Month: October 2020

Business Intelligence Definition | What is Business Intelligence?

What is Business Intelligence?
At Teradata business intelligence is viewed as a way for businesses to avoid the less-than-helpful results of inaccurate, insufficient data analysis using a procedural and technical infrastructure that collects, stores, and analyzes data produced by a company’s activities. BI is a broad term that encompasses data mining, process analysis, performance benchmarking, and descriptive analytics. BI parses all the data generated by a business and presents easy-to-digest reports, performance measures, and trends driving management decisions. Business intelligence addresses the needs of casual users, including executives, managers, front-line workers, customers and suppliers. It delivers reports, dashboards and scorecards that are tailored to each user’s role and populated with metrics aligned with strategic objectives and goals. This top-down style is powered by a classic data warehousing structure that consolidates enterprise data and enforces information consistency by transforming shared data into a common data model (schema) and BI semantic layer

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Making Time for Professional Development When Owning a Business


8 min read

Opinions expressed by Entrepreneur contributors are their own.


This article was written by Alex Sixt, a member of the Entrepreneur NEXT powered by Assemble content team. Entrepreneur NEXT is our Expert solutions division leading the future of work and skills-based economy. If you’re struggling to find, vet, and hire the right Experts for your business, Entrepreneur NEXT is a platform to help you hire the experts you need, exactly when you need them. From business to marketing, sales, design, finance, and technology, we have the top 3 percent of Experts ready to work for you.

Whether you’ve been a business owner for years, or you’ve just begun your journey into entrepreneurship, professional development is likely one of the last tasks on your mind. With so many business needs pulling you in multiple directions, it can be easy to forget to spend time developing yourself.

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Wildfire Insurance Crisis for California Homeowners

Firefighters monitoring California wildfire (Credit: Anda Chu/MediaNews Group/East Bay Times via Getty Images)
Firefighters monitoring California wildfire (Credit: Anda Chu/MediaNews Group/East Bay Times via Getty Images)

Homeowners in fire-prone areas of California may soon find there’s no one to insure their properties.

Last year, the state barred insurance companies from canceling policies on about 800,000 homes in or near areas with a high risk of wildfires. That ban is set to expire soon and there’s no way to renew it, according to the New York Times.

Insurance companies, which have been financially battered by huge payouts in high-risk areas, are expected to continue pulling out of them unless California officials allow them to raise rates.

“The marketplace has largely collapsed” in those high-risk areas, Graham Knaus, executive director of the California State Association of Counties, which has lobbied state lawmakers on the matter, told the Times. “It’s a very large geographic area of the state that is facing this.”

California wildfires have killed

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3 things to consider before you pivot your business model

When Ross asked Rachel and Chandler (Friends TV show 1994-2004) to move a couch, many of us will never forget his voice inflection and how many times he yelled “PIVOT”! It’s actually a really funny scene and if you’ve never seen it, it might be worth 3.5 minutes of your time. Ross had the best of intentions by starting with a sketch and enlisting help from friends but even that ends up in hilarity as getting his couch in to his apartment doesn’t work and he ends up being offered $4 when he tries to return it (stay for the end of the clip).

The best plans and intentions for your business are often met with what the market and customers demand, where technology grows, and where your ROI is the best. You often know that your original plans will grow and evolve, even in uncertainty and now… a global

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Why Right Now Is the Best Time Ever to Start a Business


4 min read

Opinions expressed by Entrepreneur contributors are their own.


“I am really concerned about starting a new company right now. I think the world is too unstable and it’s just too risky,” a very close friend of mine was relaying to me the other day. “I have a job. I don’t want to voluntarily quit, have my company fail and then struggle to find something on the other side.”

“You need to look at things differently,” I responded. “You need to look at the extraordinary opportunities and the lower barriers to entry for starting a company right now. You can have access to people and talent that you would not have had previously.” 

“Yes, I know, but I am still worried,” my friend immediately responded. “I guess I want to have my cake and eat it.” 

As technology futurist Kevin Kelly would say, right now

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What Can Business Intelligence Do for Your Business?

In the modern business environment, big data is king. But data in itself doesn’t determine whether a business will succeed or not, it must be organized and contextualized in such a way that valuable insights can be gleaned and acted on.

Learn how advanced BI tools can automate this process, integrating evolving technologies like machine learning to help organizations respond to changing conditions articulated by the data they gather.

What is business intelligence?

Business intelligence, or BI, is the process by which organizations collect, organize and contextualize data, often using visualizations to make it easy to understand data-driven insights at a glance. The term originated in the 1960s and has expanded in meaning; today, BI refers to a wide range of data-related activities, including data mining, reporting, visualization, and querying.

“Business intelligence can mean something different at each company, but at the core of it, the BI team is responsible

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