KPI Dashboards for Business Intelligence: Everything You Need To Know
It’s important to know what’s working in your business and what isn’t. One area of your business might be excelling, whilst another might be failing. There are so many moving parts when it comes to operating a business – it’s easy for things to slip off your radar. So, how can your business measure success?…
What Do Metrics Say About Bulk Discounts?
Bulk discount is a marketing incentive which is meant to encourage customers to buy more units of a particular product or service. The model structure exists in this way so that the manufacturer or seller identifies those people who purchase items in large quantities and rewards them by giving them a reduced price for their…
4 Key Performance Indicators For The Restaurant Industry
If you’re in the restaurant industry you already know making a profit isn’t easy. And according to a survey by consulting firm AlixPartners+, it could become even more difficult as consumers expect to spend 9.1 percent less per restaurant meal this year than they did in 2013. When surviving in the restaurant industry means maintaining…
Lagging Indicators Vs. Leading Indicators (No Eye Candy Metrics)
One of the most common problems we hear from businesses researching dashboard and reporting software is that they don’t know exactly what they should be measuring. As a result, they become easy prey for business intelligence vendors looking to seduce new customers. They’ll be shown flashy demos, slick presentations and what we call “eye candy”…
5 Ways to Take Your Metrics from Good to Great
It seems as though the data explosion within today’s business environment has induced a data insights panic. If you have browsed any business publication within the past few years, you have likely read about the importance of metrics, key performance indicators (KPI’s), and dashboards as companies ferociously endeavor to find solutions that turn raw data…
The Top 7 Reasons Why Business Intelligence User Adoption Fails
The business intelligence (BI) industry has been plagued with poor user adoption for years. Though implementing a BI solution is a top CIO initiative year after year, BI has a huge failure rate within companies. We believe the primary reason for BI failure is poor user adoption. In this article, we’ll look at the top…
The Top 6 Key Performance Indicators (KPIs) for Channel Partner Management
In today’s business environment, it is critical for businesses to have a robust network of partners in order to grow and scale. These partners include value added resellers (VARs), solutions providers, system integrators, and distributors. In fact, here at 5000fish, we’re in the midst of building a robust partnership program as we work to scale…
7 Metrics and Key Performance Indicators for the Manufacturing Industry
Business Intelligence has evolved considerably from the days of simple reports. The top high performing global manufacturing companies understand this and have moved forward with implementing BI tools to increase profitability and outperform their competitors. This article will discuss some important Key Performance Indicators (KPIs) that can be analyzed for the small to medium-sized business…
6 Key Performance Indicators (KPIs) For Government Contractor Executives and Management Teams
Serving as CEO and President of OakTree Solutions, a Federal services contractor, 5000fish’s CEO, David Ferguson is well aware of the many challenges executives and management teams of government contractors face. In fact, Ferguson’s time in the trenches of government contracting fueled his desire to build Yurbi and give executives and management teams the tools…
4 Key Performance Indicators (KPIs) For Government Contractor Project Managers
For the past 16 years, 5000fish’s CEO, David Ferguson, served as CEO and President of OakTree Solutions, a Federal services contractor. He knows firsthand that project managers for government contractors have their work cut out for them. In fact, Ferguson’s desire to build a business-friendly BI solution like Yurbi came in part from the struggle…