As the amount of available data stored by businesses and individuals continues to grow so does the risk that the data can be accessed by unauthorized individuals. Below is a list of tips to help a business or individual keep their data secure. Don’t miss: IRS transcripts masked for identity protection Antivirus Software – Antivirus …
As discussed in the blog on dashboards and visualizations, there are increased benefits when integrating multiple software packages a company uses, such as general ledger, inventory management, customer relationship management, human resource information system and point-of-sale systems. Once the applicable software packages are integrated, the customized reports and analytics can be prepared. Don’t miss: Transfer …
While accountants are used to viewing data in a multitude of rows, columns and pivot tables, most people struggle with seeing any patterns in rows of numbers. The implementation of visualizations through data analytic dashboards allow for you to view data in a user-friendly environment in easy to understand visuals. In addition, the creation of …
Predictive analytics is the utilization of analytics to forecast what will happen in a business. Predictive analytics is the usage of everything gathered in descriptive and diagnostic analytics along with the continued use of modeling, machine learning and risk assessments to make predictions about future events/trends by scoring data and forecasting. Predictive analytics are generated …
Diagnostic analytics uses analytics to describe why something happened. Diagnostic analytics takes the development of descriptive analytics a step further and is generating a root cause analysis to see: What caused the company’s sales last month, last quarter, last year to increase or decrease? Why were there changes in the company’s largest customer? Why were …
Descriptive analytics is the utilization of analytics to describe what happened. Generally, descriptive analytics entails the gathering of historical data/transactions and using this data to answer questions about the past and provide context to historical activity. Questions like: What were the Company’s sales last month, last quarter, last year? Who were the Company’s largest and …