83% of CEOs want their organisation to be more data-driven, so why not be proactive and be one of those who turn their thoughts into actions?
According to a recent survey from Forrester Consulting, data-driven businesses are 58% more likely to exceed their revenue goals than companies that don’t utilise data management tools. With an ever-increasing amount of data being collected by businesses, it can soon become overwhelming, even for smaller companies. However, this data, if put to proper use, can be incredibly valuable and so should never be neglected or overlooked. 83% of CEOs want their organisation to be more data-driven, so why not be proactive and be one of those who turn their thoughts into actions?
By actively engaging with your data, you’ll discover some insights that can be transformational, offering you a glimpse into a crystal ball that can help you make wise, insightful decisions with regard to business direction. With less trial and error, costly mistakes can be avoided, and efforts placed where they’ll be most effective for growth. Once you have the right mindset and set out on the journey to build a data culture, you’ve overcome the biggest hurdle. Getting started really is the hardest part.
You’ll soon be reaping the rewards
When you move to a data-driven strategy, you’ll find there are many benefits. By leveraging artificial intelligence and machine learning, you can eliminate guesswork and cut out tedious manual analysis. You’ll be able to make decisions quickly, with the reassurance that you’re making the right choices. This of course, in turn, also frees up staff from laborious time-consuming tasks.
Getting it right from the start
It’s a competitive world and a focus on data is the biggest trend of 2023. You need to keep ahead of the competition, you don’t want to get left behind, but neither do you want to make any costly mistakes by implementing inadequate systems. So be sure to do your research and get advice. Any new processes or data analysis software needs to work for your specific business. The solutions are out there, you simply need to know where to find them and how to get the best from them.
Get your team on board
It’s important to have the right key staff members ready to implement and embrace the changes. Everyone may need to change the way they work, and you may need staff with a different range of skillsets. Get this in place, and you’ll reduce frustration and teething problems with any new systems. Additionally, encouraging a positive attitude regarding growth and change is always a key factor in the active uptake and adoption of any new processes.
Choose scalable solutions and start small
You’ve got all this data, and you need to make sense of it all. You’ve implemented a recommended system to analyse all your data and give you meaningly conclusions from it, but in order to fully appreciate the value of this, it has to have a concrete impact on your business. So, by starting small, with one important aspect of your business, you can utilise your data to have a positive impact on your business processes and from there, you can scale up, adding more facets to your data culture, taking you into the future step by step, result by result.
Step into a data-driven future with NetU
With more than 30 years of experience, NetU Group delivers technology and business solutions you can rely on. To take your business to the next level in 2023, get in touch and find out how we can help you.