How to Make Your Business Processes Efficient with Business Intelligence (BI) and Analytics

How to Make Your Business Processes Efficient with Business Intelligence (BI) and Analytics

When running a business, it is not enough to have a successful product or service. It would be best if you also had an efficient way of delivering it. And without analytics and metrics at your disposal, you are left guessing how well things are going.  

Nowadays the technology is changing, and it has permanently altered the way businesses are conducted. It has never been more essential to stay ahead of the curve and implement streamlined business practices to provide a competitive edge.  

Fortunately, there are many methods to do this, but an effective way is by using analytics and metrics and Domo dashboards to your advantage. By using the right tools, you can make your business processes more efficient and organized.

Here are ways to get started:

Understand Your Data Flow with Executive Dashboards

No matter where you are in your organization, it is essential to understand how things are being done. If everything is automated, you need to see how it is doing, where everything is in the process or any delays or problems that need your attention. But, you will never have all of this information unless everyone across the company has access to it.

Executives should have their Domo dashboards tailored to fit their needs. And all users can have viewing access. For example, through Executive dashboards, company owners can easily see their current projects in progress, their recently generated revenue, and the metrics they need to keep an eye on most.

Keep Your Processes Tidy with Data Connectors

When you have all of your data at your disposal, it is essential to keep it in a single domain so that you can access it whenever needed. Yet many companies spread their data over several systems, which makes the process complicated. For example, when your employees use Excel spreadsheets and online forms for inputting data into different systems, system information gets misaligned.

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Therefore, you need to bring everything together, so it is in one place. Data Connectors are most helpful in this domain. The way it works is by pre-populating data stored in an external application with information from other systems before pushing it to your Domo account.

Know the Metrics that Matter

All of this new data coming into your account can get overwhelming if you do not know what to focus on and use it. And unless your employees understand what is essential to look for, they may miss something that could cause problems later.

So make sure everyone knows what the metrics are and ensure employees understand the Domo platform through proactive training.  

Make Your Data Meaningful with Visualization

Data is useless unless it is being used. So when you have a gamut of information, you need to know how to communicate it effectively. So that everyone sees what needs attention. And while data visualization will not magically fix data problems, it can highlight where they are and bring them to your attention.

Connect Everything with Apps

When you have a vast amount of information at your fingertips, you need to connect it to the things that will make a difference. An effective way to do this is by creating mobile and computer applications (apps) that can be accessed from anywhere and by anyone. Apps provide users with real-time analytics, alerts, and the information they need to stay on top of things.

Thus, running a business efficiently does not happen overnight. But if you implement one or more of these tips into your business practices, you will feel more organized and efficient.

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