s industry and industry rivals so the company can make better business decisions. Business intelligence refers to the tools, software, and systems that play a vital role in the strategic planning process of a company. Key Takeaways Competitive intelligence is the outward-focused analysis of a business’s competitors to identify advantages and potential strategies.In contrast, business intelligence is the inward-focused evaluation of the business’s own data, which can help improve efficiency and growth.Combining both business and competitive intelligence…
Business Intelligence Improved Decision Making How AI Can Power Brand Management Marketers have begun experimenting with AI to improve their brand-management efforts. But unlike other marketing tasks, brand management involves more than just repeatedly executing one specialized function. Long considered the exclusive domain of creative talent, it encompasses multiple activities designed to build the reputation and image of a business—such as crafting and communicating the brand story, ensuring that the product or service and its price reflect the brand’s competitive positioning, and managing customer relationships to forge loyalty to the brand. A brand is a promise to customers about the quality, style, reliability, and aspiration…
Qlik Sense Business Analyst Certification - Credly Exciting New Partnership: Optimum and Qlik Join Forces to Transform Data Analytics for Clients With Seamless Data Integration and Cutting-Edge Visualization, This Partnership Will Drive Business Growth and Empower Data-Driven Decisions for Businesses of All Sizes HOUSTON, TX / ACCESSWIRE / August 8, 2024 / Optimum Consultancy Services, a leader in IT consulting that specializes in data, business intelligence (BI), and artificial intelligence (AI) solutions, is thrilled to announce a new strategic partnership with Qlik®, a renowned leader in data integration and data analytics solutions. This partnership is set to transform the way businesses leverage data for strategic decision-making. Through…
Google Business Profile - The Evolution of Google My… 6 ways the Google antitrust ruling could change the internet State Zip Code Country News Google Provides First Look at Plans for Chicago's Thompson Peep This List Of Financial Resources For Black Business Owners And Entrepreneurs by Derek Major August 13, 2024 For Black Business Month, Black Enterprise has compiled a list of financial resources that will help Black entrepreneurs. Black-owned businesses have been thriving this year. Whether it’s retail, hair and beauty, food, or liquor, there are more Black entrepreneurs than ever, and many are becoming successful businessmen and women. Despite the news, many Black entrepreneurs struggle to find…
Smart Automation: AI’s Impact On Operational Efficiency Smart Automation: AI’s Impact On Operational Efficiency Atal Bansal is the Founder and CEO at Chetu, a global U.S.-based custom software solutions and support services provider. getty AI “smart” or “intelligent” automation seems unstoppable because it promises to save money, minimize human error, and produce faster results. The impact on workers and the workplace will be dramatic. Business Intelligence: making Smart Business Decisions Goldman Sachs reports that “two-thirds of occupations could be partially automated by AI.” McKinsey echoes this sentiment in an article: “Current generative AI and other technologies have the potential to automate work activities that absorb 60 to…
Why Business Intelligence (BI) Is A Must-Have Tool for Every Should Central Maine Power go “dark” to the regulators? A proposed financial reorganization of Central Maine Power (CMP), the state’s dominant electric company, is generating fierce consumer opposition at the Maine Public Utilities Commission. Augusta-based Avangrid (NYSE:AGR), CMP’s owner since 2015, is 81.6% owned by Spanish energy conglomerate Iberdrola, which wants the state regulators to rubber stamp a deal where Iberdrola would acquire the remaining 18.4% of Avangrid for $2.5 billion. Iberdrola said, “The objective of this transaction is to increase exposure to the networks business in the United States at a key moment for Iberdrola, which wants to grow in markets with strong credit…
Hidden Apple Intelligence Features Revealed Hidden Apple Intelligence Features Revealed Apple’s latest iOS 18.1 beta 2 update brings a suite of advanced AI-driven features for Apple Intelligence designed to transform your user experience. These hidden gems leverage Apple’s innovative AI technology to automate tasks, enhance communication, and create personalized content, ultimately streamlining your daily interactions with your device. Let’s dive into the details of these innovative features. Smart Reply: Effortless Email and Message Responses The Smart Reply feature in iOS 18.1 takes the hassle out of responding to emails and messages. Intelligently analyzing the content of your incoming communications suggests complete, contextually relevant replies. Whether you receive…
How Business Intelligence in ERP Can Improve Your Company Go Business Intelligence and Analytics Fusion Introduces New AI-Powered Scenario Simulation and Intelligence Suite Fusion Risk Management (Fusion), a provider of cloud-based operational resilience, business continuity, and risk management solutions, is releasing its new Scenario Simulation and Intelligence suite—enabling companies to simulate thousands of possible scenarios against their resilience plans and strategies to identify points of weakness at scale. Posted August 14, 2024 Ridge Security Enhances Proactive Exposure Management with RidgeBot 4.3.3 Ridge Security Technology Inc. is releasing RidgeBot version 4.3.3, introducing a powerful integration that enhances proactive exposure management for organizations—combining RidgeBot’s automated vulnerability detection and validation capabilities with leading…
Qlik Answers Now Available for AI-Driven, Fully… Qlik Answers Now Available for AI-Driven, Fully Explainable Insights from Vast Unstructured Business Data PHILADELPHIA, July 30, 2024 (GLOBE NEWSWIRE) — Qlik®, a global leader in data integration, analytics, and artificial intelligence (AI), today announced the general availability of Qlik Answers™, its newest self-service AI solution designed to help organizations harness the power of AI by removing the risk, embracing the complexity, and scaling the impact of AI. Qlik Answers transforms unstructured data into actionable results through generative AI, offering full explainability—a common obstacle in enterprise AI adoption. Qlik Answers combines generative AI with Qlik’s trusted data analytics capabilities to…
The Future of Business Intelligence Transforming Your Organization with the Power of Business Intelligence Share Share Data Analytics And Business Intelligence Computational Frameworks Share Email Tech trailblazers: How Tokopedia is innovating in Indonesia CIO With the ability to drive strategic initiatives, make educated decisions and extract valuable insights from raw data, business intelligence (BI) has become a key enabler for organizational success. BI has revolutionized the way businesses operate and plan for the future in this age of intense competition and rapid technological advancement. One of the most powerful business intelligence tools available, Intellicus has provided tailored solutions to over 17,000…
Oracle 23ai: The Database Just Got a Brain Oracle 23ai: The Database Just Got a Brain The database world is undergoing a renaissance. Fueled by the rise of Large Language Models, hybrid cloud data management, and the explosion of data-driven applications, databases are once again at the forefront of technological innovation. Yet, this resurgence comes at a time of unprecedented challenges. The relentless onslaught of data and the ever-present threat of cyberattacks have stretched database professionals to their limits. Oracle, a behemoth in the database landscape, has responded with a daring gambit: Oracle Database 23ai. This isn’t merely an update; it’s a full-blown integration of AI and machine…
Why enterprise CIOs need to plan for Microsoft gen AI Why enterprise CIOs need to plan for Microsoft gen AI Enterprises with strong experience in open source may look to open foundation models as an option to reduce costs, but Curran cautions against equating open weight models with the more familiar open source ecosystem. He predicts enterprises will adopt them though, including using them in curated environments provided like Azure. “I’ve seen a lot of interest in the open source models, but not many in production,” says Boyd, although customers are starting to use small models like Microsoft’s own Phi series. “But it’s largely early days. I haven’t seen mass…
Qlik Introduces Qlik Answers to Transform… Qlik Introduces Qlik Answers to Transform Unstructured Data into Business Insights PHILADELPHIA, July 30, 2024 — Qlik, a global leader in data integration, analytics, and artificial intelligence (AI), today announced the general availability of Qlik Answers, its newest self-service AI solution designed to help organizations harness the power of AI by removing the risk, embracing the complexity, and scaling the impact of AI. Qlik Answers transforms unstructured data into actionable results through generative AI, offering full explainability—a common obstacle in enterprise AI adoption. Qlik Answers combines generative AI with Qlik’s trusted data analytics capabilities to deliver precise, contextually relevant results…
Oracle Business Intelligence (BI) Platform Transforming Your Organization with the Power of Business Intelligence Share Share Oracle Business Intelligence (BI) Platform – BI / DW Insider Share Email Hyperion Solutions - Wikipedia With the ability to drive strategic initiatives, make educated decisions and extract valuable insights from raw data, business intelligence (BI) has become a key enabler for organizational success. BI has revolutionized the way businesses operate and plan for the future in this age of intense competition and rapid technological advancement. One of the most powerful business intelligence tools available, Intellicus has provided tailored solutions to over 17,000 small and…
Hidden Apple Intelligence Features Revealed Hidden Apple Intelligence Features Revealed Apple’s latest iOS 18.1 beta 2 update brings a suite of advanced AI-driven features for Apple Intelligence designed to transform your user experience. These hidden gems leverage Apple’s innovative AI technology to automate tasks, enhance communication, and create personalized content, ultimately streamlining your daily interactions with your device. Let’s dive into the details of these innovative features. Smart Reply: Effortless Email and Message Responses The Smart Reply feature in iOS 18.1 takes the hassle out of responding to emails and messages. Intelligently analyzing the content of your incoming communications suggests complete, contextually relevant replies. Whether you receive…
Microsoft’s cloud business powers 10% growth in… Microsoft’s cloud business powers 10% growth in quarterly profits AP REDMOND, Wash. (AP) — Microsoft reported a 10% increase in quarterly profits Tuesday as it tries to maintain its position as a leader in artificial intelligence technology. The software giant said its fiscal fourth-quarter profit was $22 billion, or $2.95 per share, slightly beating analyst expectations for $2.94 per share. reasons to use Microsoft Power BI Stitch It posted revenue of $64.7 billion in the April-June period, up 15% from last year. Analysts polled by FactSet Research had been looking for revenue of $64.4 billion. Microsoft’s growth was led by…
Finance’s biggest firms are considering how AI might… Artificial Intelligence Tech 2024-08-13T18:31:05Z Replika lets you buy an AI girlfriend or boyfriend — and its average user age is surprising Replika CEO Eugenia Kuyda said the app’s users are “mostly 35-plus and super engaged.” Some people have formed deep bonds with their AI companions. Tech 2024-08-13T13:40:11Z AI and security concerns fuel a shift to on-premises IT infrastructure as companies seek more control of data AI, data privacy, and security concerns are pushing companies to adopt hybrid IT infrastructure that combines on-prem hardware with cloud services. TARGIT - BI Survey The US and some of its allies just pulled off…
Artificial Intelligence Stocks: The 10 Best AI Companies Artificial Intelligence Stocks: The 10 Best AI Companies Artificial intelligence, automation and robotics are disrupting virtually every industry. Remarkable advances in AI technology — including OpenAI’s ChatGPT AI chatbot, GitHub’s Copilot AI code generation software and Google’s Gemini AI model — are now familiar names for many. [Sign up for stock news with our Invested newsletter.] Whether it be machine learning, large language models, smart applications and appliances, digital assistants, synthetic media software, or autonomous vehicles, companies that aren’t investing in AI products and services risk becoming obsolete. Countless companies stand to benefit from AI, but a handful of stocks…
usiness Intelligence for E-commerce KeyPoint For… True luxury is IRL E-commerce is great for a lot of things — snagging sales, stocking up on staples, buying stupid stuff we really do not need. But people’s voracious appetite for online shopping does appear to have its limits, specifically when it comes to luxury. The expectation has long been that e-commerce would revolutionize luxury, just as it has so much of retail. It killed many malls and bookstores; it made Walmart go digital; it transformed shipment and logistics operations across the globe. So why wouldn’t it disrupt such an expensive, lucrative space? It turns out we still like…
Microsoft Power BI – What Is It and What to Use It… how much it cost to purchase oracle business intelligence enterprise edition 11g?Is Oracle Database Enterprise Edition free? You get a free Oracle Database that you can use in any environment, as well as the ability to embed and distribute it. How much does Oracle Standard Edition cost? Standard Edition 2 (SE2), as well as previous editions Standard Edition and Standard Edition 1, can provide excellent value and cost significantly less than Oracle Enterprise Edition (EE). SE2 is currently listed at $17,500 per socket, compared to Enterprise Edition’s $47,500 per processor. Microsoft Power BI – What Is It and What to…
Global Edge Data Center Market Predicted to Cross… Business Intelligence and Analytics Fusion Introduces New AI-Powered Scenario Simulation and Intelligence Suite Fusion Risk Management (Fusion), a provider of cloud-based operational resilience, business continuity, and risk management solutions, is releasing its new Scenario Simulation and Intelligence suite—enabling companies to simulate thousands of possible scenarios against their resilience plans and strategies to identify points of weakness at scale. Posted August 14, 2024 Ridge Security Enhances Proactive Exposure Management with RidgeBot 4.3.3 Ridge Security Technology Inc. is releasing RidgeBot version 4.3.3, introducing a powerful integration that enhances proactive exposure management for organizations—combining RidgeBot’s automated vulnerability detection and validation capabilities with leading…
Snowflake launches Cortex Analyst, an agentic AI… Snowflake launches Cortex Analyst, an agentic AI system for accurate data analytics Join our daily and weekly newsletters for the latest updates and exclusive content on industry-leading AI coverage. Learn More Snowflake is all set to deploy powerful language models for complex data work. Today, the company announced it is launching Cortex Analyst, an all-new agentic AI system for self-service analytics, in public preview. First announced during the company’s data cloud summit in June, Cortex Analyst is a fully managed service that provides businesses with a conversational interface to talk to their data. All the users have to do is…
54 Predictions About The State Of Data In 2021 54 Predictions About The State Of Data In 2021 From 2010 to 2020, the amount of data created, captured, copied, and consumed in the world increased from 1.2 trillion gigabytes to 59 trillion gigabytes, an almost 5,000% growth. What will data do in the coming decade? Happy New Year! getty 26 the five-year compound annual growth rate (CAGR) through 2024 of the data created, captured, copied, and consumed in the world; the amount of data created over the next three years will be more than the data created over the past 30 years [IDC] ⦨ Richard van Dijk ⦩ LinkedIn 22 the…
PowerDMARC Integrates with SecLytics for Advanced… PowerDMARC Integrates with SecLytics for Advanced Predictive Threat Intelligence Analysis PowerDMARC Provides Clients and Partners with Advanced Predictive Threat Intelligence Analysis through integration with SecLytics. Middletown, Delaware, United States – August 14, 2024 — PowerDMARC, a leader in AI-powered email authentication and domain security solutions, is excited to announce its integration with SecLytics, a pioneering cybersecurity company known for its expertise in predictive threat intelligence. The integration enhances PowerDMARC’s platform, offering users advanced detection and predictions on existing and emerging cyber threats. Business Intelligence Companies to Watch Out for in Predictive threat intelligence analysis is a game-changer in cybersecurity, enabling…
Power BI vs Tableau: Which is The Better BI Tool Salesforce unit Tableau to exit former headquarters in Seattle Tableau will give up its former headquarters in north Seattle, abandoning more than 110,000 square feet of offices by Lake Union. The data analytics software firm owned by San Francisco-based Salesforce will not renew its lease at the Fremont Lake Union Center at 837 North 34th Street, in Fremont, the Seattle Times reported. The lease expires at the end of this month. Salesforce, a cloud-based sales software company, bought Tableau in 2019 for $15.7 billion. Ryan Aytay, CEO for Tableau, is based in San Francisco. Power BI vs Tableau: Which is…
Business Intelligence and Analytics Fusion… You Won’t Need to Pay for Apple Intelligence Anytime Soon Despite several analyst reports that Apple will eventually charge for access to Apple Intelligence features, it’s unlikely it plans to do so anytime soon. While many, including Mark Gurman, believe that Apple’s focus on growing its services business makes a paid Apple Intelligence tier inevitable, the Bloomberg analyst is also convinced this won’t be coming in the near future — and that it’s unlikely to encompass any of the Apple Intelligence features that are slated to arrive in iOS 18 over the next year. In late June, Gurman suggested an “Apple…
The Coolest Business Analytics Companies Of The 2023… The Coolest Business Analytics Companies Of The 2023 Big Data 100 Part 1 of CRN’s Big Data 100 takes a look at the vendors solution providers should know in the data analytics and business intelligence space. Analytical Approach It’s no surprise that in diagrams and visual representations of big data IT systems, data analytics and visualization software are usually at the top of the big data “technology stack.” They are the software tools that business analysts and information workers use to gain understanding and insight from the exponentially growing volumes of data businesses are generating today and to share that…
Meta scraps celebrity AI chatbots after less than a year Artificial Intelligence Tech 2024-08-13T18:31:05Z Replika lets you buy an AI girlfriend or boyfriend — and its average user age is surprising Replika CEO Eugenia Kuyda said the app’s users are “mostly 35-plus and super engaged.” Some people have formed deep bonds with their AI companions. Tech 2024-08-13T13:40:11Z AI and security concerns fuel a shift to on-premises IT infrastructure as companies seek more control of data AI, data privacy, and security concerns are pushing companies to adopt hybrid IT infrastructure that combines on-prem hardware with cloud services. Business Intelligence PowerPoint Template PPT Templates The US and some of its allies just…
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Microsoft Dynamics vs. Salesforce: Comparison 2024… Microsoft Dynamics vs. Salesforce: Comparison 2024 Salesforce vs. Microsoft Dynamics 365 Overview Salesforce’s Sales Hub and Microsoft Dynamics 365 Sales are similar products that offer most of the CRM features you expect to find in standalone CRM software. We compare these two as the primary CRM offerings from both providers, though other products exist for marketing, customer service and other work management functions. Salesforce is a highly customizable CRM that teams can configure for almost any business need, while Microsoft Dynamics 365 serves as a centralized place for customer data for teams that already use it. Salesforce vs. Microsoft Dynamics…
Salesforce vs. Microsoft Dynamics 365 Overview Microsoft Dynamics vs. Salesforce: Comparison 2024 Salesforce vs. Microsoft Dynamics 365 Overview Salesforce’s Sales Hub and Microsoft Dynamics 365 Sales are similar products that offer most of the CRM features you expect to find in standalone CRM software. We compare these two as the primary CRM offerings from both providers, though other products exist for marketing, customer service and other work management functions. Salesforce is a highly customizable CRM that teams can configure for almost any business need, while Microsoft Dynamics 365 serves as a centralized place for customer data for teams that already use it. Salesforce vs. Microsoft Dynamics…
Embed a Power BI Report Server report using an iFrame in Transforming Your Organization with the Power of Business Intelligence Share Share Power BI - Data Visualization Microsoft Power Platform Share Email Embed a Power BI Report Server report using an iFrame in With the ability to drive strategic initiatives, make educated decisions and extract valuable insights from raw data, business intelligence (BI) has become a key enabler for organizational success. BI has revolutionized the way businesses operate and plan for the future in this age of intense competition and rapid technological advancement. One of the most powerful business intelligence tools available, Intellicus has provided tailored solutions…
Can AI even be open source? It’s complicated Can AI even be open source? It’s complicated zf L/Getty Images Without open source, there is no artificial intelligence (AI). Period. End of statement. It’s not just that AI’s early roots spring from the 1960s’ open language Lisp; the headline AI generative models, such as ChatGPT, Llama 2, and DALL-E, are built on solid, open-source foundations. However, those models and programs themselves are not open source. Also: AI scientist: ‘We need to think outside the large language model box’ Best Free and Open Business Intelligence Tools CIO Women Magazine Oh, I know that when Meta CEO Mark Zuckerberg unveiled Llama …
