Inflation is a macroeconomic indicator that is measured by year-on-year (y-o-y) price change for consumer goods and services in an economy. The calculation of inflation is simple but it has a wide range of impacts on the economy. Inflation is important because it affects all aspects of the economy, from the wages people get paid to the value of their homes, from business investments to consumer spending decisions. Since prices are only one part of overall economic activity, inflation is often seen as a secondary concern compared to unemployment and growth in GDP.
Read more ...Business intelligence (BI) and business analytics are often used interchangeably. While both fields are closely related and often depend on one another, there are key differences between them. Business intelligence refers to tools and strategies that help businesses access the data they need to run their day-to-day operations, such as predictive analytics, KPI dashboards, and data extraction tools. Business analytics focuses more on understanding the information that is available and how it can be used for decision making. This distinction allows businesses to determine when each tool may be best applied. Business intelligence and business analytics are two of the most important fields in business, but they’re often used interchangeably. Business intelligence focuses on collecting and analyzing data, while business analytics employs new computational technologies to generate predictive insights. This article offers an overview of each field, explains the differences between them, and explores how both can support decision-making processes and improve organizational performance.
Read more ...A procurement plan is the starting point for a sourcing process.
Read more ...Marketing can be a tricky thing for small businesses. You know you need to do it, but don’t have the time or money to invest in a full-fledged marketing department. What’s a small business to do? The good news is that there are several strategies out there that work really well for small businesses. In this blog post, we will discuss some of these strategies and how they can help your business grow and succeed. From understanding your target audience to utilizing digital marketing tools, we will provide tips and advice on how to create an effective marketing strategy tailored specifically for your small business.
Read more ...If you are doing business on Instagram, then you are not just selling products or content to a certain target market. You also need to conduct regularly how to find customers on instagram to expand your customer file. Do you often post sales on facebook without any interaction? There are many reasons, it may be because people on your friends list are not interested in your product, or for some other reason, but I would definitely try to get their attention and make them aware of what you're doing. Your product is nessesary for solving a problem. To solve this problem, you need to find and connect people who are interested in your product. In a simple and understandable way, you need to find potential customers and make friends with them. Advertising is the way that people have of getting into the business of selling. Advertising is not a guarantee that you will make a sale, it’s just another way to reach as many people as possible in order to make more sales. Advertisers spend money running ads to get their message across, but this does not necessarily guarantee you will make a sale. If there are no sales, then the money spent on advertising disappears and you have wasted it.
Read more ...Agile businesses are poised to take advantage of the enormous opportunity that Digital Transformation represents. This presentation will focus on the five key phases of Digital Transformation, each being fully explained in detail. With an energetic presenter and a rich learning environment, we’ll dive right into this topic, understand what you need to do, and help you find your best path through the third digitized age.
Read more ...The mobile-first indexing update (sometimes called the "Mobilegeddon" update) has been rolling out slowly over the past year. When it makes a full rollout in March 2021, more than 70% of all known, crawled sites will be switched to mobile-friendly indexing and Google will begin to punish non-compliant websites with poor performance by seeding them lower in search results. This is a serious issue for businesses because it means that millions of crawling computers are actively seeking out non-mobile versions of your site, which causes your business site to rank lower than its competitors on mobile searches. Here are all the things you need to do before March 2021
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