You can be sitting on a gold mine of data but if you don’t know how to extract its value, you’re wasting one of your organisation’s biggest assets!
The key to turning data into effective insights is building a solid data foundation. This means knowing which data will help you achieve your goals and how to orchestrate that data into a central hub for effective, intuitive reporting.
Building a solid data foundation ensures your data is accurate and useful. It clears the roadblocks to efficiency by creating a single source of truth. Then the final components of a Decision Intelligence (DI) solution can be implemented to automate reporting and deliver insights that drive better business outcomes.
At Toustone, we do all the hard work to enable rapid data-driven decision-making at every level of your organisation and to ensure optimal efficiency and productivity. It all starts with building a data foundation. Here’s how we work with you to achieve it!
Start with a clear vision
You need a clear vision of what you want to achieve with your data. This will enable us to determine which data sources are required to achieve your organisation’s analytic endgame.
Start by defining your desired outcomes. What exactly does your business need now, and for the future? Once your sights are set, create goals and metrics to measure your progress. This will determine which data sources and key pieces of quantified information are core to your reporting to create distinct and intuitive insights without any unnecessary distractions.
Gathering all your data sources is a critical step to supporting your vision. Many organisations still rely a manual reporting process that indirectly creates data silos, where one group holds information that is inaccessible to others or requires significant manual work in collating and producing for others. Pulling all sources together will enable your organisation to move to the next step and remove those silos while bringing everyone together to work towards common goals.
Organising your data sources enables a strategic data analytic approach to help you consistently achieve KPIs and ROI. Our team will orchestrate your data specific to your requirements to enable your vision and goals to be achieved.
Work from a single source of truth
Your organisation’s vision is defined and the necessary data sources are identified. Now it’s time to centralise your data to create a single source of truth.
With all data in one cloud-based location, everyone works from the same information. All reporting is connected for easy access and deeper analysis between data sets. Your staff can easily compare how various functions affect your P&L reports and know what action to take to enhance efficiency and productivity.
Real-time information at your fingertips means your organisation can act with agility. You – and your staff – can make data-driven decisions based on clear, accurate insights without searching through manual reports and spreadsheets. A single source of truth means data can be accessed from anywhere, at any time, enabling quick and proactive decision-making.
Hosting your data in one secure cloud location enhances data security and governance. You have complete control over who accesses what information. When your entire staff have access to the data they need and nothing more, they work more efficiently and effectively.
Automate reporting to save time and money
When all your data sources are connected, reporting is automated to deliver easy-to-use visual reports. Instead of sifting through data and generating reports, you are presented with clear insights to drive better decision-making.
This is your competitive edge – a tailored cloud data model that connects all data sources, processes in real-time, and delivers automated visual reports to you and your specific role!
Hours previously spent generating and analysing reports can now be put towards actionable decisions. Accelerating your data processing will enable KPIs to be achieved consistently. Your team can work more autonomously, without requiring data confirmation and management direction.
Confident, data-driven decisions for better business outcomes
This is how we create a solid and secure data foundation on which all decisions are based. A reliable data foundation injects confidence into your staff to make decisions that create better business outcomes. Less time spent build reports and waiting for management confirmation, more time for action.
This is the first phase of creating a Decision Intelligence solution. Next up we’ll go over data storytelling and how machine learning generates predictive capabilities to give you a competitive edge.
Decision Intelligence (DI) combines human decision making with Business Intelligence and Machine Learning to make better decisions – tailored to your business requirements, to accelerate your performance. If you’re curious to see how Toustone can implement a DI solution to impact your business, get in touch today.
