Financial Insight | Big Data
Not very long ago, Big Data Analytics was a pie-in-the-sky tech service, expensive and difficult to attain. It was also so complex and cumbersome in nature that most business owners couldn’t invest the resources to access it. Like all technology services, though, Big Data has evolved and is more within reach than ever before. We recognized the value to our clients early on and have made the investment in the talent and tools needed to make Big Data accessible to our firm and our clients.
“Being able to overlay all divisions within our company, and put all sources of data in one place was extremely helpful. We were able to target the low-hanging fruit and make an immediate financial impact on our company. Using the Financial Insight tools allows us to better understand the challenges we are facing, and not rely on our gut alone.”
-Missi Knott, CFO/COO, LifeTeam
Big Data’s greatest value is in its ability to bring clarity to the smaller financial details that would otherwise go unseen, allowing business owners to make extremely well-informed business decisions. The output from Big Data Analysis is based on the information you already have in your accounting records, POS systems, inventory control systems, time clocks and more. The processing of this data allows us and you to see quantifiable evidence of trends and patterns occurring within your business, allowing you to pivot and grow without the guesswork. The best part? Your data will tell us exactly how those decisions are impacting your bottom line.
Contact us today to learn how Big Data can be a game-changer for your business.
Our in-house Financial Insight Experts begin each project by gathering your data and solving 25 key inquiries, such as:
- Do most sales come from new or repeat customers?
- Which customers are most valuable?
- What are the sales and service margins by product or service?
- What marketing efforts are most effective?
We understand that no one knows a business better than that business’ owner. Our team’s role is to synthesize the data into easy to digest formats in order to uncover potential blind spots and trends. This allows us to work together to identify actionable goals that can have an immediate impact with minimal changes, then monitor the impact of those changes through continued analysis.
The cost of this service is variable, however, it costs nothing at all if we don’t provide value to your business.
Our marketing services team can help activate your new-found growth initiatives and provide a second layer of data through digital analytics.