by Staff Writer A recent study by Deloitte Digital found that nearly half of business leaders say they are currently unable to generate insights from data to help inform real-time decision making. But in today’s competitive business climate, difficulties leveraging data to make faster, better decisions can put organizations at a significant disadvantage, affecting their ability to respond to customer needs, meet regulatory requirements, deliver products to market and a host of other mission-critical objectives.
While the Deloitte study found that 88 percent of businesses report using productivity tools to assist in decision making, many work execution platforms don’t offer the features that best empower the swift, sophisticated decisions enterprise leaders must make on a daily basis. For faster, better decisions, look for a platform with these three key offerings. by Stephen Danos on March 20, 2018 Executive dashboards are powerful business tools that can connect leaders to their entire organization through insightful data streams.
Embracing critical layers of visibility can make businesses more competitive by strengthening connections between C-level leaders, managers, individual contributors, and their stakeholders. In addition, company-wide visibility into key performance indicators (KPIs) and business critical information help connect employees to the company’s strategic vision. Executive dashboards deliver the right information from different departments, helping business leaders make the best decisions.
by Katy Beloof on April 3, 2018
Being a leader in an organization means that you get to make the calls on big decisions. But often executives are insulated from day-to-day operations, a distance which can compromise effective decision making. Without firsthand or detailed information about a situation, executive isolation leads to disconnected organizations, misalignment across teams, and flawed business decisions. So how can you be sure that you’re making the best possible decisions for your business?
The good news is there are simple strategies that curb isolation and help you get the perspective you need to make better decisions without slowing down. Here’s a look at three ways to get the information you need to make better-informed decisions.
by Katy Beloof on March 28, 2018
Businesses today need to move quickly to stay competitive. Yet disconnected information often slows down workers and costs organizations in terms of time and opportunity lost.
Workers spend 36% of their workday looking for and consolidating information. Much of the time, they still can’t find the information needed to do their best work quickly. Information spread across email, chat, slide decks, docs, and spreadsheets is disconnected and isolated from the work that needs to be done. This often leads to data that’s inaccessible and out of date. When workers are able to track down the data they need, they often spend a lot of time creating slide decks — and up to 87% of that time is spent on design, not on data. Our infographic looks at the amount of time your organization wastes due to siloed information, and what you can do about it. Take a look:
by Katy Beloof on March 12, 2018
Is organizational complexity making it difficult for your teams to successfully accomplish projects on time and within budget? Multiple communication channels combined with cross-functional teamwork can cloud accountability and muddle decision-making authority, resulting in a lack of employee ownership in a project or process.
One solution to this lack of ownership and its effect on performance is “clear pressure”, a form of peer pressure based on the idea of giving employees real-time visibility into the progress of everyone’s work, so they can hold each other — and themselves — to a higher standard. But are the tools that provide visibility enough to create a culture of clear pressure? Or do leaders need to think more broadly about a solution?
by Katy Beloof on February 20, 2018
In order to stay competitive, business leaders must find new ways to make better decisions faster. A critical part of this is establishing visibility, or making sure the right people have access to the right information at the right time — in real time.
Businesses leaders need a way to free up employees to move swiftly and empower them with the information they need to execute. Leaders also need a way to see how day-to-day work is progressing, to keep their teams on track. At the same time, they need to ensure that high-level information is accurately and promptly communicated to the C-Suite, so they can more quickly make the critical decisions needed to move the business forward. With these challenges in mind, here’s a look at the three layers of visibility organizations need to make better decisions faster, execute more quickly on new initiatives, and ultimately thrive in today’s competitive market. |
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