Business is a global game, where countries compete with each other to win the hearts and minds of their people as well as capturing the markets of other countries. This is a quite challenging task and hence organizations have to focus on strategic planning, research & development in order to gain competitive advantage.
Read more ...The entrepreneurial process is a continuous cycle of research, risk taking, and action. Entrepreneurship originates from having an idea and activities to make those ideas a reality bearing the risk of business and ownership. In contrast, management is an ongoing process of getting things done given the circumstances and challenges while making dynamic changes in the organization while not bearing the risk of ownership in a more decentralized environment instead of entrepreneurship. An entrepreneur is someone who starts a new business with innovative concepts, whereas management operates that business with various administrative functions. The difference between the two is growing rapidly in today’s competitive environment, as it becomes more essential for businesses to have the capabilities of both an entrepreneur and a manager at their disposal.
Read more ...Business intelligence is a collection of data and information that is used to make more informed decisions, explore trends, and measure performance in an organization. Business intelligence reports can provide insights that can help an organization make better decisions regarding operations, support sales growth and focus on competitive advantages. It is also a process for gathering, storing, maintaining and distributing data about your business so it can be analyzed to learn more about your business. Gaining an in-depth understanding of the current market, customer behaviors and needs, and actions that need to be taken to support the company's growth strategies is critical for success, but it's much easier to do so when you have accurate data. The ability to gather, analyze, and optimize all of this information with a user-friendly analytics platform will help your team succeed in an increasingly competitive marketplace. Business intelligence, or BI, is a set of technologies that help data analysts gain insight into the performance, structure and content of large datasets. A business intelligence tool is an app, software program, or other analytics solution that supports the automation of the collection and processing of vast amounts of raw data from systems throughout the business. BI tools can also be used to create reports from query responses (that facilitate decision making) or to optimize query responses using machine learning techniques in conjunction with SQL-style joins.
Read more ...What is the internet of things (IoT)? The Internet of Things (IoT) is a system of interrelated computing devices, mechanical and digital machines, objects, animals or people that communicate over the network without requiring human-to-human or human-to-computer interaction.
Read more ...As the world has locked down to combat the dreaded pandemic, it has done so in conjunction with a massive drop in consumer spending. In fact, over the past few months take up of common household goods have dropped by 22%. This is a particularly concerning finding as it suggests potential market penetration for brands aiming for high levels of growth. This year's global consumer sentiment index has been a rollercoaster: we saw one of the lowest levels ever recorded, while the second quarter of 2020 was actually the most optimistic period in history – and we’re expecting another downward shift in 2021. With that said, things are starting to look up for the rest of 2020 – here are all 5 consumer trends you need to know, to help you plan your marketing strategy for the rest of 2020 and beyond.
Read more ...Technology and medicine go hand in hand, thanks to steady advances in pharmaceuticals, as well as the medical field. The progression of new technology is an exciting time for those who are on the cutting edge of this growing industry. From modern doctor's offices to home technology and more, here are the top 10 new medical technologies we can expect in 2022.
Read more ...The history of waterfall and agile methodologies is a long one. The Agile movement was born out of the software world in Japan in the late 1980s, but only really gained momentum among software developers in the west during the late 1990’s. While both methodologies have a lot to offer, they are so different that many people feel they are at odds with each other. For the past decade, methodologies have been widely used in industry as a way to help companies analyze, plan and execute their projects. However, there are several differences between process-driven and user-centered methods that can influence your decision on which methodology is best suited for your project. In this article, we will explore these differences – what they mean and how they can impact the success of your project. Waterfall projects are linear, sequential and well-defined models that provide the necessary guidance and structure for project definition. This process makes it easy to gather stakeholder feedback, identify issues and concerns, develop a plan and define requirements before development begins. Agile is a kind of software development process that requires a focus on quality over quantity. It typically uses iterative, incremental tasks and processes in combination with collaboration among parties at all levels of the project. A key feature of Agile is its utilization of feedback, which enables continuous improvement throughout the product lifecycle.
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