If you believe better data is one of the top drivers of growth, you are not alone.
According to a 2019 survey, "Fortune 1000 companies are now recognizing that they must become more adept at leveraging their data assets if they are to compete successfully against highly agile data-driven competitors." - MIT Sloan Management Review
In the quest for differentiation among buy-and-build PE firms, everyone seems to be pointing to data as the next business alchemy.
The terms Big Data, Machine Learning, and Artificial Intelligence are bandied about at workshops and industry events as though they’re well-understood and commonly applied.
"If you want to motivate employees, stop following your instincts and adopt a data-driven approach." - Harvard Business Review
Data is trending, and while private equity deal teams increasingly give lip service to the importance of data-driven operations, their tactics often miss the mark. Of the hundreds of companies we've consulted for, nearly all default to Excel spreadsheets, PowerPoints, and PDFs to promote data intelligence.
Middle market private equity firms share a common denominator: their portfolio companies rely on a menagerie of software platforms to manage finances, sales, locations, product lines, services categories, ad nauseum.
Blue Margin, Inc., Microsoft Gold Partner in Data Analytics and Data Platform just released a VSTS Solution Template to provide project managers the insights they need to manage their portfolios. The VSTS Solution Template is an end-to-end data-management and business-intelligence solution that can be set up in just a few clicks.
At Blue Margin, we’ve experimented with various tactics to motivate our employees and executives (we sometimes feel like guinea pigs, but hey, it's important to eat your own guinea pig food). We're guessing you tinker in the same way at your company. Why? Because "How do we motivate our employees?" is a question that has surely dogged every employer since the first wage was paid.
Chances are, if you're reading this article, you're thinking about investing in a data warehouse.
If you are on the fence, you should read this, and if you are still not convinced you should read this. And if that isn’t enough pasta for you, here are 7 (and a half) more reasons launching a data warehouse is more than worth it.
That’s right. Unless you work in the retail sector (which has used data analytics to capture 30%-40% revenue and efficiency improvements over the past five years), chances are your industry has not capitalized on the growing business-intelligence wave. According to Harvard Business Review, even industries that have made significant investments into analytics have not seen the ROI they expected. Why?