I meet with a lot of business owners and senior executives, and a recurring theme that appears in many of these conversations is a desire to improve their business processes. When you break it down, businesses are just a series of processes undertaken to get a job done.
The blogs I have written over last couple of weeks have been about avoiding the temptation of “canned” strategies, and aspiring towards palatable organizational goals. Internal business processes are the steps companies can take in order to achieve its goals, and subsequently, fulfill its strategy.
One of the biggest, buzziest phrases making the rounds in corporate circles at the moment is “big data”. But what does big data actually mean? What is it and, more importantly, what can it do for your business or organization? The good news is that it’s not just another tired old buzz word that actually has very little meaning (“pushing the envelope”, we’re looking at you!) Using big data within your company can actually help you increase profit.