Knowledge and power go hand in hand in the business world

Knowledge is power, and you can see great examples of this every day if you look at what is going on in the corporate world. Decision making is the basis for strategic planning and getting ahead, therefore, it plays a very large role in the success for a business.

One of the most important tasks that any business can conduct is information-gathering activities because there is a lot of money and time invested in most of these activities. There is also a great deal of money invested in monitoring currency fluctuations, economic updates, and market movements. This is to make sure that everyone has access to data when they need it, how they need it, and in an effort to make sure the right strategic decision are made for a business.

It can be much harder for SME’s to track down the same amount of information given the fact that there is a large range of information that needs to be considered. Most of the time few are going to match the actual investment that are made daily by those in the corporate sector, but now there is an e-solution called Arena that will help SME’s to compete.

Arena is being launched by Lloyds TSB and will be introducing SME clients to a great resource. The software allows SME’s to access a comprehensive market view with a customisable interface that will let users choose the updates and data that they want to receive.

One of the top reasons that Arena is helpful is because of the access it offers from expert economists who offer smaller businesses their insight. A simple built in search allows users access to regular and current briefings, reports, live news, and market data from some of Lloyds most regarded economic experts.