About Us

IT Services

Electronic Security

Knowledge Center

News & Events



Contact Us

Prosper IT
  • Register

Prosper Solutions Blog

Interpreting Analytics Isn’t Always Cut and Dry

Interpreting Analytics Isn’t Always Cut and Dry

In business, making good decisions is a must. You have to manage risk well. Today’s business is using analytics to drive decision making, and therefore needs to design and implement platforms that make this possible. If a business doesn’t properly set up their analytics or intelligence systems, their decisions may not be made with a useful perspective. Let’s take a look at these systems to see if you may be being fooled by your own numbers.

Knowledge Base

You’ve been using analytics for your web traffic, and it has worked so well that you are looking to implement a system that will allow you to look at the numbers for your entire business. The first thing that any business has to realize is that they’ll need a reliable cache of information if they want to get any proper reports. To do that, there needs to be a database that properly represents the data you want to analyze.

The data warehouse is essentially a strategy where the databases that your organization uses to function are also stored in a massive central database that will allow the sophisticated analytics software to have the best representation of your business as possible. By feeding a centralized database from all outlying databases, you will have all the data you need to get a proper read on how your business is functioning.

Mistaken Conclusions

The other half of getting analytics to work for your company is the actual deciphering of the figures. This means reports...lots of reports. There are some seemingly simple mistakes people make when reading reports that lead to wasted capital and resources and inefficiency from bad suppositions. Here are a few examples:

  1. Correlation Doesn’t Always Mean Causation - There are times when you will be comparing seemingly similar metrics only to discover that the two variables have no direct (or indirect) relationship with each other. Make sure similar trends aren’t just coincidences before acting on your data.
  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. It’s best not to transfer a false optimism to other parts of your business. If the indicators say they won’t work, they likely won’t.
  3. Too Many Stats - Whether you are just tracking too many metrics, or you are tracking some that are completely meaningless (and therefore worthless), spending time on erroneous metrics can convolute your goal of understanding the practical operational effectiveness of your business. Scale your reports back to measuring metrics that you know are more meaningful.
  4. The “Wow” Factor - Metrics that report very positive or very negative situations will always be outliers. A good rule of thumb is to look into what’s causing this data to spike or drop like a rock.

Business is changing, and to get more, you need to use your data. If you would like some information about how to integrate data analytics into your business, call Prosper Solutions today at (617) 369-9977.

Phishing Attacks Are Besting Two-Factor Authentica...
Cable Modem Considerations


No comments made yet. Be the first to submit a comment
Already Registered? Login Here
Tuesday, April 23, 2019

Captcha Image

Mobile? Grab this Article!

QR-Code dieser Seite

Tag Cloud

Microchip Visible Light Communication Technology Tips communications Mobile Device Fraud Travel Mobility Data Analysis Voice over Internet Protocol Analytics Google Play Emails A.I. Saving Money Writing WannaCry Password Navigation LiFi Google Docs Avoiding Downtime Running Cable Management Lithium-ion battery Access Processor Electricity Cache Notifications Phishing IT service Health Flexibility File Sharing Net Neutrality CrashOverride Fake News Permissions Data Security Data Warehousing Fileless Malware eWaste Computer Repair Virtual Assistant Taxes Knowledge Mobile Devices Hacking Administration Backup Database Hacker Bluetooth cyber security Digital Signature Device security Medical IT Flash Managing Stress Proxy Server Text Messaging email scam Google Blockchain Data Backup Document Management Bookmark Connected Devices Current Events Network Congestion IT Support Business Continuity Computer Malfunction Mouse Encryption Gamification Business Intelligence WiFi Tracking VoIP Reading Hack VoIP Physical Security History Excel Information Workers Update Customer Relationship Management Startup Tablet Cybersecurity Networking Scam Congratulations Teamwork Server News Google Calendar Email Google Wallet Virtualization Microsoft Office Telephony Data storage Hacks Government Solutions Keyboard Username Professional Services Bitcoin Office 365 Money Content Nanotechnology Remote Monitoring Healthcare Ransomware Remote Computing Vulnerabilities Private Cloud Hiring/Firing Windows 7 Intranet Mobile Technology Webcam Apple Finance Worker Windows Data Protection Tablets Search Network Security Productivity Public Cloud Desktop Best Practice Staffing Drones Vendor Management Distribution Devices Business Growth Freedom of Information Hard Drive Sync Business Cards Social Networking Technology Music Comparison Read switches Software as a Service Start Menu Redundancy Gaming Console Computer Care Rental Service Programming Microsoft 365 Virtual Desktop USB Passwords Patch Management Legislation clout services Upgrades Best Available Spam Applications Workplace Tips Messenger Trending Downtime outsource cloud storage Download Asset Tracking Access Control Holiday IT Management Monitoring Saving Time Law Enforcement Unified Communications Downloads Machine Learning Accountants Computing Infrastructure Enterprise Resource Planning Office Mobile Payment Licensing IT consulting Innovation Microsoft Outsourced IT Botnet SaaS Application Reliable Computing uptime Network Social Engineering Training Product Reviews Quick Tips Integration Language Capital Network Management Business Tech Support IT cloud storage Meetings User Tip Audit Security Supercomputer Save Time Managed Service Website Computers Tech Term Browsers Paperless Office Disaster Alert Vendor Mangement PDF Cortana Robot Television Deep Learning Two-factor Authentication Vulnerability Router Employer Employee Relationship Software License Computing Android Advertising IT Plan Proactive IT Retail Fleet Tracking BYOD Tech Malware YouTube Software Chrome User Tips Banking Streaming Media Migration Virtual Reality cloud Business Owner Processors Chamber Inbound Marketing User Error Data Breach Electronic Payment Sports Statistics Books Outlook SharePoint Digital Upgrade Phone System Distributed Denial of Service Security Cameras Windows Server 2008 Windows 10 Bring Your Own Device IT Services Securty App Multi-Factor Security Digital Payment the Internet of Things In Internet of Things Artificial Intelligence Disaster Recovery Assessment Business Computing Storage Troubleshooting CIO Save Money Recovery Competition Hard Drives Chromebook Unified Threat Management Bata Backup Upload Domains Safety Relocation Term Firewall Thank You Rapid City Specifications Documents Internet Analytic Education 3D Printing cloud computing Tip of the Week Budget Printing Customer Service Black Market Data Management Settings Micrsooft Scalability Customer Resource management Business Mangement Cabling Memory Small Business Citrix Xenapp Unified Threat Management SSID Cybercrime Windows10 Social Media Consultation Social Network Uninterrupted Power Supply Augmented Reality Hackers Dark Web Efficiency Touchscreen Service Level Agreement Laptop Transportation CCTV User Monitors Users Directions Experience Administrator Tactics Internet of Things Hosted Solutions Heating/Cooling Screen Reader Data IT Consultant Public Speaking BDR Vendor Piracy Solid State Drive Operating System Mobile Device Management Legal Processing Wireless Technology Mobile Security Help Desk Smartphones Miscellaneous Productivity Printers Cost Management GDPR Environment Hard Drive Disposal Identity Theft Emergency Data Recovery Virus Business Metrics Windows XP Going Green Modem Electronic Medical Records outsource cloud computing Employer-Employee Relationship Entrepreneur Value Gadgets Shortcut Managed Service Provider Gmail Managed IT Managed IT Services Spyware Printer Time Management Corporate Profile Logistics Best Practices Marketing Google Drive End of Support Productuvuty Human Resources Communication Business Technology Facebook Word IP Address Wi-Fi Privacy Data Loss Maintenance Business Management Cleaning Patching Cryptocurrency Backup and Disaster Recovery Bandwidth Computer Accessories Windows 10 Computer Skype Big data Fiber-Optic Information Technology G Suite Trends Co-Managed IT Telephone Cost Google Maps Compliance Health IT Multi-factor Authentication Telephone System HTML iPhone DDoS Mobile Computing Smartphone Displays Wireless Headphones Collaboration HIPAA Content Filtering Windows 8 Samsung Motion Sickness Apps Automobile Regulations How To IT Support Office Tips Telephone Systems Presentation Entertainment Regulation Managed IT Service Company Culture Tip of the week Browser Antivirus Web Server Risk Management Websites Twitter Pain Points IBM UTM Tech Terms Work/Life Balance Smart Tech PowerPoint Managed IT services Automation Project Management Society Equifax Error Conferencing Addiction Politics Cooperation Evernote Hosted Solution VPN MSP hardware Microsoft Excel Social Wireless

Latest News & Events

Prosper Solutions is proud to announce the launch of our new website at http://www.prospersolutions.com. The goal of the new website is to make it easier for our existing clients to submit and manage support requests, and provide more information about our ser...

Contact Us

Learn more about what Prosper Solutions can do for your business.

Call Us Today
Call us today
(617) 369-9977

150 Eastern Ave, Second Floor
Chelsea, Massachusetts 02150