Revenue Analytics Blog - Origin World Labs

Jul

The 5 Steps to Analytics Enlightenment

Categories: Analytics, Data

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by chiefowl

To go from data to profit, your company needs to adopt a healthy enthusiasm for the limitless potential of analytics with the discipline and awareness that comes from having a mature business acumen. Unfortunately, most hotel companies are focusing their energy and dollars on quickly implementing the next technical tool, whereas the more purposeful approach is to clearly articulate, formulate, and ONLY THEN implement analytics solutions that will truly drive sustained profit. The latter approach is the hardest but it is the only way to guarantee success. To Read more

Mar

What The Best Financial Analysts Do Best

Categories: Accounting, Analytics, Data, Finance, Forecast

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by chiefowl

As a consultant for Mathematical Revenue Optimization I’ve had the opportunity to work with many analysts in a variety of industries. How much quantitative and programming background they have is never a concern for me because my job is to bring them up to a sophisticated level of technical competence and confidence. Still, some analysts are just a lot better at their jobs than others. What I have learned through the years is that the most successful analysts routinely do certain Read more

Oct

Five Experiences Shared by the Best Business Analysts

Categories: Analytics, Data, Decision Science, Finance, Revenue Optimization

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by chiefowl

The traditional career path for most business analysts is to start in Accounting or Finance and then jump into a managerial role. While this may be the most efficient process for sourcing quantitative talent, it is not necessarily the most effective. Many companies are beginning to realize that the benefit of having great Analysts is in creating value and wealth rather than in creating reports. For the latter you just need to learn some technical skills, but for the former you need to be exposed to experiences Read more

Feb

These Google Trend Graphs Show The Future for Accountants

Categories: Accounting, Analytics, Big Data, Data, Finance

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by chiefowl

The Accounting conversation has stagnated. As companies try to keep up with shorter business cycles, they are turning to multi-dimensional transaction data, and away from general ledger data, to craft better strategies. This trend should be alarming to most finance and accounting professionals whose resumés still highlight the traditional skills of these functions. Those skills are not where the opportunities are anymore. A thin data-analytics background will begin to have an impact on the salaries of those that can't surf the Big Data wave. Fortunately, there is Read more

Feb

How to Take On the Epidemic of Overconfidence at Your Company

Categories: Analytics, Data, Decision Science, Finance, Pricing

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by chiefowl

From time to time one of our clients asks me to sit in on a vendor presentation for some Business Intelligence software. At the end of these demos the salesperson usually summarizes the value of the system by saying some derivative of “it allows you to make more confident decisions.” That is exactly the opposite of what the sales pitch should be. You see, in the business world there is no confidence problem. Managers across all industries are usually way Read more