In February, IDG Research Services was commissioned to conduct a study of medium-sized businesses in North America and Europe to determine the relationship between improved data access and usability and business profitability, revenue and projected growth. The findings were enlightening, and are encapsulated in this one sentence: Companies with more accessible, usable, and intelligent data grow 35% faster.
Accessible, usable and intelligent data can accelerate your business growth in a more efficient manner. But how do you know if your data fits the bill? Perhaps you can start by asking yourself these questions:
- Can you make sound, and well informed business decisions based on the reports you currently pull?
- Is real-time data easily accessible to the relevant people in your company, whenever they need it?
- Is customizing your reports as easy as pie?
If you answered ‘yes’ to all three questions, then you can rest assured that your data is accessible, usable and intelligent. However, if you had a no, or hesitated, perhaps you need to pay closer attention to your data, well, that’s if you’re serious about your company’s growth.
Whether your business is small and growing or it’s an established medium-sized organization, Sage Intelligence can help you succeed. Essentially, Sage Intelligence pulls data from Sage accounting, ERP, and payroll solutions and helps you to turn it into meaningful insights, using Microsoft Excel, which you can use to make more informed decisions that will give your business a competitive edge.
The research findings focuses a lot on data intelligence, which alludes to the necessity of a business intelligence (BI) reporting tool like Sage Intelligence to ensure that your company bases its decisions on effective, insightful data. Take a look at the research paper, Impact of data effectiveness, for more information.
