Data is the 'New Oil'
Harness the Essence and Drive New Possibilities from Your Business. Go Beyond Reports.
Menu
Don’t just collect data and not use it. Make sense out of it.
Harness the Essence and Drive New Possibilities from Your Business. Go Beyond Reports.
The above is true, but it also means decision is made and borne by a single person. Everyone can only look up to one person for advice or the final say. Pressure is all on the boss alone. The boss will forever be bolt down. Upscaling of business is tough.
If you only have less than 10 transaction a day, that's very little data. But if you have anything more than that, some useful insights can still be attained. Little data simply means you can detect any business abnormality more easily.
This is the most popular catchphrase in Covid times. Truth be told, you will definitely want to understand some key aspects of your business and wish to know whether certain things that shouldn't be happening is not occurring. This will be a good basis to start.
Most businesses worry that their investment in Analytics will turn out to be a 'white elephant'. Chances are, that's likely to happen if you do not know what you should get out of it - not similar to some reports that you can already obtain from your existing system.
This is the only way to identify and convince related stakeholders on any existing gaps with evidence, to drive consensus basis changes in the business.
Prove the Value of Analytics before You make Hefty Investment. Wait, it may not cost a Bomb…
Check out these freely available tools to kick start your data analytics journey
Or Else,
