When it comes to executing digital transformation projects successfully, leading to a profound change in business models and processes to fully leverage the opportunities unlocked by digital technologies, many organizations turn to specialized consultants. Digital transformation consultants help the organization craft a new vision and bring in expertise that is not available within internal teams,…
Small businesses have interesting times in store for them ahead. With the advent of a new era of IoT and automation, imagine the amount of data that every organization, big and small, is generating. Data is valuable — whether it is data companies collect about customers who are using their products or services, or data…
While advanced analytics have facilitated business improvements in many organizations, there are some revenue models that would not have even been possible before analytics capabilities were developed. There are many business analytics examples in manufacturing, retail, healthcare, and banking organizations, but advanced analytics are not confined to these sectors, and are actually touching every aspect…
In business, knowledge is power, and the knowledge of what will happen in the future is a super-power. When data analytics, statistical algorithms, and machine learning come together, this super-power, also called predictive analytics, becomes a capability that can have a huge impact on business decisions and results. The use of data as a basis…
The world of due diligence has come a long way. Now, it’s poised for even more change as technology continues to shape the way lawyers and other parties secure agreements. In December 2018, Merrill Corporation released the results of a poll of 400 dealmakers around the globe. According to the report, 22 percent of respondents…
Treehouse Technology Group (TTG) accepts articles from contributing authors on topics that we support. TTG believes strongly that small businesses will begin to benefit greatly from enterprise data management systems, which were previously only available to large companies. As such, small business that don’t compete on a data level will soon be beat out by…
Inefficiency costs the world’s businesses billions every year. According to a study by market intelligence firm IDC, many businesses lose as much as 20 to 30 percent of their annual revenue as a result of inefficiencies. For example, another report by Cottrill Research found that 20 percent of the workweek is wasted by the time…
According to a report from Dresner Advisory Services released last year, big data analytics adoption soared in 2018. While 17 percent of enterprises surveyed in 2015 had adopted big data analytics by 2015, 59 percent of companies had embraced it by the end of 2018. The DAS report highlights the importance of big data analytics…
In our most recent blog post we discussed how a company’s internal data has numerous benefits for the organization. We gave examples of how internal data can help a company’s decision making, marketing strategy, and sales outcomes. In this post, we’ve decided to delve into one of those benefits with greater detail and highlight the…
Consumer packaged goods (CPG) are items used daily by consumers that require routine replacement such as food, beverages, clothes, tobacco, makeup, and household products. While consumer demand for CPGs largely remains constant, this is also a highly competitive sector where consumers can easily switch their brand loyalty. Getting the right product to the right place…