Business Analysis Knowledge Share

OCTOBER 24, 2023

This article aims to provide a comprehensive overview of Data Warehousing, breaking down key concepts that every Business Analyst should know. Introduction As businesses generate and accumulate vast amounts of data, the need for efficient data management and analysis becomes paramount.

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Astera

APRIL 29, 2024

In short, a data governance strategy includes the following: Establishing principles, policies, and procedures for data management. Aligning the overarching data strategy. Ensuring ongoing monitoring and adaptation. Who is responsible for various data governance roles?

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Astera

OCTOBER 10, 2023

Managing data effectively is a multi-layered activity—you must carefully locate it, consolidate it, and clean it to make it usable. One of the first steps in the data management cycle is data mapping. Data mapping is the process of defining how data elements in one system or format correspond to those in another.

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Astera

JANUARY 18, 2024

Cost of the Solution Investing in Talend might not be budget-friendly for small businesses or startups as the costs quickly add up. Additionally, most features require the Enterprise version, which further adds to the existing costs. EDIConnect for EDI management.

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Astera

SEPTEMBER 4, 2023

Top 7 Data Replication Software Having already discussed the different benefits of data replication software, let us now dive into the other data replication software available today. 1) Astera Astera is an enterprise-level, zero-code data management solution with powerful data replication capabilities.

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Astera

JULY 11, 2024

Despite their critical functions, these systems also lead to increased maintenance costs, security vulnerabilities, and limited scalability. Some common types of legacy systems include: Mainframe Systems Description: Large, powerful computers used for critical applications, bulk data processing, and enterprise resource planning.

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Astera

MARCH 13, 2023

It’s a tough ask, but you must perform all these steps to create a unified view of your data. Fortunately, we have an enterprise-grade data management platform to solve this conundrum. SQL Anywhere is compatible with multiple platforms, including Windows, HP-UX, Mac OS, Oracle Solaris, IBM AIX, and UNIX.

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Astera

AUGUST 12, 2024

Fraudsters often exploit data quality issues, such as missing values, errors, inconsistencies, duplicates, outliers, noise, and corruption, to evade detection and carry out their schemes. According to Gartner , 60% of data experts believe data quality across data sources and landscapes is the biggest data management challenge.

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Astera

FEBRUARY 6, 2024

IBM estimates that the insurance industry contributes significantly to the creation of 2.5 quintillion bytes of data every day, with claims data being a major contributor to this massive volume. Manual processing of this data is no longer practical, given the large data volume.

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Astera

FEBRUARY 9, 2024

According to a survey by Experian , 95% of organizations see negative impacts from poor data quality, such as increased costs, lower efficiency, and reduced customer satisfaction. According to a report by IBM , poor data quality costs the US economy $3.1 Saving money and boosting the economy.

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Actian

JULY 31, 2019

Primarily, Relational DataBase Management Systems (RDBMS) managed the needs of these systems and eventually evolved into data warehouses, storing and administering Online Analytical Processing (OLAP) for historical data analysis from various companies, such as Teradata, IBM, SAP, and Oracle.

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Astera

APRIL 24, 2024

Example Scenario: Data Aggregation Tools in Action This example demonstrates how data aggregation tools facilitate consolidating financial data from multiple sources into actionable financial insights. Loading: The transformed data is loaded into a central financial system.

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Astera

APRIL 10, 2023

In today’s digital landscape, data management has become an essential component for business success. Many organizations recognize the importance of big data analytics, with 72% of them stating that it’s “very important” or “quite important” to accomplish business goals.

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Astera

JANUARY 24, 2025

They listed poor data quality, inadequate risk controls, escalating costs, or unclear business value as the reasons for this abandonment. In fact, Accenture reports that 32% of AI-successful companies are likelier to work with a partner offering data solutions to extract value from their data effectively and quickly.

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Insight Software

MAY 1, 2023

Data visualizations are no longer driving revenue: Everyone from Google to Amazon now provides low-cost or no-cost visualization tools that drive down the perceived value of data visualizations. Users are coming to expect sophisticated analytics at little or no cost. End users expect more from analytics too.

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Insight Software

NOVEMBER 14, 2024

Not only does cloud migration allow businesses to adapt and scale with speed and efficiency, but it also provides better accessibility, lower costs than many on-prem solutions, better security, and improved integration options with other cloud-based applications. Today moving to the cloud is not an if, but a when. 

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Insight Software

MARCH 25, 2024

A hospital key performance indicator ( KPI ) is a quantifiable measure that monitors the quality of healthcare provided by the hospital and measures the overall success of the business. However, in order to thrive, they must also operate sustainably and mange costs. The most effective way is to start small.

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Insight Software

MARCH 24, 2024

For the most precise decision making, you must ensure that the data you are tapping into to monitor your KPIs are up to date and have a high quality. Without “good” data, you won’t be able to make good decisions. Investments are the costs of running a variety of programs or marketing campaigns.

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Insight Software

JUNE 25, 2023

A hospital key performance indicator (KPI) is a quantifiable measure that monitors the quality of healthcare provided by the hospital and measures the overall success of the business. However, in order to thrive, they must also operate sustainably and mange costs. The most effective way is to start small.

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Insight Software

NOVEMBER 2, 2021

Companies create supply chains to expedite production and reduce cost. This streamlining, maintaining, and improving the flow of goods requires a competent team to manage it. Why Should Supply Chain Management Measure KPIs? Supply chain management must closely monitor the activities of each of these sectors to ensure success.

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Insight Software

JUNE 24, 2023

For the most precise decision making, you must ensure that the data you are tapping into to monitor your KPIs are up to date and have a high quality. Without “good” data, you won’t be able to make good decisions. Investments are the costs of running a variety of programs or marketing campaigns.

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Insight Software

MAY 9, 2024

The key components of a data pipeline are typically: Data Sources : The origin of the data, such as a relational database , data warehouse, data lake , file, API, or other data store. For example, streaming data from sensors to an analytics platform where it is processed and visualized immediately.

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Insight Software

AUGUST 15, 2024

Organizations that use ERP and EPM software are often more successful at supply chain management, as these solutions provide integrated platforms for data management, process automation, demand planning, supply chain optimization, performance monitoring, and collaboration.

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Insight Software

MARCH 23, 2024

The following steps are the most widely accepted rules for specifying, monitoring, and interpreting relevant government KPIs: Identify metrics : Aim for a balanced set of KPIs. Financial KPIs for the Government Much like a for-profit business, governments must also monitor financial KPIs to step closer to success.

Government 52

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Insight Software

FEBRUARY 10, 2025

To help you assess whether embedded analytics is the right investment, consider the hidden costs of limited analytics offerings. Time Loss in the Wees of Ad Hoc Requests A key hidden cost of suboptimal analytics is the drain on development resources caused by ad hoc reporting requests.

Embedded Analytics 52

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Insight Software

JUNE 17, 2024

Cash flow forecasting helps businesses plan and manage their finances effectively by providing insights into future cash needs, identifying potential cash shortfalls or surpluses, and informing decision-making related to budgeting, investment, financing, product pricing, and working capital management.

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Insight Software

JUNE 23, 2023

The following steps are the most widely accepted rules for specifying, monitoring, and interpreting relevant government KPIs: Identify metrics : Aim for a balanced set of KPIs. Financial KPIs for the Government Much like a for-profit business, governments must also monitor financial KPIs to step closer to success.

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Insight Software

APRIL 25, 2024

Thanks to automation, it is entirely possible to work as an accountant for your entire career without ever manually performing a reconciliation or monitoring relevant metrics during a financial close. With the rise of financial reporting software , many finance professionals rely on automated reconciliation for this vital process.

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Insight Software

OCTOBER 28, 2024

Although Oracle E-Business Suite (EBS) provides a centralized hub for financial data, the manual process of exporting data into spreadsheets is both time-consuming and prone to errors, forcing finance teams to spend considerable time verifying numbers. How do you ensure greater efficiency and accuracy for your financial reports?

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Insight Software

OCTOBER 4, 2021

More than ever before, business leaders recognize that top-performing organizations are driven by data. Management gurus have long been advocates of measuring, monitoring, and reporting on the numbers that matter most. To calculate this KPI, start with the cost of goods sold for a specified period (e.g.

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Insight Software

JANUARY 30, 2025

Automating data cleaning processes through ETL pipelines ensures consistency and reduces manual effort, helping to keep datasets aligned with organizational standards. Regular monitoring and auditing of data quality further safeguard against potential issues, identifying problems before they escalate.

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Insight Software

APRIL 25, 2024

This requirement includes establishing financial reporting standards, ensuring data security controls, monitoring attempted breaches, keeping track of electronic records for audits, and demonstrating compliance. Implement internal controls to monitor access to data. Establish safeguards to set timelines.

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Insight Software

JUNE 30, 2023

Software-based transfer pricing also allows you to monitor the success of each pricing method you use, and gather insights to help you guide your strategy going forward. But that resale price is then adjusted by subtracting the gross margin, along with additional costs associated with the purchase.

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Insight Software

SEPTEMBER 1, 2023

This prevents over-provisioning and under-provisioning of resources, resulting in cost savings and improved application performance. If the training data is incomplete, biased, or not representative of the application’s user base, the predictive analytics may produce inaccurate or biased predictions.

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Insight Software

DECEMBER 11, 2023

They struggle to handle data from diverse financial systems and external software tailored for specialized purposes like billing, inventory management, or fixed assets. Use the formulas for accurate calculations and recording of finance charges and interest expenses. IRS Form 4562 and Schedule E).

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Insight Software

AUGUST 20, 2024

This comprehensive data access ensures that you have a complete view of your business operations. Having comprehensive data access allows you to make more informed decisions. With a complete financial picture at your fingertips, you can confidently make data-driven decisions that drive growth and optimize performance.

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Insight Software

JULY 28, 2023

Cost: Sticking to the “build” track means dealing with increasing costs over time. Buy: 10 Hidden Costs of Building Analytics With UI Components Download Now Build or Buy at a Glance A key decision on the path to your next analytics solution is whether to build or buy.

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