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Microsoft Excel is one of the most commonly used tools for strategic planning and users are very familiar with it, about 60% of businesses were still using Excel in recent years. Because of this, one might expect that people using it have a favorable view of Excel planning. While Excel is familiar to users, it has many downsides for planning. It requires a lot of manual processes and correction, is prone to errors, has poor or lacks at all version control, and tends to be very slow, maybe even break, when using a lot of data. In this article, we are going to address a few of them and how to minimize them by adding IBM Planning Analytics to Excel.
Budgeting and forecasting have become an important and inevitable part of leadership tools. Budgets for the next year and forecasts of the current year should be made available to all personnel from strategic to operational levels, it should integrate the whole organization and lead management in making their decisions. However, when the company’s budgeting period starting date is approaching, such a great idea for most of the employees responsible for coordinating and creating a budget (usually controllers) turns into a nightmare.
At some point in time, you've probably come across the term Data Science and like the majority of people, it sounded interesting, but also complicated. So many terms, statistics, but no examples of how to use it for your business. Today, we are going to show you how to use text analytics to understand your customers and business better.
Every day a mass quantity of data is being produced, and without proper analytics solution, we can surely say we would be drowning in data. This is why data analysts are in demand across the market in all industries.
In order for you to know how something works, you are bound to understand which components the solution consists of. In this blog we will guide you through all four components of PI Analytics Solution.
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