How Retailers Use Business Intelligence to Turn Data into Dollars

What is Business Intelligence and Why is it Important for Retailers?

Developing business strategy for decision making using BI reports

Business intelligence, also called BI, or analytics, is an umbrella term referring to the numerous tools in place for collecting, analyzing, and presenting business data. Numerous modes of technology, including applications, can be implemented in the capture of this valuable information. With accurate BI, retailers get to see the current state of business operations.

Business intelligence is important for retailers because it offers a new perspective on the big picture. For instance, BI can be used to prevent fraud and stop revenue loss early thanks to verifiable data trends. BI can also help teams make better decisions when it comes to retail purchases and allocations.…

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New CBI Index Reveals a Bright Future in The Cyber Age, with Increased Security and Cryptocurrency Considerations

The 2018 CBI Index – a special report published by the Financial Times’ Professional Wealth Management magazine – have revealed that some countries offering second citizenship programmes are preparing for the cyber age by considering investment via cryptocurrency, and that a majority of these countries are utilising technology to improve their due diligence measures.

Second citizenship programme by cryptocurrency investment

Cryptocurrency & CBI

2017 and 2018 saw the rise of cryptocurrency – virtual currencies that enable financial transactions between persons without the need for banks, or other centralised financial intermediaries. Crucially, cryptocurrencies allow secure transactions through advanced cryptography recorded on a blockchain ledger.

As with many new technologies, there has been hesitation in the industry as to whether to allow investment via cryptocurrency.…

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6 Tools Everyone in the Virtual Office Industry Should Be Using

Virtual offices have streamlined the way business is conducted for many companies, eliminating the need and overhead associated with hiring in-house receptionists and administrative staff. In fact, virtual offices have nearly replaced physical offices, and the rise of virtual offices have saved many, many companies the costs of opening up shop in a new space.

Virtual offices should use these business tools

Virtual offices are used by companies ranging from startups to corporations looking to open a headquarters in a new area. A survey revealed that 70% of large corporations are using virtual offices, while 62% of small businesses are now using virtual offices.

Through this article, our friends at VirtualOffice.Sydney are going to share with you six major tools that all virtual offices should be using.…

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Advantages of Using Linux Servers in Businesses

One of the longest standing debates among IT professionals is whether Linux servers are better than Windows servers are. Windows supporters firmly stand with its familiarity and safety. Moreover, the more open-minded system admins would rather stick with Linux for its open source goodies.

Linux servers

However, is one platform better than the competitor is, or is it just because some businesses have a preference of one over the other? Below is a look at what each of these platforms has to offer and whether the open source option is the best way to go for all types of businesses.

Better Control

The decision to switch over to a Linux server has in the past sparked lots of debate.…

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4 Common Mistakes that Can Ruin Any Business Blog

In the modern business world, information is quickly becoming the most valuable currency. Thanks in part to the rise of electronic shopping, contemporary consumers are accustomed to researching just about every product before they make a purchase.

Businessman reading business blog

Indeed, even B2C transactions have become more complex and nuanced in this digital age. As such, companies that can write quality content –– and promote it effectively –– have a distinct advantage over competitors that don’t. After all, if a customer is willing to read your blog, they’re much more likely trust your recommendations.

Unfortunately, while many businesses understand the need for a professional blog on their site, considerably fewer prioritize their blog-writing process.…

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The Risks of Physical Documents: Why Your Business Should Consider Going Paperless

Even in 2018, many businesses still retain the use of physical documents — otherwise known as paper — as a method of record keeping. There are numerous reasons why businesses still do this: it might be for ease of access, they believe it legally necessary or simply because they’ve been operating for decades and this is how they’ve always managed their files.

Paper documentation, however, carries risks.

Damaged old documents

In the modern day, there are very few reasons to still genuinely use physical records and files over digital ones. What’s more, there existence brings with them numerous threats many businesses should be keen to avoid.…

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5 Ways a Customer Data Platform Makes Your Business More Efficient

Think about the way you currently shop; maybe you see something you like in a shop window, research it online, add it to your basket and then forgo checking out in favour of picking it up next time you walk by the store. Most shopping experiences are a variation on that kind of process as the days of simply going into store and buying an item are long gone.

Customer data platform

Consumers want additional information prior to making purchasing decisions and the method of purchasing has also become more fluid: home or work computer, phone, tablet, in store. This presents a challenge to marketers as capturing the customer at different parts of the customer journey grows more complex, seemingly by the minute.…

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5 Ways Employee Scheduling Software Makes Life Easier

In 2017, there were more than 80 million hourly workers in the US alone and since you’re reading this, some of those people might be working under your employ.

Using scheduling software

Whether you have hundreds of employees or just 10, keeping track of each and every employee can become a headache in the long run. And it’s not like you can skip on such an important activity. Every business needs to look after their employees’ work hours, leaves, overtime and so much more and if a business fails to do so, it can lead to dissatisfaction among employees, increased turnover and ultimately a loss to the business.…

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Customer Satisfaction: A Brand Maker

Customer satisfaction is not a fuel pump standing somewhere on your way which helps your organisation to re-energize but it’s the vast road. It is the way over which your organisation moves and becomes a world-class service giver. Especially in the field of grocery delivery, customer satisfaction is the support system. Because with a little focus on the customers, a one-time customer can become loyal for the lifetime. It’s definitely not an exaggeration to compliment it by saying customer satisfaction, a brand maker.

Grocery delivery man

Let’s see how customer satisfaction can crown a grocery delivery platform. When company focuses on people not profits, the profits are themselves taken care of.…

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Your Business Needs to Be Listed on These 6 Cost-Effective Directories & Social Platforms

Does your business suffer from under-listing?

If you feel like your marketing team is doing everything right and still failing to produce the results you (think) it deserves, perhaps you’re not speaking to the right crowd.

Business platforms for marketing

Make that crowds, actually. See, Internet users aren’t monolithic. Just as every independently owned business has a unique mix of customers and fans, every social media platform and business directory has a slightly different mix of users and viewers. Your company — and its principals, in many cases — need to get in front of as many different groups of said users and viewers as its resources allow.…

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