Share:

News / Blog: #risiko

What is Automated Reporting?

07/17/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

Automated reporting refers to the process of generating and delivering reports automatically, without the need for manual intervention. It involves using software tools or systems to collect, analyze, and present data in a structured format, typically in the form of charts, graphs, tables, or narratives.

Here are some key characteristics and benefits of automated reporting:

Data collection: Automated reporting systems can retrieve data from various sources such as databases, spreadsheets, web analytics tools, and other software applications. This eliminates the need for manual data entry and ensures accuracy and consistency in reporting.

Data analysis: Automated reporting tools can perform calculations, aggregations, and other data manipulations to derive meaningful insights. They can apply predefined formulas, statistical methods, or machine learning algorithms to analyze data and generate relevant metrics and KPIs.

Report generation: Once the data is collected and analyzed, automated reporting systems can generate reports in a variety of formats, including PDF, Excel, PowerPoint, or web-based dashboards. These reports can be customized to meet specific requirements and can include visualizations, summaries, and detailed analysis.

Scheduling and delivery: Automated reporting allows users to schedule the generation and delivery of reports at regular intervals, such as daily, weekly, or monthly. Reports can be sent via email, shared on a file server, or published on a web portal. This ensures timely and consistent distribution of information to stakeholders.

Time and cost savings: By automating the reporting process, organizations can save significant time and resources that would otherwise be spent on manual data collection, analysis, and report creation. This enables employees to focus on higher-value tasks, such as interpreting the data and making informed decisions.

Accuracy and consistency: Automated reporting reduces the risk of human error in data entry and calculations, ensuring accuracy and consistency in reporting. It eliminates the potential for inconsistencies that can occur when different individuals manually compile and present data.

Scalability: Automated reporting systems can handle large volumes of data and accommodate complex reporting requirements. They can integrate with multiple data sources and scale to meet the growing reporting needs of organizations as they expand.

Overall, automated reporting streamlines the reporting process, improves efficiency, enhances data-driven decision-making, and enables organizations to gain actionable insights from their data more effectively.

Like (0)
Comment

What are the most common objections in B2B sales conversations?

06/22/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

In B2B (business-to-business), the most common objections from potential customers can vary by industry and product or service. However, here are some of the generally most common objections that can arise in B2B sales:

Price: Price is often a big objection, especially if the offering is perceived to be more expensive than expected.

Need: If the potential customer doesn't feel that they really need the product or service, or that it doesn't meet their current needs, they may object.

Time: Sometimes it is just not the right time for the potential customer to accept the offer, possibly due to restructuring, budget issues, or other priorities.

Risk: If the potential customer has concerns about reliability, quality, or customer support, they may object.

Competition: If the potential customer is already working with another vendor or has received quotes from other vendors, they may object to the offer.

Decision making: In many organizations, decisions must be made by multiple people, and it can be difficult to get all the decision makers around the table.

It is important to understand and address the potential customer's objections in order to move the sales process forward. By answering questions and offering solutions, you may be able to address concerns and convince the customer to accept your offer.

Like (0)
Comment

Freelancing - What are the pros & cons?

06/16/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

Freelancing, or working on your own as a freelancer, has both advantages and disadvantages. Here are some of the most important ones:

Advantages:

Flexibility: as a freelancer, you have the freedom to determine your own working hours and location. You can adapt your work to your personal needs and priorities.

Independence: You are your own boss and have full control over your work. You can make your own decisions and don't have to compromise.

Potentially higher income: As a freelancer, you have the opportunity to charge higher hourly rates or project fees than you would in a traditional salaried position.

Varied work: as a freelancer, you have the opportunity to work with a variety of clients and projects, which provides variety and challenge.

Disadvantages:

No guaranteed income: As a freelancer, there are no fixed income guarantees. You may have to go without assignments and income for some time.

Self-employment means working alone: As a freelancer, you often work alone, without colleagues or supervisors, which can affect social interaction and motivation.

Administrative tasks: As a freelancer, you will have to take care of administrative tasks yourself, such as invoicing, accounting, and taxes.

Uncertainty: As a freelancer, there is always the risk that orders and projects will fall away or that demand will change, which can mean uncertainty and financial instability.

So overall, there are many pros and cons to freelancing. It depends on personal preferences, skills and goals whether this type of work is a good choice.

Like (0)
Comment

What are objections from prospective buyers of PR databases that keep you from buying?

04/28/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

There are several objections from potential prospects of PR databases that may prevent them from buying. Here are some examples:

Too expensive: Price is often a deciding factor in the purchase decision. If the price of a PR database is perceived to be too high, it may cause potential customers to refrain from purchasing it.

Lack of relevance: Another objection could be that the PR database does not contain the relevant information that the potential customer needs. If the database does not contain the desired information or the data is outdated, the potential customer may not be willing to purchase it.

User-friendliness: The user-friendliness of the PR database is another important factor. If the database is difficult to navigate or use, this may cause potential customers to refrain from purchasing it.

Publicity.

Privacy: Privacy concerns may also cause potential customers to refrain from purchasing a PR database. If the database is not secure and there is a risk that sensitive information may be compromised, potential customers may be hesitant to purchase it.

Public Relations: Privacy concerns may also make potential customers reluctant to purchase a PR database.

Requires special skills: If using the PR database requires special skills that the potential customer does not have, they may be unwilling to buy it.

Inadequate customer support: if the PR database vendor's customer support is inadequate or does not provide assistance in using the database, this may make potential customers unwilling to purchase it.

It is important to address these objections and convince potential customers that PR databases will meet their needs and provide them with value. Effective marketing can help to overcome these objections and convince potential customers that PR databases are the right choice.

Like (0)
Comment

What is actuarial science?

04/13/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

Actuarial mathematics is a branch of mathematics that deals with the application of mathematical methods and models to insurance and risk. The main goal of actuarial science is to quantify risks and develop insurance rates and products that are fair and profitable for customers and insurance companies.

An important aspect of actuarial science is loss analysis and forecasting. Here, mathematical models are used to calculate the probability of occurrence and the amount of losses. Based on this information, insurance companies can assess risks and calculate insurance premiums.

In addition, actuarial science deals with the modeling of insurance portfolios and the risk management of insurance companies. This involves the use of statistical methods and mathematical models to minimize the risk of losses and maximize the profitability of the insurance business.

Overall, actuarial science is concerned with the modeling of insurance portfolios and the risk management of insurance companies.

Overall, actuarial science is an important part of the insurance industry and helps ensure that insurance is fair and profitable for customers and companies alike.

Like (0)
Comment

Our offer to you:

Media & PR Database 2024

Only for a short time at a special price: The media and PR database with 2024 with information on more than 21,000 newspaper, magazine and radio editorial offices and much more.

Newsletter

Subscribe to our newsletter and receive the latest news & information on promotions: