Is your data working hard enough to deliver tangible efficiencies and benefits?
Data users can spend between 30 and 40 percent of their time searching for data if a clear inventory of available data is unavailable, and they can devote 20 to 30 percent of their time to data cleansing if robust data controls are not in place. [McKinsey]
That doesn’t really sound like getting value out of data. Even if your teams or organisation can easily access accurate and reliable data, can they maximise its value?
Transform raw data into powerful insights
Data, in its raw various formats, may not be simple to interpret. If data cannot be easily understood or interpreted, its power cannot be unlocked.
Maximising data can be done direct or indirectly, depending upon your organisation’s requirements. We can help you to constantly discover new value in data, whether in savings, revenue, or both.
It has been estimated that organisations experience a 5% increase in productivity and become 6% more profitable than their competitors when they lead with data-driven business decisions. [LSE/Harvard Business Review]
Why Data Visualisation & Analytics Matters
By implementing Visualisation, Analytics, Insight and AI techniques and technology you can open up your data to more people. These powerful tools can increase data literacy and remove the ‘fear’ element that may come when working with expansive and complex data.
Translating data into a story about your customers or citizens generates greater understanding of their requirements, behaviour and influences.
With greater understanding and appreciation of your customers as individuals, you can identify more opportunities to:
- Using data to optimise internal processes and reduce costs
- Enhancing supply chain efficiency or maintenance services through predictive analytics
- Reducing waste and improving resource allocation
- Create premium products or services and cross-sell
- Use predictive analytics to identify future trends
- Enhance the journey to increase customer loyalty or citizen satisfaction
If you would like your data to deliver real value, get in touch or download our comprehensive guide to maximising your data