Get Started Today!  (415) 295-4898

croom new

415 IT Blog

Analytics Can Fool You

Analytics Can Fool You

Businesses today are doing more than ever to utilize the data they take in, and it shows. They are operating with more knowledge about their business, and thus are able to successfully create a usable knowledge base that, for some, will allow them to predict positive and negative market dynamics fairly accurately. After seeing how this platform can positively affect individual businesses, many other businesses are taking to the strategies. The problem that many businesses encounter, however, is that they are woefully unprepared to utilize analytics; or, they read too far into them. Today, we’ll take a look at data analytics and confront some of the problem's businesses are having.

Are You Prepared?
The first thing that you have to understand about the placement of a data analytics system is that you need to have a reliable silo of information in which to work from. If you don’t set this up properly, the analysis will not be thorough enough to properly represent your business’ operations and will therefore not be as reliable as you would typically want this type of analysis to be.

To get reliable analysis through analytics, you will first want to set up a data warehouse. A data warehouse is essentially a database that is fed by your existing databases. By having all of your business’ information in one spot, it will make your analysis, whether it’s conducting analytics or intelligence reports, more accurate and reliable.

Reading Analytics
Once you have your analytics platform set up properly, you are ready to run reports. There are a couple really simple, but crucial, mistakes people routinely make when reading their analytics reports.

  1. Correlation Doesn’t Always Mean Causation - There are times when you will be looking at two metrics and they are so amazingly similar that it can’t possibly be a coincidence. You then discover that the two seemingly correlated variables have no direct (or indirect) relationship with each other. It’s important that you don’t read into every similarity.
  2. Make Sure to Keep Everything in Context - When you are actively using analytics and you start making headway in one facet of your business, it can be intoxicating. Make sure to not transfer a false optimism that other numbers will react the same way if the indicators say they won’t.
  3. Just Too Much - Whether you are just tracking too many metrics, or you are tracking some that are completely meaningless for your situation, wasting time with certain metrics is just convoluting your practical understanding of your business. Scale it back for more success.
  4. The “Wow” Factor - Metrics that report very positive or very negative situations will always be alarming, but if they are reported very infrequently, you can consider them outliers and exclude them in your overall report.

It’s great when you decide to let the data your business collects work for you. If you would like some information about how to integrate data analytics into your business’ call the IT professionals at 415 IT today at (415) 295-4898.

With Phishing Attacks Beating 2FA, You Need to Be ...
Tip of the Week: Understanding Bandwidth


No comments made yet. Be the first to submit a comment
Already Registered? Login Here
Sunday, July 21 2019

Captcha Image

Mobile? Grab this Article!

Qr Code

Tag Cloud

Security Tip of the Week Technology Productivity Best Practices Business Computing Data Backup Hosted Solutions Network Security Privacy Software Cloud Data Recovery Data Malware IT Support Email IT Services Outsourced IT Tech Term Business Internet Managed IT Services Innovation Hackers Computer Cloud Computing Business Management User Tips Ransomware Collaboration Small Business Windows 10 Microsoft Efficiency Google Hardware Mobile Devices Paperless Office Android Upgrade Server Business Continuity Managed Service Provider VoIp Encryption Phishing Vulnerability Smartphones Communication Communications Remote Monitoring Applications Data Management Managed IT Artificial Intelligence Office 365 Holiday Laptops Business Technology Backup Managed Service Save Money Quick Tips Workplace Tips Internet of Things Managed IT services Cybersecurity Passwords Browser Compliance Blockchain Processor Smartphone Project Management Employer-Employee Relationship Information Antivirus Disaster Recovery Saving Money Scam Wi-Fi Document Management Government Mobile Device Bandwidth Healthcare Tip of the week Windows Data Security Vendor Management BDR IT Management Infrastructure Customer Relationship Management Chrome Two-factor Authentication Social Media Router VPN Analytics Website BYOD Automation Microsoft Office The Internet of Things Company Culture Server Management Gmail Cooperation Network Risk Management Remote Workers Word Software as a Service Net Neutrality Regulations Patch Management IoT Assessment Management Users RMM Tablet File Sharing Network Management Internet Exlporer Data Loss Consultation Smart Technology Alert Proactive Facebook Redundancy Maintenance Storage Bring Your Own Device Help Desk HIPAA Remote Monitoring and Management Machine Learning Networking Operating System Windows 7 Mobile Security Unified Threat Management Unified Communications Employees Downtime Files Access Control Virtual Private Network Virtualization IT Consulting Cyberattacks Social Managed IT Service GDPR Connectivity Samsung Fleet Tracking Zero-Day Threat Transportation Migration eWaste Managed Services Provider Mobile Device Management Black Friday Wireless Internet Cookies Cables SharePoint Customer Service Superfish Gadgets Wireless Mouse Language Password Vulnerabilities Mail Merge User Error Favorites Apps Money Wasting Time Current Events Backup and Disaster Recovery CIO applications Managing Stress Data Breach Avoiding Downtime Websites Read Only Security Cameras Break Fix Asset Tracking Chatbots Point of Sale Tech Terms Cyber Monday Staff Employer/Employee Relationships Nanotechnology Wires Downloads MSP Finance Permissions Computing Infrastructure Hard Disk Drives Mobile Computing Address WiFi Conferencing Microsoft Excel Database Miscellaneous Mirgation Hard Drive Human Error Spam Enterprise Content Management SaaS Printing Dark Web Augmented Reality Notes Wearable Technology Star Wars Identity Theft Enterprise Resource Planning Techology E-Commerce Theft Proactive Maintenance App Authentication Google Calendar Fraud Cache Monitoring Electronic Medical Records Computing Alerts Solid State Drives Geography Touchscreen Hacking Meetings Voice over Internet Protocol Projects OneNote Permission Travel Social Networking Technology Laws Time Management Remote Worker Virtual Reality PowerPoint Display Utility Computing Teamwork Identity Outlook Disaster Resistance Heating/Cooling Features Financial Firewall Cybercrime Screen Reader Emergency Multi-Factor Security Authorization Remote Computing Comparison Licensing Options Modem High-Speed Internet Printer Trending Politics Return on Investment How To Test Technology Tips OneDrive G Suite Unified Threat Management Statistics Office Private Cloud Data Warehousing Flexibility Professional Services Training Tech Support Search Shared resources Mobile Shortcut Proactive IT Servers Electronic Health Records Procurement Distributed Denial of Service Database Management Smart Tech WPA3 Legislation Recycling Consulting Specifications 5G Development Mobility Instant Messaging Settings Recovery Employee-Employer Relationship Digital Payment Hotspot Manufacturing Motherboard Chromebook Bluetooth Bookmarks ROI Operations Virtual Assistant Bitcoin IT Technicians Cost Management Lenovo Marketing Twitter Education CEO Printers Students Daniel Stevens Regulation

Latest Blog

Accountants are asked a lot of questions. You’d expect as much as they manage a lot of organizational money, and can give small business owners and executives straight-forward advice about whether or not investments make sense for a company. With the recent increase in techn...

Latest News

We are proud to announce that 415 IT and our CEO, Daniel Stevens, were recently featured by CIO Applications. We discussed how and why we serve our clients, as well as some sneak peeks for our future. Read our interview by visiting:  https:...