Businesses learn how to use big data to make better decisions

Tuesday, Nov 26, 2013 15:55

The seminar "Business Insights: All You Didn't Know" is held on November 26 in HCM City. — VNS Photo Quynh Hoa

HCM CITY (Biz Hub) – TRG International Co., together with Infor, one of the world's leading providers of enterprise applications, today offered insights to local businesspeople on how to use data to make decisions.

The seminar, "Business Insights: All You Didn't Know", attracted 50 guests, CFOs and CEOs from various organisations in HCM City City and surrounding areas, such as Bluescope Steel, Nguyen Kim electronics store, Manulife and Behn Meyer Group.

Speakers emphasised how important it was to have the right information at the right time in order to exploit businesses' competitive advantages in sales, finance and production.

Pham Hong Thai, deputy general director of TRG Co., a leading global services firm focusing on delivering technical excellence, said: "Common challenges that most businesses face during decision-making include dealing with big data, absence of valuable information, and misleading or equivocal information."

According to IT firm Gartner, less than a quarter of all companies in the world are believed to have reliable and consistent sources of information.

Hence, in terms of decision making, firms with certain applications, like Business Insight from Infor solutions, will be one step ahead of their rivals in gaining a competitive advantage in the market, he said.

Ken Loh, director of Performance Management from Infor SEA, said that information was a critical factor in success.

Infor BI solutions will help businesses end the daily battle with data.

Businesses will also have full trust in the data presented in meaningful ways. Thus, they can make faster and better decisions, especially in situations in which they have to deal with disparate solutions.

TRG said it would organise other seminars from now throughout 2014 to help companies improve their business strategies.— VNS

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