For many organisations, decision-making processes are at the core of their businesses.
Effective decisions help companies to improve their position in the market and value those processes that bring the most revenue. In a recent survey, Gartner found that 65% of decisions made are more complex than they were two years ago.
Traditionally, executive-level management and stakeholders of a company would sit in a board room and go through the latest trends and updates they see in the business. It usually includes data predictions, but it is not always correct, which leads to decisions that are not the best for a company. Interestingly, many companies still prefer the traditional method of decision-making processes, leaving them to miss out on the great potential that automation provides.
In our example, we want to show how we improve the decision-making process in our company with automation.
First of all, we rethink processes. At Allsop, we understand the power of data, and being a software company, we decided to automate it. Now, when it comes to data automation, many believe that machines are here to replace humans. We see how this myth spreads on the internet day after day. In reality, we have automation to help us realise the power of data, which leads to better and more constructive decisions. With data automation, we can see hidden insights and consider trends that we were unable to notice before.
Afterwards, we automate processes to receive accurate data. With data automation solutions, your business can make effective decisions with relatable data taken from your departments. With analytics, we can bring the latest data relevant to a decision we are about to make. On top of it, if your business is ready, you can implement Artificial Intelligence. This way, you can take advantage of a wide range of data and find numerous ways of interpreting it.
Just imagine your team is in a board room. You are obliged to make a crucial change in the business. However, you don’t have enough information to make a firm decision. If you had a data automation solution, you could see all relevant information from previous years, showing a potential trend of your business growth. With a data solution, the best decision will be visible to the naked eye.
Therefore, data automation helps companies prepare data-driven research to make their decision-making process easier and more accurate.
If your business considers a data automation solution, make sure to check our Master Data Management solution that provides data security, showcases accurate company data and improves decision making processes.
At Allsop, we make your data understood.