Business Intelligence: How to get timely data in a volatile global environment [Sponsored]

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Sponsored by East Baton Rouge Parish Library

 

 

Disciplined data collection is one of the primary requirements of any organization. Business intelligence (BI) brings together a formidable mix of best practices, business analytics, data mining, data visualization, data tools and infrastructure, enabling an organization to make better, data-driven decisions.

BI lays emphasis on gathering the correct metrics during data collection and makes it possible to organize otherwise unmanageable data into controllable streams and to put it into radical uses.

Taking a comprehensive view of your organization’s data gives you the info you need to eliminate inefficiencies and quickly adapt to market or supply changes, all while driving change. The East Baton Rouge Parish Library gives your team the training it needs for free. 

Businesses thrive with access to good data and it’s important that your team knows how to access, analyze, and apply it. The Library can help with a comprehensive employee training and development plan that’s innovative, relevant and adapted for new market conditions and challenges. Establish the right resources and courses for your team with help from EBRPL Reference Services Coordinator, Andrew Tadman and his knowledgeable business librarians. Tadman shares some of the BI resources that have proven most useful to Baton Rouge businesses.

Intelligent Business—Free tools at your disposal through the Library

Business Intelligence is ever-growing in popularity as a performance improvement tool for businesses. That is because BI provides a lot of advantages over conventional systems.

The right Business Intelligence can deliver up to a ten-fold increase in ROI. In fact, the organizations that do use BI see up to a five-time increase in decision-making speed. What’s more, stats show that businesses leave a whopping 99.5% of raw data un-utilized.

  • Statista: A reliable leading global statistics resource. Stay on top of trending topics like research and data measuring the economic impacts of the ongoing Ukraine invasion. Access 170 different Industry outlooks, and download PDF reports and useful infographics.
  • Standard & Poors NetAdvantage: Detailed company information, surveys (produced by CFRA) on industry trends and forecasts. Get to know major players and access market share data, key ratios, and statistics.
  • Mergent Intellect: Offering public and private business data, both domestic and internationally. Explore consumer data, First Research industry profiles, current Dun & Bradstreet Key Business Ratios.
  • Data Axle Reference Solutions: Local actionable data on our region’s consumer markets, including the ability to generate sales list contacts based on interests.
  • Gale Business: DemographicsNow: Analyze local demographic, business and residential data to gain consumer and market insights. The demographics tool leverages census data, consumer expenditures, retail spending, and Mosaic Lifestyle market segmentation groupings.

Help when you need it:

Visit the Library’s YouTube channel for simple explanations about how to get the most out of the Digital Library and other business resources. You can also let librarians do the research for you, or give you an overview of its business resources that can help. Tadman’s staff can meet with you to customize a curriculum to meet your unique needs. To set up a consultation or ask a question email smallbusiness@ebrpl.com or call 225-231-3750.