5 Important Considerations If You Are Using Spreadsheets

5 important considerations if you are using spreadsheets for business analytics 5 important considerations if you are using spreadsheets for business analytics Why and how to transition to business intelligence as a better alternative: Despite widespread use and...

BI Software Insight: 5 Pitfalls of Using Spreadsheets for Business Analytics

Reading Time: 2 minutes

BI-Software-Insight-logoMicrosoft Excel is one of the most popular software applications, and with good reason: it’s easy to use and helps you quickly and easily analyze data and perform simple calculations. It also allows you to visualize this data via simple charts and graphs.

But far too many people rely on Excel for more robust data analysis. Using spreadsheets for business analytics can get you in trouble. Spreadsheets can contain thousands of links, formulas, and cell references, creating many of opportunities for error. A cell reference that is off by even one row or column returns significantly different results than what you want, and can place your company at significant risk.

BI Software Insight recently published “5 Pitfalls of Using Spreadsheets for Business Analytics,” which was written by Dimensional Insight Product Marketing Manager Kathy Walsh. (more…)

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How Survey Tools Can Help You Elevate Your Retail Insights in Wine & Spirits

How Survey Tools Can Help You Elevate Your Retail Insights in Wine & Spirits

Reading Time: 3 minutes

In wine and spirits, staying ahead of the competition requires not only crafting exceptional beverages, but also fine-tuning your retail strategies.

However, collecting retail data can prove to be a hassle for distributors, often distracting them from other responsibilities and taking up valuable manpower. Furthermore, this data then needs to be standardized, analyzed, and its results communicated to suppliers.

This is where modern data capture tools like Dimensional Insight’s Survey Advisor come in. These powerful platforms enable wine and spirits businesses to seamlessly track and leverage retail data for use in their decision-making.

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3 Ways Data Analytics Can Help with Mergers and Acquisitions in Wine and Spirits

3 Ways Data Analytics Can Help with Mergers and Acquisitions in Wine and Spirits

Reading Time: 4 minutes

Mergers and acquisitions (M&A)have been sweeping across the wine and spirits industry, forcing a rapid consolidation of the market space. At least 70 deals emerged for suppliers in 2022 alone, with 46 being spirits and another 24 in wine, according to a market report from Park Street.

While mergers and acquisitions can often be exciting and lucrative opportunities, they also present a host of challenges, especially in IT. Different companies often use wildly different data ecosystems, with methodologies, formats, and definitions varying from one infrastructure to the next.

Not only does this pose a challenge for IT in and of itself, but it also prevents other departments from accessing the data they need and making timely decisions.

But not all is lost. Comprehensive data solutions like Dimensional Insight’s Diver Platform can consolidate and standardize data from multiple disparate sources into a single, usable format. From there, pre-built measures and applications allow businesses to start generating immediate value from their data.

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