Advanced Analytics Take Users to Higher Levels Than BI Alone
Advanced analytics take users to higher levels than BI alone Whether aimed at strategic or operational issues, advanced analytic software can dramatically improve the consistency and quality of decision making throughout an organization. This is because it enables decisions that are based on quantified costs, benefits and risks, rather than on pure instinct.Depending on the actions taken, organizations either save money or make more money. Advanced analytics builds on BI, causing some users to say, "Wow, I did not see that before." It helps them take actions they might never have considered-and for the highest possible profitability. Steve Palmer is co-CEO of Remsoft Inc. Steve's primary focus is on corporate strategy, finance and on expanding the company's growth in the areas of business intelligence and predictive analytics. Prior to joining Remsoft, Steve had an impressive career in the technology sector in New Brunswick. Most notable was his position as chief operating officer for Whitehill Technologies, where he played a key role in growing the company to the fifth-largest private software company in Canada. Steve holds a bachelor of science degree in biology and an MBA from Dalhousie University. He also holds the FCMA designation. Giving back to his community is a priority for Steve. He commits time and energy to mentoring others in the tech sector and spearheads the Rising Stars Program of the New Brunswick Knowledge Industry. Steve is also chair of the Greater Moncton Knowledge Industry Network and is a member of the Moncton Technology Planning Group. He can be reached at Steve@Remsoft.com.
At the same time, it weighs the opinions of experts against established priorities to allow for the genius of experience, and it accelerates the decision-making process, allowing managers to focus their time and attention on more pressing issues.