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In everyday life, people utilize apps like Uber and Spotify, which are so intuitively constructed that any newbie can use them right away without any training or an onboarding procedure.
Fremont, CA: Making judgments is important to running a firm, and the best business executives may achieve great success by trusting their intuition. While intuition and market knowledge can go a long way, including hard data into the mix can help one take one's decision-making to the next level. In today's fast-paced and ultra-competitive market, it's conceivable to go from massive demand to significant demand loss in a matter of moments, with little time to course-correct or triangulate one's way to a working solution.
Here are key ways business intelligence is changing in the coming months:
Companies are accustomed to assessing key performance indicators (KPIs) on a quarterly basis. However, in the post-Covid era, organizations are recognizing the need for faster access to actionable insights. In 2021, people will see firms embracing weekly, if not daily, data communication strategies and technologies built for rapid, real-time dissemination of data-driven insights. That means less reliance on slow tools like Excel, PowerPoint, and even email and more reliance on specialized business intelligence platforms capable of delivering up-to-date insights on-demand across any and all of an end user's devices.
One Insight in One Screen
In everyday life, people utilize apps like Uber and Spotify, which are so intuitively constructed that any newbie can use them right away without any training or an onboarding procedure. However, insights are buried in KPI-filled dashboards or massive Excel files in the business sector, resulting in a steep learning curve that scares off many people. Businesses need better and more intuitive data design to make business intelligence more accessible and create faster insights. A simple rule is "one screen, one insight," since if one's user has to go through a tangled mess of metrics to discover the datapoint they care about, one has already lost them.
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