business insights examples

In the end, an approach that focuses primarily on tools while overlooking data and strategy will not add significant value. 3. The analysis can lead to insights that aren’t necessary actionable but are just as vital. It helps in shifting the perception on the importance of a situation, the situation might be a problem, a risk or an opportunity. For example, you may think that class size is an issue, but if students don’t mention it, no action to fix it is needed. This provides more than low-level understanding of an issue, giving you deeper insight into major mechanics related to your particular business.

That is why many turn to business insights -- a holistic approach to capturing and analyzing data that helps them predict the impact of their decisions on future success. Not everything is worth measuring, but data analysis can validate one’s assumptions. Business Insights: Learning from the Future Ever driven a car with your eyes fixed on the rear-view mirror? An expanded approach is a horizontal application - extracting data that crosses the organization, connecting all relative pieces together to give you a common look and feel for predicting the future. Example: “We enjoy using our outdoor pool but are often bothered by Mosquitos.

This application helps you see the consequences of moving the levers of your business.

2. But one element remains constant:  success stems from solid decision-making based on solid data. Mike Gorsage is a Partner and Leader of the Business Operations and Technology Practice for Tatum LLC. Our Business Insights cover topics surrounding risk management in financial institutions globally, including best practices for balance sheet management, credit origination, data management, insurance, investment and pensions, portfolio management, and structured finance.


For example, let's say you wish to change your inventory management processes.

You won't get far, and neither will companies that base their strategies solely on past performance. Today, business intelligence must rise to the level of business insights -- a more sophisticated approach that gives your executives the information they need to drill into each area covered by a dashboard and play "what if" scenarios, based not just on a historic perspective, but also a prospective one. Ever driven a car with your eyes fixed on the rear-view mirror? When you understand the true worth of business insights, you support smarter, more agile decision-making within your organization and build strategic advantage. https://www.cmnty.com/blog/examples-how-to-use-consumer-insights

Learn how to write a powerful consumer insight that inspires your team.

A business insight combines data and analysis to find meaning in and increase understanding of a situation, resulting in some competitive advantage for your business.

Business insights allows you to look ahead to see its potential effects on areas like cash flow, staffing, delivery times or liquidity. As you shift your focus to business insights, keep in mind that it's not just about the tools -- it's about building a robust enterprise capability that enables you to take operational characteristics and turn them from analytical data into useful, predictive data to manage your business either on a current, real-time basis or on a future predictability basis.

This type of insight helps you predict how your decisions will impact your business, customers and profitability. The data you capture may only offer a snapshot view of your business, making your intelligence unfortunately short-sighted. But look beyond the tools for a moment. By raising your business intelligence to the level of business insights, you can obtain new barometers of knowledge about your business and how it's performing. This use of business insights is a vertical application that looks at departmental functions.

Today's organizations must constantly reinvent themselves to adapt to changing conditions.

In the past, business insights have been used primarily for sales forecasting and reviewing knowledge around areas like supply chain or customer and product profitability -- all of which line operations people need to make strategic decisions.

Tatum is the nation's largest executive services firm, providing financial and technology leadership nationwide. Consumer insights are the foundation of innovative product and service development. Business / 7+ Selling Insight Examples & Templates in PDF. Insight selling is market research or experience used or shared to make others observe things differently. https://www.disruptiveadvertising.com/business/business-to-business-examples When your approach includes both reflective and predictive perspectives, you can get much more out of the tools you're using to balance risks and rewards and set strategy more effectively. Insight > No Action Required. In the last few years, companies have invested heavily in technologies such as SAS software, Business Objects and Hyperion, all of which are designed to help capture higher quality data.

As you tweak the dials and levers of your business, it is absolutely critical to have the information you need to keep from flying blind in today's tough economic climate. But creating value requires more than an investment in technology – it requires a comprehensive data model and strategy. And the best purpose for which sellers often opt for it is that it helps in strengthening the buyer and seller …
If you rely too heavily on dashboards, your view of the company may be too high level, missing key details on specific performance issues.

How smart is your organization's approach to business intelligence?


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