Like all business leaders, you want to take your company performance to a higher level. Gartner Research SVP Peter Sondergaard said, “Information is the oil of the 21st century, and analytics is the combustion engine.” Everything starts with your information or data. Good data is the fuel for your analytics engine so your company can perform at a higher level.
To perform at that higher level and create significant, sustainable progress in your business, you can’t just have good data—you have to do something with it. You need a data-driven strategy. But it’s difficult to execute a data-driven strategy without a modern business intelligence (BI) solution.
Like an engine, the analytics or BI solution you choose greatly affects your ability to improve company performance. Just as different engines have different levels of output, so do analytics solutions. For increased output, you need a BI solution that automates data gathering, provides real-time analytics, and makes data exploration and visualization simple.
By combining a data-driven strategy with a BI solution, you can fine-tune each part of your company for increased performance.
If your company were a vehicle, your BI solution serves as the tool to run a diagnostics test on your company. The type of BI solution you choose will determine how thorough the diagnosis will be.
When a problem surfaces, you need to quickly find the right solution. (Make sure to check your data blind spots!) Too many business leaders try to diagnose and correct problems with outdated BI solutions, which offer slow and/or incomplete diagnoses.
Slow and incomplete problem diagnosis equates to slower and potentially ineffective adjustments, resulting in lost customers and revenue. You can’t afford that, especially considering that 83% of business leaders(including your competitors!) have pursued big data projects to seize a strategic edge.
To quickly catch and correct problems, you need a BI solution that frequently and automatically runs diagnostic checks on your company. You need Grow.
What potential is your company passing up by not utilizing a BI solution? Download our infographic, How BI Helps Large and Small Companies, to see specific ways companies use BI to help them unlock potential and how Grow can help you get to the next level.