Companies are Moving From Crunching Data to Making Decisions in Real Time

Companies are Moving From Crunching Data to Making Decisions in Real Time

In this day and age, we are used to having access to everything we need at our fingertips. It’s true in our personal lives and it’s becoming even more of a focus in our professional lives. This real-time data has come in handy for analyzing and reporting for many companies. However, many companies are still stuck in the past or bogged down by ancient processes. If you are responsible for managing your company’s portfolio and pulling data to analyze and make decisions, then you want to get the most accurate data in the most efficient way possible.

There are various organizations that are still rooted in the use of manually pulling data from multiple places and using programs like Excel to crunch those numbers. This isn’t an effective way to collect and evaluate all of that information. Not to mention, it won’t be accurate because by the time you pull it and start analyzing it, it will have already changed. Without a tool or automated system in place, trying to figure out what is going on requires a lot of time and effort that should be spent elsewhere.

Many companies are moving from away from the manual process of crunching data to making decisions in real time by accessing critical data right when they need it. This helps avoid situations were decisions are made based off of outdated information, and it saves time and creates efficiency. Those that have already implemented enterprise portfolio management tools are experiencing this.

Portfolio management removes the issue of spending hours of calculations and data entry. Plus, it provides an overview of all your projects with real-time data, with the ability to view them anywhere and anytime. Through this, you can bridge the gap between strategy and implementation goals.

CorasManage is one such tool. The CorasManage solution provides managers with full transparency into their organization, enabling them to plan, manage and execute work. This out-of-the-box portfolio management solution ensures a consistent, curated collection of data across the organization that can be readily aggregated, analyzed, and shared.

Moving from crunching numbers to automating and optimizing them opens your company up to capitalize on current opportunities to maximize long-term efficacy and efficiency. In turn, this enhances productivity, improves visibility, optimizes decision-making and ultimately produces results.