Use Data for Decision-Making
Lead your organization with more informed decisions.
Make informed and accurate business decisions based on your data rather than just your intuition. Utilize your historical information to analyze your organization’s trends. This will allow you to make decisions for the future based on your past successes or failures. This process will make you less vulnerable to making uninformed or risky decisions that can cost you valuable time and money.
At DataBank, our services will take you seamlessly through the entire process of defining your objectives, mapping the flow of your data processes, improving your data intake, addressing data silos and building a permanent culture of data use at your organization.
How to Get Started
Define Your Objectives
At the start of any decision-making process, you need to prioritize goals that align with your organization and what you would like to improve. This will help you to determine key performance indicators (KPIs) and metrics that will influence decisions you derive from the data. Understanding what you’re ultimately looking to achieve will guide our approach to making it possible.
Map the Flow of Data
Once you have determined your objectives, it’s time to document your data processes. This will show the flow of your organization’s data from one location to another by displaying the points of interaction between all parties involved. This mapping will allow you to identify unintended uses of your data and prevent the exchange from occurring.
Streamline Data Intake
How are you receiving data throughout your processes today? Far more organizations than you would think still rely on paper-driven forms and processes. Work to identify how your data intake processes can set you up for success further down the road and avoid time-wasting repeat work.
Address Data Silos
Raw data is not useful without the ability to analyze it and create your own business insights. When your data is siloed into multiple platforms, it makes it difficult to get even a high-level overview of what you have. This prevents you from serving your customers, creates inefficient operations and prohibits you from being able to make accurate decision-making. Our services will consolidate, normalize and integrate data from all of your systems into one comprehensive platform, designed to make your data and insights simple, accessible and actionable.
Build a Culture of Data Use
The rigid separation of different departments could be contributing to the lack of shared data and insights within your organization. Break down these barriers by creating a culture of shared data use and cross-departmental communication. This could even include changing the fundamentals of how your business works by adding this to your overarching company goals and strategy.
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