Solutions

The Vital Pivot Monthly Analytics & Business Review works with leaders in order to prepare them for great meetings with purpose and outcome. We equip leaders to ask and answer key questions about themselves, their areas of responsibility, data process and the overall business. 

1. Are we asking the right questions? Many companies collect the data that is available, rather than the data that is needed to help make decisions and run the business. So the starting point for simplifying and improving data processes is to be clear about a limited number of key questions that you want the data to help you answer — and then focus the data collection around those rather than everything else that is possible.
2. Does our data tell a story? Most data comes in fragments. To be useful, these individual bits of information need to be put together into a coherent explanation of the business situation, which means integrating data into a “story”. While “enterprise data systems” have been useful in driving consistent data definitions so that things can be added and compared, they don’t automatically create the story. Instead, managers should consider in advance what data is needed to convey the story that they will be required to tell.
3. Does our data help us look ahead rather than behind? Most of the data that is collected in companies tells managers how they performed in a past period — but is less effective in predicting future performance. Therefore it is important to ask what data, at what time frames, will help us get ahead of the curve instead of just reacting.
4. Do we have a good mix of quantitative and qualitative data? Neither quantitative nor qualitative data tells the whole story. For example, to make good product and pricing decisions, we need to know not only what is being sold to whom, but also why some products are selling more than others.

Clearly business data and its analysis are critical for organizations to succeed — which is underscored by the fact that Vital Pivot educates clients on the importance of business intelligence and data analytics. 

We are available to consult with you or your staff when problems arise with your software. We are available for remote or on-site assistance.

We will work with you to establish the appropriate cloud service and available resources for your business.