Gone are the days when company executives would base their decisions on intuition or refer to past decisions to make sound decisions. Objective decision making in a company depends on using credible sources of information. Data is crucial in making strategic decisions and should be every organization’s goal. Biased decision making can be costly, misleading, […]
Why all your decisions need to be supported by data
Every day, organization leaders are tasked with the responsibility of making critical decisions to ensure the continued success of their companies. As such, the decisions made must be consistently accurate and timely. Otherwise, the organization can miss out on opportunities and lose ground to competitors. However, this has been a challenge for most companies as […]
How Much Does Data Impact Your Daily Life?
Data analytics is an ominous word that implies complex algorithms and modeling in order to make evidence-based decisions. It sounds like a mixture of high-order mathematics and statistical reasoning that escapes the layman’s repertoire. It’s complicated! However, most average people rely on support from data that is collected from them every day. How much does […]
Why Every Organization Needs a Pandemic Response Policy
A strategy is one of the key elements of organizational success. Companies that have strategic plans and actively work to achieve them are 12 % more profitable. By developing strategies, organizations can create a clear and shared vision of what they hope to achieve and identify the necessary steps to take. It also enables them […]
The Most Agile Companies During COVID-19 Are Those with Most Data Insights
Most companies started 2020 with a plan. By January 20, that plan was becoming obsolete, and by January 31, it was history. The world’s economic landscape seemed to change overnight, and businesses were struggling. Organizations needed different business plans to navigate the COVID-19 landscape, but this was uncharted territory. Corporations have disaster recovery or […]
The Importance of Employee Empowerment
Why do business owners have employees? For many business owners, especially those who started their own businesses from the ground up, the employees came gradually as the company grew. Each time a new hire occurred, the owner ideally made some calculated decisions about what they could do for themselves and what skills were best left […]
