The longer a company is without vital updated information, the more cost a business incurs.
Management of the business across all departments comes to a standstill when data is not accurate or is missing because it is spread over too many systems.
Companies miss out on billions of dollars a year in revenue because the process of gathering data is unnecessarily held up. Leaders can’t move ahead because they do not have timely and accurate data.
This is why more and more companies turn to data management consulting firms to provide the insight they need to be efficient and successful, but gathering the right data is complex and confusing.
Three ways that these firms assist companies with data inefficiencies:
- Consolidation of Data Across the Enterprise: Facts, figures, numbers, and documents spread over a multitude of databases and separate systems that aren’t integrated through a data management strategy pose a huge problem. Data management consultants teach you and those within your organization how to cut down on inefficiencies while offering a solution to optimize your revenue.
Efficiency begins with a state-of-the-art automation program that is solely aimed at solving business problems related to data.
- Determining Data ROI: Today, the average U.S. business spends about 2.5 percent of their annual revenue on digital marketing alone. Factor in alternate marketing channels, and businesses are now spending an overwhelming sum of money promoting their products. The ability to understand ROI is of growing importance.
Without an efficient data management system in place, your company will miss opportunities to gain an accurate view of the customer base, performance, and other valuable insights. By simplifying data, businesses greatly improve their ROI, while reducing overhead costs.
Data management platforms provide businesses with advanced data analysis, that leads to smarter business and marketing decisions. With a better understanding of your data, you can refocus your marketing efforts, optimize your results, and generate more leads—all while spending less.
- Implementation of Data Tools: Most businesses have the tools in place to simplify data analysis, but those often come in the form of expensive software programs that need to be installed on every computer. The installation process can be tedious, and as the company grows, businesses need to continually install software for every new employee.
With a cloud-based data management platform, the software exists in the cloud and can be accessed on all devices. This eliminates the labor and cost of implementation, while making it easy to scale your software needs to accommodate your growing staff.
Data Management always begins with education. At QuickData this is the first thing we do—we educate our clients about how they can run more efficiently. We provide the tools to solve tough data management problems, while tailoring data solutions to your company’s needs so you can move your company forward efficiently.
