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Big Data software for your clients: Why Big Data is changing businesses of all sizes

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Does real-time data back your client’s decision-making or do they just rely on a gut feel approach?

With a world of data out there, think about how much more your clients’ business could improve if they were backed by robust data analysis and insights.

Many people think leveraging Big Data software is unaffordable and too time-consuming for small to medium businesses, but is this really the case?

Today, businesses of all sizes use data to obtain greater visibility of current trends and market activity, enabling them to make effective decisions, create opportunities, and control their inventory.

When your clients’ organisations embrace the power of Big Data, they have the potential to develop an informed understanding of their business, backed by hard numbers.

In this month’s blog, I’ve outlined the three most common ways a shift to Big Data can benefit your clients’ organisation.

Three ways Big Data software can improve your clients’ business

 

1. Effective decision making

Man standing with light bulb

For your client, Big Data software will increase the effectiveness of their everyday decision-making.

Traditionally, you will find most of your small to medium clients rely on a gut feel approach when it comes to important decision-making. Because decision-makers in companies of this size are often the business owners or CEOs, relying on a gut feel approach is time-consuming and can lead to unaffordable delays in important decisions.

In our experience, your clients will usually only investigate data when they need an answer to a specific question, or when something has gone wrong. A major issue with this approach is it makes your clients’ business reactive and not pro-active. Helping your client manage their business is difficult enough, but without real-time data, they won’t be aware of a problem until it’s too late, and they can’t just hand over some of the pressures of decision-making to their staff.

Implementing Big Data software in your clients’ organisation empowers their staff with the ability to make data-driven decisions so that the owner or CEO can focus on the higher-level strategic initiatives of the business. Download your copy of the HARMONiQ Power of Big Data eBook to see how data-driven decision making can empower your clients’ staff and improve their organisations.

2. Opportunity creation

Connecting the pieces of the puzzle.

Increase the creation of opportunities within your clients’ business when you help them unlock the power of Big Data.

A data-driven organisation can access insights that lead to opportunity creation and optimisation. Big Data can allow your client to identify why some customers are growing faster than others, and how they can work to improve relationships with their weaker customers.

Often Big Data software can break down your clients’ customers and salespeople into three categories: Average, Good, and Great.

Using this grading system, your clients’ may decide to assign their top performing resources to under-performing opportunities to lift their standing. Alternatively, they may decide to have their poorer performing resources shadow their top performers for training purposes.

Big Data helps your clients’ business by giving them visibility of open opportunities in their organisation so they can make the correct resourcing decisions.

Learn more about opportunity tracking for your clients’ organisation in the HARMONiQ Power of Big Data eBook.

3. Inventory control

Stock of inventory

For your client, effectively controlling their inventory has never been easier with HARMONiQ’s ERP software.

Your client’s inventory should be treated like cash because, at the end of the day, the money they’ve spent on inventory has an opportunity cost. Unfortunately, clients’ like yours, often make the mistake of letting excess inventory lie – what else could they be doing with the funds they have tied up in excess inventory?

HARMONiQ’s ERP platform is specifically tailored to help your clients assess what stock isn’t selling well, or where it is selling best, and what products they should be restocking. Their inventory will be monitored around the clock, enabling your clients to make effective purchasing decisions based on real-time inventory data.

Big Data software will ensure your clients’ inventory is up to date, is tracked at all times, and is easily comparable with market trends. To find out more about inventory control for your clients’ business, download the HARMONiQ Power of Big Data eBook.

How can my client begin leveraging Big Data software?

When Big Data software drives your clients’ organisation, they have the edge over their competitors because they can easily track, record, and utilise data in their business to facilitate and expedite the decision-making process.

Download the HARMONiQ: Power of Big Data eBook today as your guide on assisting your client in becoming driven by the power of Big Data. This eBook will help your client identify how Big Data can be utilised in their business to lift their performance.

If you would like to see HARMONiQ solutions in action and witness the power of Big Data for yourself, then click here to request a demo and I’ll be in touch shortly.

Author bio:

Drew Arthur is the Managing Director of Micronet Systems and is focused on working with accountants and professional services providers to help their clients tune their business by leveraging cutting-edge technology. If you want to help your clients gain further efficiencies within their business while boosting your revenue, click here to see how HARMONiQ Business Tuning Software can make a difference to their business and your own, or get in touch.

Big Data for businesses: is your client making data driven decisions?

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Is data driving the business decisions your clients make in their organisation? Are their decisions rooted in actual results and insights from performance, or are they just based on gut feel?

Businesses have traditionally relied on gut-feel alone to drive decision making. It’s not because organisations are unwilling to crunch the numbers to help decision making, but because tracking, organising, and analysing large volumes of business data has been simply unaffordable and too time-consuming to justify. So, the benefits of big data decision-making seemed only attainable by big business.

But that doesn’t need to be the case for your clients.

Today, organisations have just as much access as big business to make smarter, more informed, data-driven decisions. When organisations embrace big data, they can replace the traditional gut-feel approach by developing an educated understanding of their business, backed with statistical evidence.

But for your clients, implementing a data-driven approach can seem daunting.

In this blog, I’ve outlined the three most common challenges organisations face when trying to become more data driven – and how to overcome them.

Three common big data challenges for businesses:

 

1. Challenge One: Not knowing what to track

Big Data for businesses plan image

For your client, being able to capture all their data in one platform seamlessly is crucial to becoming a data-driven business.

For most organisations, data is often under-utilised because most professional service providers simply don’t know what their clients can track, or what they should be tracking. Many organisations I speak with just limit themselves to Net Profit and Gross Profit figures, and if those numbers tell a good story, they see no need to dig further.

For your client to be a truly data-driven business, they need to think beyond tracking profit value and consider the other elements of their company that offer invaluable insights to future growth and productivity. Even if their business is seeing growth in revenue or profit, as the professional, you need to think about how much more it could be making if their business were tracking and analysing data more effectively.

With a world of data out there your clients simply need the tools to capture it, and the guidance on what to track. We offer just that, in the HARMONiQ Power of Big Data eBook, click here to download your copy.

2. Challenge Two: Lack the tools or the time to collect data

Big Data for businesses tools image

HARMONiQ’s ERP platform is designed specifically to cut manual labour, saving your clients both time and money.

Often data goes uncaptured due to the lack of tools or time available to spend gathering it. Data in the form of excel spreadsheets or paper based capture is time-consuming and relies significantly on manual labour.

HARMONiQ is an integrated Enterprise Resource Planning (ERP) platform that captures data seamlessly from all departments, such as your client’s inventory, sales, business management, and accounting systems.

With the added ability to truly personalise the system to match the way your client wants their business to operate, it’s a software solution of its own class. To see how powerful Big Data can be for your clients, download the HARMONiQ Power of Big Data eBook.

3. Challenge Three: Inability to turn data into meaningful insights

Big Data for businesses insights image

Equipped with the power of Big Data for your client’s business, you can help your clients make educated decisions backed by statistical evidence.

In my experience, most clients only interrogate the data when they need an answer to a specific question, or something has gone wrong. But, ad hoc reporting of this nature is often limited and reactive. As the professional services provider, all the pressure is on you and the business leader as the key decision maker, and often the business contact won’t know anything is wrong until it has already happened.

Your client needs the in-depth insights that can help them identify trends and be proactive. By engaging with the power of Big Data in their business, it enables them to make educated decisions and manage their risks based on previous data. HARMONiQ provides visual dashboards with a control desk which will only show your client the information that they need to know to make decisions quickly, meaning they can rhythmically access meaningful data, accurately.

How can my client start leveraging Big Data?

Big Data for businesses opens a world of opportunities to take your clients to the next level by increasing efficiency and improving operation structures.

Download the HARMONiQ: Power of Big Data eBook today as your next step guide on assisting your client on how to be a data driven organisation. The eBook will help your client identify how Big Data can be utilised in their business to lift their performance.

If you would like to see HARMONiQ solutions in action and witness the power of Big Data for yourself, then click here to request a demo and I’ll be in touch shortly.

Alternatively, if you want to know more about the benefits of the HARMONiQ Channel Partner Program, download our Partner Information Pack to get the full overview of how we equip our Partners to better serve their clients – by walking them through how their clients could benefit from Big Data.

Author bio:

Drew Arthur is the Managing Director of Micronet Systems and is focused on working with accountants and professional services providers to help their clients tune their businesses by leveraging cutting-edge technology. If you want to help your clients gain further efficiencies within their business while boosting your own revenue, click here to see how HARMONiQ Business Tuning Software can make a difference to their business and your own, or get in touch.

Big Data for businesses: becoming a data driven organisation

/0 Comments/in , /by

Is data driving the business decisions you make in your organisation? Are your business decisions rooted in actual results and insights from performance, or are they just based on gut feel?

Small to medium businesses have traditionally relied on gut feel alone to drive decision making. It’s not because organisations are unwilling to crunch the numbers to help decision making, but because tracking, organising, and analysing large volumes of business data has been simply unaffordable and too time-consuming to justify. So, the benefits of big data decision-making seemed only attainable by big business.

But that’s no longer the case.

Today, organisations have just as much access as big business to make smarter, more informed, data-driven decisions. When organisations embrace big data, they can replace the traditional gut-feel approach by developing an educated understanding of their business, backed with statistical evidence.

But implementing a data-driven approach in your business can seem daunting.

Over the years, I’ve worked with numerous companies across Australia and New Zealand to help them successfully utilise the power of Big Data for businesses. I’ve seen the most common challenges they face – and have helped them access the tools they need to overcome them.

In this blog, I’ve outlined the three most common challenges organisations face when trying to become more data driven – and how to overcome them.

Three common big data challenges for businesses:

 

1. Challenge One: Not knowing what to track

Big Data for businesses plan image

Being able to capture all your Big Data in one platform seamlessly, is crucial for becoming a data-driven business.

For most organisations, data is often under-utilised because most businesses simply don’t know what they can track, or what they should be tracking. Many business leaders I speak with just limit themselves to Net Profit and Gross Profit figures, and if those numbers tell a good story, they see no need to dig further.

To be a truly data-driven business you need to think beyond tracking profit value and consider the other elements of your company that offer invaluable insights to future growth and productivity.  Even if your business is seeing growth in revenue or profit, think about how much more it could be making if you were tracking and analysing your data more effectively.

With a world of data out there, ready to improve your businesses current financial state, you simply need the tools to capture it, and the guidance on what to track. We offer just that, in the HARMONiQ Power of Big Data eBook, click here to download your copy.

With more and more organisations turning to the power of Big Data to make informed decisions about elements of their business, HARMONiQ offers the perfect data software solution that is easy to manage and use. Setting a focus for your big data strategy is crucial, and with the adoption of HARMONiQ, your business can become driven by real time data.

2. Challenge Two: Lack the tools or the time to collect data 

Big Data for businesses tools image

HARMONiQ’s ERP platform is designed specifically to cut manual labour, saving you both time and money.

Often data goes uncaptured due to the lack of tools or time available to spend gathering it. Data in the form of excel spreadsheets or paper based capture is time-consuming and relies significantly on manual labour.

HARMONiQ is an integrated Enterprise Resource Planning (ERP) platform that captures data seamlessly from all departments, such as your inventory, sales, business management, and accounting systems. Overall, this allows businesses to spend more time focusing on deciding on outcomes, rather than on data capture. With the added ability to truly personalise the system to match the way you want your business to operate, and your people to work together it’s a software solution of its own class. To see how powerful Big Data can be, download the HARMONiQ Power of Big Data eBook and become a data-driven organisation today.

3. Challenge Three: Inability to turn data into meaningful insights

Big Data for businesses insights image

Equipped with the power of Big Data for business, you can make educated decisions backed by statistical evidence.

In my experience, most small-medium enterprise business owners usually only interrogate the data when they need an answer to a specific question, or something has gone wrong. But, ad hoc reporting of this nature is often limited and reactive. As the business leader, all the pressure is on you as the decision maker, and often you’ll find yourself not knowing anything is wrong until after the fact.

You lack in-depth insights that can help you identify trends, and be proactive. By engaging with the power of Big Data in your business, it enables you to make educated decisions and manage your risks based on previous data. HARMONiQ provides visual dashboards with a control desk which only shows you the information that you need to know to make decisions quickly, meaning you can rhythmically access meaningful data, accurately.

How can I start leveraging Big Data?

Big Data for businesses opens a world of opportunities to take your organisation to the next level by increasing efficiency, and improving operation structures. As a data-driven entity, you have the edge over your competitors because you can easily identify what inventory you’re selling the most and establish a gap in the market. Meaning data can help you make good decisions early.

Download the HARMONiQ: Power of Big Data eBook today as your next step guide on how to be a data driven organisation. The eBook  will help you identify how Big Data can be utilised in your business to leverage your ROI.

If you would like to see HARMONiQ solutions in action and witness the power of Big Data for yourself, then click here to request a demo and I’ll be in touch shortly.

Author bio:

Drew Arthur is the Managing Director of Micronet Systems and is focused on helping business leaders overcome inefficient sales, inventory, and customer relationship management practices by leveraging cutting edge technology. If you want to gain better control of the sales processes in your business, click here to organise a demo to see how HARMONiQ Business Tuning Software can make a difference to your business, or get in touch.