Peerview Data Insights

The ROI of Retention #1

by Kirk Enright, on Sep 19, 2017 11:44:00 AM

_______________________________

0 Comments

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

Competing In A Data-Driven World

by Kirk Enright, on Sep 19, 2017 8:45:00 AM

Every company is a data company.

What that means for CEOs, boards and senior management is pretty clear, according to The Age of Analytics: Competing in a Data-driven World , a new report from McKinsey & Company:

"Big data’s potential just keeps growing. Taking full advantage means companies must incorporate analytics into their strategic vision and use it to make better, faster decisions. "

Why that's so beneficial is pretty clear, too:

"...analytical techniques can fuel discovery and innovation. Above all, businesses no longer have to go on gut instinct; they can use data and analytics to make faster decisions and more accurate forecasts supported by a mountain of evidence."

0 Comments

Topics: Analytics big data Benchmarking CPAs Accounting Trends Accountants Competition Warren Buffet

The ROI of Big Data, Analytics & Benchmarking #10

by Kirk Enright, on Sep 19, 2017 8:10:00 AM

_______________________________

0 Comments

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

Scary Statistic Of The Day

by Kirk Enright, on Sep 18, 2017 3:45:00 PM

According to a US Bank study, 85% of small business fail because of poor cash management.

0 Comments

Topics: Analytics big data Benchmarking CPAs Accounting Trends Accountants Competition Warren Buffet

The ROI of Big Data, Analytics & Benchmarking #9

by Kirk Enright, on Sep 17, 2017 12:11:00 PM

_______________________________

0 Comments

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

The ROI of Big Data, Analytics & Benchmarking #8

by Kirk Enright, on Sep 13, 2017 10:32:00 AM

_______________________________

0 Comments

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

Is There A First-Mover Advantage In Big Data, Analytics and Benchmarking?

by Kirk Enright, on Sep 11, 2017 8:45:00 AM

Nobody likes to be the first to try something new. Remember the old Life Cereal commercial ?

Brother #1: "I'm not gonna try it, you try it."

Brother #2: "No way. I'm not gonna try it, you try it."

Brother #1: "I know, let's get Mikey to try it!"

Big Data, analytics and benchmarking aren't new, but for a lot of companies, the idea of incorporating them into existing processes and procedures on a day-to-day basis is.

That means the question they struggle with isn't why they should do more with the data they already collect, but when they should start — should they be one of the first or wait to see what happens to their peers and competitors?

(For insights into the "how" of becoming more data-driven, see 10 Simple Rules For Your Big Data Analytics Adoption Strategy.)

Fotunately, there's a growing body of research that suggests the sooner you start, the better off you'll be because the gains in profitability and productivity from Big Data, analytics and benchmarking increase over time.

Three stats to consider:

The average initial increase in profits from big data investments is 6%, but the average increase in profits after five years is 9%. (Source: McKinsey & Co.)
The average initial return on big data investments for the average company is 140%, but the average return on big data investments for the average company after five years is 200%. (Source: McKinsey & Co.)
Companies ranked "more productive" are faster adopters of big data than their "less-productive" peers. (Source: Journal of Big Data.)

Compelling?

Yes.

0 Comments

Topics: Analytics big data Benchmarking CPAs Accounting Trends Accountants Competition Warren Buffet

The ROI of Big Data, Analytics & Benchmarking #7

by Kirk Enright, on Sep 10, 2017 5:09:00 PM

_______________________________

0 Comments

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

A Survey of 3,000 Executives Reveals How Businesses Succeed with AI

by Kirk Enright, on Sep 8, 2017 4:04:00 PM

If you're looking for some insight in to the business implications of A.I., this article from the Harvard Business Review is a good read.

0 Comments

Topics: Analytics big data Benchmarking CPAs Accounting Trends Accountants Competition Warren Buffet

The ROI of Big Data, Analytics & Benchmarking #6

by Kirk Enright, on Sep 7, 2017 11:38:00 AM

_______________________________

0 Comments

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

Previous Page All Posts Next Page

The ROI of Retention #1

Competing In A Data-Driven World

The ROI of Big Data, Analytics & Benchmarking #10

Scary Statistic Of The Day

The ROI of Big Data, Analytics & Benchmarking #9

The ROI of Big Data, Analytics & Benchmarking #8

Is There A First-Mover Advantage In Big Data, Analytics and Benchmarking?

The ROI of Big Data, Analytics & Benchmarking #7

A Survey of 3,000 Executives Reveals How Businesses Succeed with AI

The ROI of Big Data, Analytics & Benchmarking #6

Subscribe to Email Updates

Recent Posts

Posts by Topic

Blog Archive

Contact

From Our Blog

Peerview Data Insights

Subscribe to Email Updates

Recent Posts

Posts by Topic

Blog Archive

Contact

From Our Blog

Subscribe to Newsletter

Connect With Us