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Peerview Data Insights

This Is How Your Business Will Be Disrupted

 
Greg Satell, author of "Mapping Innovation," has a good blog post about disruption that seems particularly relevant to CPAs and other professional services.
 
 
You can read the entire post here, but the first two paragraphs really drive home the point that  most companies focus on  doing what they do better, which is good for the short term, but also need to focus on adapting what they do because that's the only way to succeed in the long term given the way customer needs change.
Topics: Analytics big data Benchmarking CPAs Accounting Trends Accountants Competition Warren Buffet

The ROI of Big Data, Analytics & Benchmarking #19

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Topics: Analytics big data Accounting Software Benchmarking CPAs Accounting Trends AICPA Accountants Competition ROI

The ROI of Big Data, Analytics & Benchmarking #20

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Topics: Analytics big data Accounting Software Benchmarking CPAs Accounting Trends AICPA Accountants Competition ROI

Peerview Data Welcomes New Customer, ATX Advisory Services

Peerview Data would like to recognize and thank our new customer, ATX Advisory Services, headquartered in Boston, Massachusetts, for selecting us as their benchmarking and comparative analytics solution.

Topics: Competitive Analytics Benchmarking CPAs Accountants

The ROI of Big Data, Analytics & Benchmarking #18

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Topics: Analytics big data Accounting Software Benchmarking CPAs Accounting Trends AICPA Accountants Competition ROI

What CEOs Can Learn From Walt Disney

This article from Entrepreneur  draws leaderships lessons from Walt Disney.  While it's intended for entrepreneurs, the lessons also apply to mainstream CEOs.
 
Two quotes stand out because they give insight into why and  how he was able to be remain so consistently innovative:
 
Times and conditions change so rapidly that we must keep our aim constantly focused on the future."  
We keep moving forward, opening new doors, and doing new things, because we're curious and curiosity keeps leading us down new paths."  
Topics: Small Business Analytics big data Benchmarking Accounting Trends

The ROI of Big Data, Analytics & Benchmarking #17

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Topics: Analytics big data Accounting Software Benchmarking CPAs Accounting Trends AICPA Accountants Competition ROI

The ROI of Big Data, Analytics & Benchmarking #16

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Topics: Analytics big data Accounting Software Benchmarking CPAs Accounting Trends AICPA Accountants Competition ROI

Is The New Ad Agency A CPA Firm?

As an industry, professional services firms used to be narrowly defined by area of expertise:  accounting, advertising, public relations, law, design, engineering, architecture, software development, etc.
 
That's all changing.
 
A couple of headlines jumped out recently to illustrate that point:
 
It's not that advertising's traditional domains (creative and media buying) don't matter to clients, it's that other services matter more.
 
As  Alice Hatch, head of Deloitte Digital points out " The role of the chief marketing officer is changing. The CMO is playing a completely different role in the C-suite and in the boardroom now." To serve those expanded needs means "you need a much broader base of capabilities and understanding of business and technology strategy, understanding of depth, data and analytics — that is not what the agency model was built on originally."
 
What's bad news for agencies is good news for CPAs.
 
Sound strange?
 
Not if you consider the way overlapping and complimentary client needs influence the way professional services firms are structured.
Topics: Small Business Analytics Advertising big data Accounting Trends Marketing CMO

Why Benchmark Your Performance? Mark Cuban Makes A Compelling Case  In A Single Sentence

If you don't know how you compare, you can't compete.

Topics: Small Business Analytics big data Benchmarking Accounting Trends

The ROI of Big Data, Analytics & Benchmarking #15

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Topics: Analytics big data Accounting Software Benchmarking CPAs Accounting Trends AICPA Accountants Competition ROI

The ROI of Big Data, Analytics & Benchmarking #14

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Topics: Analytics big data Accounting Software Benchmarking CPAs Accounting Trends AICPA Accountants Competition ROI

What Happens If You Wait Too Long To Embrace Big Data, Analytics and Benchmarking?

Most companies have come to accept the fact that there are significant benefits to being data-driven. 
 
The problem is knowing that and acting on that are two different propositions.
 
This paragraph from  a recent post on 7wData speaks directly to the danger in waiting too long to embrace Big Data, analytics and benchmarking:
 
As the McKinsey Global Institute (MGI) declares, big data is shaping up to be a “winner-take-most” proposition, where leading companies will press their advantages and laggards are at the mercy of wholesale technological shifts that promise to upend entire industries.

Not convinced? Leading companies are not only leveraging big data and analytics to improve internal processes but they’re also creating alternative business models and new revenue streams. In other words, big data tends to bolster competitive advantages in innovation, personalization and operational efficiency."
To put it more bluntly, those who are first will last, those who are last will fail.
 
Topics: Small Business Analytics big data Benchmarking Accounting Trends

A Big Data, Analytics And Benchmarking Quote To Keep In Mind For Q4


 
Topics: Small Business Analytics big data Benchmarking Accounting Trends

The ROI of Retention #2

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Topics: Analytics big data Accounting Software Benchmarking CPAs Accounting Trends AICPA Accountants Competition ROI

How Much Financial Data Should Private Companies Share With Employees?

A good read from Entrepreneur lays out some of the benefits private companies get when they share financials with employees.
 
Key quote:
 
"When employees see the financial ramifications of their role and their work, those revelations minimize unintentional actions that undermine business goal."
The article also includes some  essentials to consideration in order to make this kind of transparency work, including the need for employees to have some basic financial literacy so they understand the numbers they're seeing.
 
(Full disclosure: Some of our clients use our app to make financials available to their employees in a safe, secure, easy-to-understand way.)
 
Topics: Small Business Analytics big data Benchmarking Accounting Trends

The ROI of Big Data, Analytics & Benchmarking #13

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Topics: Analytics big data Accounting Software Benchmarking CPAs Accounting Trends AICPA Accountants Competition ROI