Insight Strategies
Data Collection
Intelligence
Insights
Creating Value with Predictive Insights
Key Performance Indicators
Understanding Trends through Visual Analysis
Discovery
Concepts 
skills, technologies, practices for continuous iterative exploration, and investigation of past business performance to gain
insight and drive business planning
...1 Applications of Predictive Analytics Customer Retention: Identifying at-risk customers and implementing
strategies to retain them
...
Data Collection 
Qualitative Data Collection Methods Interviews: One-on-one discussions that provide in-depth
insights into participant perspectives
...Risk Management: Data can identify potential risks and help in developing mitigation
strategies ...
Intelligence 
intelligence into business processes provides numerous advantages, including: Improved Decision-Making: Data-driven
insights enhance the quality of decisions made by management
...Churn Prediction: Predictive models help businesses identify customers likely to leave, enabling retention
strategies ...
Insights 
Insights in the context of business analytics and predictive analytics refer to the actionable information derived from data analysis that can guide decision-making processes
...These insights are critical for organizations aiming to enhance their operational efficiency, optimize their
strategies, and ultimately achieve their business goals
...
Creating Value with Predictive Insights 
Predictive
insights refer to the use of data analysis and statistical algorithms to identify the likelihood of future outcomes based on historical data
...Marketing Customer Segmentation Enables targeted marketing
strategies, improving conversion rates
...
Key Performance Indicators 
Lagging KPIs: These reflect the outcomes of past actions and are often used to assess the effectiveness of
strategies ...Keep it Simple: Focus on a few key indicators that provide the most
insight into performance
...
Understanding Trends through Visual Analysis 
Visual Analysis? Visual analysis refers to the use of graphical representations of data to facilitate understanding and
insight ...Marketers can utilize dashboards to visualize key performance indicators (KPIs), enabling them to adjust
strategies in real-time
...
Discovery 
In the context of business, "discovery" refers to the process of uncovering
insights and information that can drive strategic decision-making
...The insights gained during this phase can inform a variety of business
strategies, including marketing campaigns, product development, and operational improvements
...
Leveraging Business Intelligence Tools 
These tools enable businesses to collect, analyze, and visualize data to gain actionable
insights, improve operational efficiency, and drive strategic initiatives
...This article explores various aspects of leveraging BI tools, including types of tools, benefits, implementation
strategies, and best practices
...
Leveraging Data for Strategic Decisions 
This data can be categorized into three main types: Descriptive Data: Provides
insights into past performance, answering the question "What happened?" Predictive Data: Uses statistical models and machine learning techniques to forecast future outcomes, answering the question "What could happen?"
...Resistance to Change: Employees may resist adopting new data-driven approaches, requiring change management
strategies ...
Mit den besten Ideen nebenberuflich selbstständig machen
Der Trend bei der Selbständigkeit ist auf gute Ideen zu setzen und dabei vieleich auch noch nebenberuflich zu starten - am besten mit einem guten Konzept ...