Data-driven Decision Making

Is your organisation making decisions based on data or gut feeling? Does our organisation have enough quality data to make decisions? Which indicators (KPIs) are important to us for decision making?

How can we help your organisation become data-driven?

A lot of organisations that have digitised their day-to-day life and no longer use paper still make decisions based on gut feeling. The main reason is not a lack of data to make decisions, but an inability to use it effectively in the decision-making process. Obtaining the necessary reports is still left to accountants or analysts. Since this takes a lot of time, it is more a case of making a gut feeling decision.

In some organisations, the results of the previous month are only summarised halfway through this month. However, it is sometimes necessary to make a decision at the end of the previous month, and waiting half a month can mean, at best, higher costs and, at worst, a significant loss of competitiveness.

However, the business intelligence solution allows you to get the reports and information you need to make a decision even before the previous month is over. The result may not yet be accurate down to the penny, but it will be accurate enough to make a decision. This is achieved by using a data model, its rapid data consolidation functionality and its forecasting capability. With a well-designed model, it is essentially possible to get your company's detailed monthly result with an accuracy of more than 95% a week before the end of the month. This, in turn, allows critical data-driven decisions to be made up to a month earlier than with traditional reporting.