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The Goods and Services Deficit Decreased in November
The goods and services deficit was $43.1 billion in November, down $3.9 billion from $46.9 billion in October, revised, according to the U.S. Census Bureau and the U.S. Bureau of Economic Analysis. November exports were $208.6 billion, $1.4 billion more than October exports. November imports were $251.7 billion, $2.5 billion less than October imports. The November decrease in […]
Foundation Building Materials Acquires Associated Drywall Suppliers
Foundation Building Materials Inc, (NYSE:FBM) Tustin, California, has acquired Associated Drywall Suppliers, Inc., an independent distributor of drywall, metal framing and suspended ceiling systems serving the greater Louisville, Kentucky market. Terms of the transaction were not disclosed. “The addition of Associated builds our residential market presence, and complements our existing commercial footprint in Louisville, Kentucky,” […]
On-Prem, Hybrid, or Cloud: What Infrastructure is the Best Fit?
Whether opting for on-premise, cloud, or a hybrid, when it comes to software and applications, there are many factors to consider in finding the best fit. Here’s a quick look at what’s what: On-Premise An on-premise (on-prem) solution refers to a situation in which a company hosts its computing resources in their private data centers. […]
Best Practices on Harnessing Your Data
When I talk with NAED members, I am often asked advice on best practices for harnessing data. My answer is always the same – be patient and trust the process. Data is our friend, not the enemy. Invest in people and IT systems specifically for analytics and data science. Make sure you have a plan […]
Actions, Not Data
At a recent meeting I was asked about the difference between BI and AI. Surprisingly ‘they’re different letters’ wasn’t the desired answer. What’s the difference between Business Intelligence and Artificial Intelligence when applied to data analytics? I suggested that BI tells you who your top 50 customers are, AI tells you who your top 50 […]
Seven Things Your Business Needs to be Successful with Digital
There’s more than meets the eye when it comes to successfully accomplishing effective user adoption. Users need encouragement to understand how to apply the tools and how adopting them can be of big benefit. Here are a few points to ponder. Executive support Whether creating a culture of innovation, adopting digital HR tools, or focusing […]
How Can the X-Check Program Drive Sales Growth? Learn More…
Maximizing the online experience for your customers takes both an efficient e-commerce platform AND effective product content strategy. Did you know that NAED offers members the most robust electrical cross-reference and product relationship database in the industry? That’s why the DATAgility team will be holding the Powerful Ways to Utilize Product Data to Drive Sales […]
Business Intelligence Platforms: 5 Best Practices
Google the term “Business intelligence (Bi) and you will find countless results. One solid definition we’ve found comes from Cio.com and reads, “Business intelligence (BI) leverages software and services to transform data into actionable intelligence that informs an organization’s strategic and tactical business decisions. BI tools access and analyze data sets and present analytical findings […]
Former Chief Xbox Officer to Speak at Eastern Region Conference
Robbie Bach, Former Chief Xbox Officer for Microsoft, is using his strategic and leadership skills to help individuals, and organizations drive transformative change within business and civic institutions. And, on Tuesday, November 12, attendees of the NAED Eastern Region Conference in Tampa, FL will get a chance to hear Bach’s message firsthand. While many business […]
