Remove Big Data Remove Business Intelligence Remove KPI Remove Survey
article thumbnail

Data Architect: Role Description, Skills, Certifications and When to Hire

Altexsoft

Data is now one of the most valuable assets for any kind of business. The 11th annual survey of Chief Data Officers (CDOs) and Chief Data and Analytics Officers reveals 82 percent of organizations are planning to increase their investments in data modernization in 2023.

Data 87
article thumbnail

Procurement Analytics: Challenges, Opportunities, and Implementation Approaches

Altexsoft

This KPI also helps categorize your suppliers. So, this group of KPIs show how effective your cost and procurement strategie are and what the impact on the company’s bottom line is. Cost reduction KPI is measured by comparing the old and current cost for the purchased goods and services. Inventory-related KPIs.

article thumbnail

How to Successfully Implement HR Analytics and People Analytics in a Company

Altexsoft

In January 2018, The US Bureau of Labor Statistics conducted an employee tenure survey. Mark Huselid and Dana Minbaeva in Big Data and HRM call these measures the understanding of the workforce quality. If you already use custom KPIs or you want to introduce some, document them in addition to standard HR metrics.