Here are five things everyone gets wrong about business intelligence and how you can improve your BI implementation strategy. Read this blog to learn...
From Data Crunching to Real-Time Decision Making
Improving real-time decision-making is a top priority of most organizations today, is it yours? Read more about what the benefits are in this blog.
In this day and age, we are so used to having access to everything we need at our fingertips that this level of responsiveness somewhat sets a standard for other areas of our lives. It’s true in our personal lives and it’s becoming even more of a focus in our professional lives. This need for real-time data has forced companies to start implementing tools that allow for easy access to the data. Forbes in a recent article stated it best, "Data matters to any company, regardless of size, sector or type. In fact, data is one of your biggest business assets, alongside your products, services, intellectual property, and people." 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/program and pulling data to analyze and make decisions, then you want to get a data strategy that will allow for 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 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 This helps avoid situations where decisions are made based on outdated information, and it saves time and creates efficiency. Those that have already implemented tools that allow these actionable and more "in-the-moment" insights are also experiencing better support of the new business models that many are using. Datanami
Program management software removes the issue of spending hours on 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.
NODES Programs is one such tool. CORAS' NODES Programs solution combines world-class software with a unique customer success-driven model that grows and adapts to your needs. It aggregates your current systems into a single pane of glass, giving executives insights into key information related to portfolios and programs. The result is real-time access to information to make decisions in minutes as opposed to days or weeks.
Moving from crunching numbers to automating, aggregating, and integrating 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 real-time decision-making, and ultimately produces results.