No doubt your business is unlike any other. Your size, capabilities, expertise, and needs are unique. You may have found that not every "best practice" is best for your business. When it comes to adopting a data mindset, here are some questions to ask about your business:
Are we basing our decisions on gut instinct or information?
Is there data available that will help me and my employees make faster and more accurate decisions?
How do I even get started with meaningful data-driven decision making?
Let's start by looking at how you currently utilize your data. The chart below shows possible uses for data and which uses bring the most value. Many companies are stuck at the "hindsight" level. They react to events after they occur and rely on their gut to deal with the future. Some might use previous sales data to forecast future growth. Where are you on the escalator? Perhaps you're higher in some areas than others. If you want your business to grow and operate smoothly, getting all areas of your business to Prescriptive Analytics will allow you to "make it happen".
Data is your anchor to solid decision making. To help you reach the top of the escalator, Foster Analytics can consider the challenges you organization is currently facing, assess your current data capabilities, develop short-term and long-term plans, and work with your team to implement those plans.