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Big Data solutions for businesses: Why Big Data is no longer just for big businesses

Does real-time data back your organisation’s decision-making or are you relying on a gut feel approach?

With a world of data out there, think about how much more your business could improve if it were backed by actual results and insights from past performance.

Many people think leveraging Big Data 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 to make effective decisions, create opportunities, and control their inventory.

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

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

Three ways Big Data solutions can improve your business

 

1. Effective decision making

Man standing with light bulb

Big Data solutions for businesses increase the effectiveness of decision-making.

Traditionally, most small to medium businesses rely on a gut feel approach when it comes to important decision-making. Because decision-makers are often business owners or CEOs, relying on a gut feel approach is time-consuming and can lead to delays in important decisions.

In my experience, most small to medium business owners usually only investigate the 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 business reactive and not pro-active. Managing a business is difficult enough, but without real-time data you won’t be aware of a problem until it’s too late, and you can’t just handover some of the pressures of decision making to your staff.

By implementing Big Data solutions in your organisation, you empower your staff with the ability to make data-driven decisions so that you can focus on the higher-level strategic initiatives in your business. Download your copy of the HARMONiQ Power of Big Data eBook to see how data-driven decision making can empower your staff and improve your organisation.

2. Opportunity creation

Pieces of a puzzle

Increase the creation of opportunities within your business when you unlock the power of Big Data.

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

Often Big Data solutions break down your customer and sales people into three categories: Average, Good, and Great.

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

Big Data helps your business by giving you visibility of open opportunities in your organisation so you can make the correct resourcing decisions.

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

3. Inventory control

Stock room

Effectively controlling your inventory has never been easier with HARMONiQ’s ERP software.

Inventory should be treated like cash because, at the end of the day, the money you’ve spent on inventory has an opportunity cost. Unfortunately, small to medium businesses often make the mistake of letting excess inventory lie – what else could you be doing with the funds you have tied up in excess inventory?

HARMONiQ’s ERP platform is specifically tailored to help you assess what stock isn’t selling well, or where it is selling best, and what products you should be restocking. Designed to cut manual labour, saving you both time and money, your inventory will be monitored round the clock so that you can make effective purchasing decisions.

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

How can I start leveraging Big Data solutions for my business?

Organisations driven by Big Data solutions have the edge over their competitors because they can easily track, record, and utilise data in their business to help them make good decisions early.

Download the HARMONiQ: Power of Big Data eBook today as your next step guide on becoming an organisation driven by the power of Big Data.

If you would like to see the impact Big Data can have on your business, then click here to request a demo of HARMONiQ 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.

 

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

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

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.