Peerview Data Insights

You never know how behind you were until you finally get ahead. When you finally decide to start analyzing and benchmarking your company’s data, you start to wonder how you ever got along before.

We came across this article by Mike Kappel on Entrepreneur.com the other day that hit the nail on the head in terms of making sense of the importance of monitoring your company's status. As Kappel reflected on how his small business benefitted or took hits as results of him tracking or not tracking the status of his company's data- in this scenario, in the case of financial ratios. 

This piece from TIME allows us to act as a bug on a wall as IBM’s Ginni Rometty speaks with 100 CEOs about the future of their companies and businesses in general. While author, Alan Murray, cannot give specifics he is able to provide us with a few pointers provided by some of the world’s most successful business leaders.

One insight that stands out is that "Data has become their most powerful asset (although turning that data into intelligence is still a critical challenge)."

It’s clear that incorporating Big Data into your company has its benefits. Any quick Google search or scroll through your LinkedIn feed will undoubtedly lead you to several articles screaming about Big Data from the rooftops- with good reason, too.

Entrepreneur.com did a round up of all of the cities that are newly humming with the buzz of the tech industry outside of Silicon Valley. The list includes some of the most amazing cities in the US... but we'll admit we're a little partial to number three. 

As a CPA, you might think that high fees, limited expertise or even bad service would be the main reason you lose clients, but No. 1 on the list — cited by 72% of respondents in a survey by The Sleeter Group — was the complaint their CPA “did not give proactive advice, only reactive service. Being proactive in the realm of your clients’ data will not only show your clients that you are on their side and they can put their trust in you where their business’ numbers are concerned but also benefit the both of you in the long run. Your clientele reflects you. If they are average or below average, so are you.

Sometimes as a business owner, even when you have the most detailed of business plans, it can feel as though you are operating in the dark. Are you offering more or less health coverage than normal for a company your size? How does your turnover rate compare to your competitors’? How are you doing in general compared to your competitors?

Keeping up with Big Data, analytics & benchmarking has been the name of the game for a while now, and chances are, if your company is not taking advantage of Big Data, analytics & benchmarking and the benefits that you will sow while utilizing it, you may be losing out in places you’d never thought of before.

Everyone has been buzzing about the topic of the moment: tax reform. Here are some articles we found to help you better understand what these reforms mean for you and your business.

This article that we came across this week has some inspiring insight on how to keep your data current and your sharing methods effective.