When it comes to incorporating technology into the wine industry, organizations have so many opportunities to apply analytics and technology. However, there is a huge discrepancy in terms of dollars invested towards IT.
Tweet: Understanding wineries’ top 3 IT priorities
A recent WBM Technology Survey by Wine Business Monthly magazine analyzes the top IT priorities for wineries based on various categories such as winery size, job function, and IT job function. Most wineries have the same top IT issue, which is “providing better data to our trade sales team.” Better data can result in gained insights into areas of the business and opportunities to spur company growth. Let’s examine how wineries can better understand their top priorities and implement the technology to support them. (more…)
Did you know that wine and spirits wholesalers in the U.S. account for more than 70,000 jobs? Many of these jobs have been passed down within families, but the times are a-changin’. With consolidation in the industry and advancing technology, there’s no guarantee of employment to be passed down from generation to generation. But for those who want to stay in the family business, it’s important for the next generation to continuously improve their skills to advance their careers.
Tweet: 3 skills tomorrow’s distributor executives need to know
A recent Harvard Business Review article discussed how current family business owners should encourage the next generation to thrive in their companies. How can tomorrow’s distributor executives work to develop their careers within their family businesses? Here are three skills they need to know. (more…)
Do you think you’re getting enough sleep every night? As a society, our discussions around sleep have mainly revolved around encouraging ourselves and others to get the rest we need. However, we aren’t prioritizing or maintaining good sleep habits. We hardly understand or talk about the impact sleep has on various aspects of our lives.
Tweet: Dimensional Insight Book Club: Why We Sleep
After thinking about sleep, the Dimensional Insight Book Club decided to read Why We Sleep: Unlocking the Power of Sleep and Dreams by Matthew Walker. For the past six weeks, we have been enjoying this book, and trying not to fall asleep while reading it! (Although the author said it’s OK if the book induced drowsiness.) What have our readers learned about sleep? (more…)
Did you know that 38% of CFOs are responsible for their organization’s IT responsibilities? Companies pay CFOs to identify profitable opportunities and create new business models within their organizations. On top of their financial responsibilities, they need to have a greater understanding of their data and technological tools. However, they typically spend too much time on the nuts and bolts of accounting, rather than on strategic work to help their organizations keep pace with business.
Tweet: How analytics can help CFOs manage financial reporting
Despite technological advancements, finance departments spend more time manually reporting revenue and expenses, forecasting, and budgeting. In this post, we’ll explore 3 ways analytics can help financial departments access the right data, improve reporting processes, and work towards strategically growing their organizations. (more…)
What is a major challenge for those in the beverage alcohol industry? Navigating the complex 3-tiered system of alcohol regulation. This economic system has been present since post-Prohibition. Although it has been in place for over 100 years, it continues to remain a challenge for suppliers and distributors because of strong competition, industry consolidation, and complex government regulation.
Tweet: How distributors and suppliers can navigate the 3-tier system
For those in the beverage alcohol industry, there are still unanswered questions about the 3-tier system. Why is it still relevant today, and if not, will it continue to remain an industry challenge? How can we work to navigate this complex system? Let’s dive in and discuss. (more…)
What is culture, and why is it so important in organizations? Businesses often focus on promoting good culture and encouraging teamwork. However, how does one build and contribute to a positive company culture? We don’t talk too much about what culture means to individuals and to companies. Until now.
Tweet: Dimensional Insight book club: The Culture Code
For the past six weeks, the Dimensional Insight Book Club has been reading The Culture Code: The Secrets of Highly Successful Groups by Daniel Coyle, whether on the beach enjoying the sun or with a cold beer to cool off. What have our readers learned about company culture? (more…)
Have you ever thought about how your favorite wine or drink is produced? Our discussions about the wine and spirits industry have mainly focused on the impact of technology on businesses, whether it be incorporating analytics for long-term strategic planning, gaining additional insights into sales data, or understanding consumer preferences. However, we don’t talk too much about the science behind creating the perfect drink. Until now.
Tweet: Dimensional Insight book club: Proof – The Science of Booze
For the past six weeks, we have been enjoying the second read in the Dimensional Insight Book Club. We have been busy reading, Proof: The Science of Booze, whether trying to enjoy the spring weather or with a glass of wine. Curious as to what our readers thought about the book? (more…)
After being out of the office for a week, I’ve taken some time to settle back in, catch up on emails, and reflect on the recent conference I just attended. The WSWA 75th Annual Convention and Exposition, held at Caesar’s Palace in Las Vegas, is the largest gathering of wine and spirits distributors and suppliers from around the world. This year, the event was filled with engaging discussions about current industry challenges, mixologist and tasting competitions, and conversations about the future direction of the wine and spirits business.
Tweet: 4 takeaways from the WSWA 75th Annual Convention & Exposition
Here are some of my takeaways from the event. (more…)
The Wine & Spirits Wholesalers of America 75th Annual Convention & Exposition will be held April 30-May 3 at Caesars Palace in Las Vegas. It is the largest gathering of wine and spirits distributors in the U.S., and it is also attended by suppliers from around the world. Once again, Dimensional Insight will be there in the Pisa Suite, a lower-level hospitality suite.
Tweet: 5 reasons to meet with Dimensional Insight at WSWA
Are you planning to attend the show? Here are five reasons why you should pencil us in to your schedule. (more…)
The past few years have been filled with technological innovation and development, and there’s been a lot of talk about the future impact of technology across various industries. In healthcare, discussion has focused on data and analytics, artificial intelligence, blockchain, machine learning, and the potential impact of technology on patient outcomes.
Tweet: Dimensional Insight book club: The Digital Doctor
As a result of these recent discussions, the Dimensional Insight Book Club decided to kick off with The Digital Doctor by Robert Watcher. For the past six weeks, we have been enjoying this first read, whether on a plane travelling to HIMSS or over a cup of tea during one of the many Nor’easters we had in Boston in March. Our first book club panel consists of George Dealy, vice president of healthcare applications; Nora Lissy, director of healthcare information; Julie Lamoureux, senior healthcare consultant; Marissa Leone, healthcare consultant; and Kathy Sucich, senior content and communications manager. Here are their thoughts on this book. (more…)