Data Analytics and the Fight Against COVID-19

The COVID-19 pandemic has sent shockwaves through the medical community by putting extreme stress on the information technology capabilities of health systems. Before March, hospitals were moving slowly in the direction of data literacy and EHR flexibility, but the health crisis has drastically increased the need for health systems to be able to take in and interpret large amounts of population data. The turn towards data literacy has been dramatic and sudden. Here are the specific ways strong data analytics can be used to combat the pandemic. (more…)

How Wine and Spirits Distributors Can Use Analytics to Assess How the Pandemic Affected Sales

In times of economic turmoil, the wine and spirits industry has typically been one of the most resilient sectors. Even now, with the COVID-19 pandemic ravaging the U.S. economy, sales of alcoholic beverages remain strong. However, that is not to say that the pandemic hasn’t had some profound and unexpected effects on sales.

Although it’s already been said ad-nauseum, these truly are unprecedented times. As such, sticking to current methods, or basing decisions on what worked in the past, is a recipe for failure. The best way to quickly determine what is going on, and how to respond, is to follow the data.

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Outdoor Drinking Venues May Replace Bars During the Pandemic

Side view of beautiful young couple sitting at the table and clinking glasses of champagne. Charming lady enjoying romantic date with boyfriend at rooftop restaurant with night cityscape on backgroundWhile the COVID-19 pandemic has not slowed down purchases of wine and spirits from liquor stores and online vendors, it did eliminate one crucial avenue of beverage sales: restaurants and other social venues. Premium wines have taken an especially big hit, since people tend to order more expensive wine when they go out, but drink the cheaper stuff at home. This shift has had a dramatic impact on the wine industry in the months since the pandemic began.

Even before the stay-at-home orders went into effect, on-premise drinking was experiencing an overall decline. But that may soon start to change yet again. Restaurants in 44 states have reopened, or are set to reopen in some capacity in the near future. While many are still rightfully cautious about the spread of disease, the months of isolation have left others eagerly awaiting the chance to go out to eat and drink, especially taking into account the pleasant summer weather.

Will people risk coming out in numbers this summer for social drinking? And how will outdoor drinking this summer affect the wine and spirits industry? Let’s examine.

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Workplace Technology is Being Deployed to Fight COVID-19

With stay-at-home orders being eased, millions of Americans are returning to work for the first time in months. But the workplaces they return to won’t be the same as the ones they left. Social distancing is here to stay, and it’s going to have a profound effect on the dynamics of the average workplace.

Workers can expect new rules and procedures to be in place when they come back. Masks will be required, communal dining areas will be gone, and work spaces will be spread farther apart. These measures are unfortunate, but they will be extremely important for maintaining health and safety for the foreseeable future. But how do you make sure an entire office or workplace full of people follows these rules at all times?

That is where social distancing technology comes in. Several large companies are exploring options for technology that could be integrated into the workplace which would monitor employees to ensure that they maintain the proper distances. But what that technology will look like, and how it will affect workers’ privacy, is still uncertain. (more…)

Distilleries are Producing Sanitizer to Help Fight COVID-19

Distilleries across the country have stepped up their production in the face of the COVID-19 pandemic. But the increase is not just due to a rising demand for alcoholic beverages. These distilleries have begun producing sanitizer products to help prevent the virus from spreading.

While this might sound strange at first, it actually makes a lot of sense. Ethanol, the type of alcohol used in beverages, is also the primary ingredient in most sanitizers. The stills that are used to distill the liquor are also capable of brewing up large quantities of sanitizer at once.

Many companies are facing difficulty due to complications in the process or regulations on sanitizer products. But even in the face of economic uncertainty, they are willing to take on these expenses and challenges for the good of the public health. (more…)

5 Tips for More Successful Video Calls

Now more than ever, video meetings are an essential part of doing business in almost any field. Online conferencing was already on the rise with expanding international trade and increasing technology, but with millions of workers around the world staying at home due to the Covid pandemic, it is hard to imagine any company running smoothly without it. However, participating in a video conference call is not always as easy as simply meeting in person. Even the most experienced executives are prone to making some common mistakes while conferencing which may come across as distracting or unprofessional. Luckily, Dimensional Insight’s Alison Nicoli made this helpful video offering tips for better teleconferencing etiquette. Let’s examine some of her advice in detail.

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How to Take Advantage of the Shift from On-Premise to Off-Premise Drinking

A major shift that has been taking place within the alcoholic beverage industry is the rising tendency for consumers to enjoy their drinks at home, rather than at a bar or restaurant. Of course, the current pandemic has eliminated on-premise drinking entirely, for the time being. But even before Covid, drinks consumed ‘on-premise’ have been in a steady decline for several years, while the number of people drinking at home is on the rise.

While every company responds to trends like these differently, the ones who are best able to utilize data to quickly recognize and react to them find the most success.

Dimensional Insight’s case study of Campari America provides a glimpse into this and other changes in the industry, and how one company used data to respond to them. Here’s what we can learn by studying their example. (more…)

Addressing 4 Core Business Intelligence Challenges in the Search for Actionable Insights

Every business organization, regardless of its size, commercial sector, or number of employees, can benefit from properly organized and coordinated data. It’s no secret that access to reliable data can be leveraged to improve efficiency, simplify the decision-making process, and identify obstacles that are getting in the way of success.

However, not every company has a single, unified data tool that can organize and analyze data. According to the tenth anniversary edition of Dresner Advisory Services’ Wisdom of Crowds® Business Intelligence Market Study, more than half of the businesses surveyed expressed their intention to raise their business intelligence budgets in 2020.

Adopting a holistic data management tool can dramatically improve a company’s performance, but only if it is implemented in the right way. In her recent white paper for Dimensional Insight, Jennifer Bresnick explores four of the major challenges that companies usually face when it comes to business intelligence, and how best to overcome them. (more…)

Understanding the Causes of the Spiked Seltzer Trend

Of all the trends and shakeups in the alcohol industry over the past few years, none have been as dramatic or as exciting as the rise of hard seltzers. A few years ago they were almost unheard of, but then, seemingly overnight, they became cultural mainstays and a dominant force in the alcoholic beverage market. In 2019, sales for spiked seltzer shattered expectations by passing the billion-dollar threshold. And their popularity is not slowing down.

There does not appear to be a single, unified reason for this meteoric trend. Rather, everyone seems to have their own reason for being a seltzer fan, whether it’s the taste, the lightness, or the lack of calories. Understanding the causes behind the popularity of seltzer can help us understand whether seltzer is here to stay. (more…)

The Virtually Unlimited Possibilities of VR in Healthcare

When people think of applications for virtual reality, video games are usually the first thing that come to mind. While VR gaming may be the most publicized and well-known avenue for this emerging technology, its amazing potential for improving healthcare should not be overlooked. The ability to transport users into immersive virtual worlds can be extremely beneficial for both doctors and the patients they serve.

The endless possibilities of VR are already beginning to attract attention. Currently, the market for virtual and augmented reality tech is valued at over $900 million, a number which is expected to triple in the next three years. (more…)