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5 hot IT budget investments — and 2 going cold

CIO

This includes spending on strengthening cybersecurity (35%), improving customer service (32%) and improving data analytics for real-time business intelligence and customer insight (30%).

Budget 363
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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
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Improving Decision Making by 75% using Supply Chain Visualization

Sunflower Lab

KPI Dashboard Units Per Transaction Metric: This metric calculates the average number of units sold per transaction. By aggregating data from various customer touchpoints such as surveys, reviews, and support interactions, SMBs can gain valuable insights into customer sentiment and perceptions of their products or services.

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RevPAR, Occupancy Rate, ADR, and Other Hotel Metrics: How to Evaluate Your Property’s Performance

Altexsoft

Despite its simplicity, the occupancy rate is an important KPI that shows how full your hotel is. Revenue managers have to focus on this KPI to develop the revenue potential of all hotel departments and adjust the package offers and the entire upselling strategy. The CPOR is a crucial KPI that allows you to monitor your expenses.

Hotels 64
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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.

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IT Reports: Examples, Benefits, Best Practices and More

Kaseya

IT reports help companies plan better budgets, prevent client churn and streamline processes by making informed business decisions. According to the 2022 Benchmark Survey , almost three-fourths (74%) of respondents said they want better dashboarding and reporting capabilities for showcasing value to customers. MSP benefits.

Report 52
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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. If you already use custom KPIs or you want to introduce some, document them in addition to standard HR metrics. When documenting a custom KPI or metric, describe in detail: What measure it expresses. How it’s calculated/generated.