by Stephanie Rabinowotz | Sep 16, 2015 | Business Transformation
The key to saving money is to not spend it on the unnecessary. Well how do you decide what is necessary and not? This is sometimes a tricky tango that involves taking risks and investing in the resources you have.
Save money with more user friendly technology!
This means, don’t buy programs for your company that are so complex they require you to hire an entire IT team just to manage them. People love simple. Why is that? Because it is efficient, it allows us to spend more time on the important things rather than wrestling with the difficult.
One company that has grasped this concept is Salesforce. Some of you out there might be thinking whoa whoa wait a second, Salesforce, simple? Salesforce has just announced their launch of IoT Cloud which is a tool that workers can use to program unique actions based on Big Data. This tool takes Data from websites, social media, and internet devices and puts in in the hands of its user.
Not only does this tool make it much easier for a sales team to gain access to information, but it is also simple enough for a non “techy” person to use daily. The great part about this program is that any business that uses Salesforce can get an upgraded version without having to worry about if it is too complicated for their sales staff to use.
The best way to save money in a business is to invest in the people you already have, give them the tools needed to be successful and make things simple. Instead of spending money on an IT team, it is more beneficial to purchase an easy to use program and train your current staff to manage it.
To find out just how simple Big Data can make your life, CHECK OUT THIS VIDEO!
by Stephanie Rabinowotz | Sep 14, 2015 | Big Data
It is that time of year, Football Season! As fans gear up for a spirited Fall filled with beer, food and trash talking, others are focused on their fantasy leagues. Fantasy football has become a huge part of the football industry and continues to grow in popularity each season.
Many may wonder if there is strategy to fantasy football and if so, what is it? This really depends, some people draft based off of player stats from the previous year, professional predictions, or who is on their favored team. It is important to draft and play with a strategy in mind as most of these leagues can have a big payout.
As technology continues to advance, many sports fans are turning to draft optimizers to help them choose the best players. What are these optimizers and how do they help? These sites are homes for football Big Data, mass amounts of data about season player stats, professional predictions, injury reports, and preseason stats are all collected and analyzed to pump out predictions for a player’s success.
As discussed many time before Big Data = Information! The more informed you are about a certain player allows you to make smarter draft picks and set up a kick ass line up each week. Big Data helps people avoid drafting a star player who just suffered a season ending ACL tear earlier that week.
Big Data used in fantasy football leads to big payouts. So what are you going to do, pick all Broncos players because they are your favorite team or use the information at hand to form an unstoppable line up?
Find out more on how Big Data is changing our everyday decisions in this short article!
by Stephanie Rabinowotz | Sep 11, 2015 | Business Intelligence
The scariest thing about change is that many people don’t know they need it. The only way to better yourself or your business is to change! What does change have to do with saving money? If you are asking that question you probably need some sort of change. The questions you should be asking are,
- How can I change my company?
- Who can help me see the changes I need to make?
- Where should I start?
The answer is simple! Cliintel is a business consulting company that works with larger corporations to explain their data and make their production more efficient. In their new booklet, Big Data Tips 1-2-3, Cliintel explains how business optimization through utilizing data can not only save you money, but make a lot of it. Learn how to take your company to the next level by ensuring returning customers and a quality product.
by Stephanie Rabinowotz | Sep 9, 2015 | Business Transformation
As the average American I hear gas and oil and automatically picture money flying out of my wallet. Assuming that this is the mindset of most of our population, it is hard to feel bad for the oil and gas companies when we hear they are losing money. The problem is that most people don’t look at both sides of the situation- the lower our gas prices become, the more employees that being laid off in the oil and gas industry.
The oil and gas companies have been living in luxury for a number of years, but now that the price of gas per barrel is dropping the industry must be more cautious in the way they operate. The big oil and gas companies are now turning to Big Data to make their operations more efficient.
Startups such as Tachyus are jumping at the opportunity to develop models that will aid in the oil and gas industry. Tachyus has a data model that is helping oil production increase by 20%-30%. These data models can predict mechanical failures and stimulate specific wells by calculation optimal settings such as water injection rates. As oil and gas companies acquire more information about each unique well, they will be able to specialize maintenance, allowing each well to produce at its full potential, while also preventing spills.
As the oil and gas companies learn to operate more efficiently they will hopefully be able to create more jobs again and no longer have to make any more cuts.
Let us know what you think, this is an oil and gas conversation… I know you have an opinion!
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by Stephanie Rabinowotz | Sep 4, 2015 | Business Optimization
The saying “Time is Money” is one that has always been true whether you take it in the sense that life is short and therefore time is precious or more literally as in the amount of money you can make per hour. In regard to most businesses the saying is more about the second interpretation. What businesses should be asking is how can we make more money for our hour?
You cannot stretch time so the value that must be manipulated in money, and you make more money by being more productive. Therefore it all comes down to efficiency. Efficiency is something everyone strives for; being able to be more productive in a shorter amount of time.
The way to be more productive is to make whatever you are doing easier. This was the case for Pioneer West Virginia Credit Union who discovered their lack of efficiency in managing their 12,000 members. Before the use of Big Data Pioneer was receiving monthly status reports that were outdated and fragmented. Not only were the reports outdated but some poor employee was wasting hours on putting it together every month on a spreadsheet.
Pioneer also discovered they had excessive delinquency ratios on loans and were unsure how to fix it. Once Pioneer began using their Big Data as a tool they began receiving status reports daily and cut their loan delinquency from 150 basis points to 14 basis points. Not to mention that poor employee that was previously doing the reports manually, now has time to actually do his job.
This is a very small scale example of how Big Data can save money but it also shows that Big Data is not something just for the big boys, it is extremely useful for any business. No matter what you do, being more efficient leads to making more money. The best way to be more efficient is to use the tools and information available to make your job easier.
See how Big Data can make your job easier in this short video.
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