As you set out on your analytics journey, it’s important to understand three things:
- analytics are only as good as the questions you ask,
- the power of analytics is strongest in a collaborative environment, and
- quality data = quality analytics
Analytics arm organizations with better decision-making frameworks by highlighting performance trends with the intent to improve future outcomes. Here at analytic.li, we strongly believe that
analytics can have a powerful impact on your organization. Here are 2 ways we see analytics impacting organizations.
Faster, More Informed Decision Making
Regularly checking analytics allows you to benchmark and compare results based on strategic shifts you make in your business. For example, let’s say there is a particular role you are hiring for and see that typically, people hired into that role either leave after 9 months or stay for more than 3 years. You could begin to make changes in your onboarding process and analytics would assist you in benchmarking the impact of those changes.
Analytics can expose areas of the business that need improvement and give permission for anyone to ask the big questions. Imagine being able to have a constructive conversation about things that were previously only expressed as feelings. Now, armed with data, you can get a jump on detecting troublesome trends. Or, on the flip side, determine what factors impact a positive trend to that can establish best practices.
Most importantly, you can identify why things happen, rather than relying on your gut and differing opinions.
Improved Employee Engagement and Nurturing a Culture of Transparency
Analytics provide focus by creating a common language for organizations to communicate cross-functionally and across roles dispelling common fears.
- “I’m not smart, so I won’t ask”
- “Other’s get it and I don’t, so I won’t ask”
Additionally, managers and employees can better align their definitions of success and set clear expectations on how that success will be measured.
From a team perspective, you can lean into issues and success, bringing more of the right people to the table. For example, if the dashboards expose an opportunity to improve the scheduling strategy for a particular product line, you can engage the individuals in that department to bring solutions to the table, improving both visibility and ownership.
While success can look different for each organization, having access to the insights that help you drive that success is ubiquitous to organizations that hold themselves to a high standard of performance. At analytic.li we love taking the time to listen to your intent. Intent drives the insights, and insights define the actions the make an impact.
Originally published November 9, 2018.
Written by Natalie Ostoic
Outside of spending hours reading new trends in product and experiential marketing, I consider myself a true foodie in every way. Want to know which restaurant has the best aesthetic to food quality ratio? Or, looking for the best coffee in town at the most affordable price? I'm your girl!