March 4, 2020 | Read Time: 3 Minutes
One of our team members recently told their daughter that they were older than Google. Their daughter gave them a crazy look—not sure if she thought they were THAT old or thought they were lying. For someone her age, Google has always been around. If you were born before 1989, you, too, are older than Google. In addition to Google, technology as a whole has evolved considerably over the last 20 years. What once was data we had to spend hours analyzing to come up with a meaningful number (only to have it be outdated by the time we receive it) is now just a click away. Even more, since the smartphone boom in the late 2000s that data is now available at our fingertips any time we want it.
This change in the way we obtain data has impacted our personal lives in countless ways, but for businesses, it goes even further. Today, businesses can monitor a plethora of figures, counts, and percentages all in real-time, giving owners and managers access to KPIs they never had prior. Recently, the Huberty Thrive team discussed a few benefits of businesses having access to data at their fingertips. Accessible data brings benefits like:
The fast-paced business world in which we live dictates the need for technology, including the ability to mine data at a moment's notice. Additionally, we must use that data to make informed decisions, analyze performance, plan for the future, track duties, and validate a business strategy. Using this technology, you can work to position your business to be the best it can be now and in the future. Contact your local Huberty office in Fond du Lac, Ripon, Sheboygan, Plymouth, Markesan, and Minocqua to learn how data analysis and KPIs can be utilized for your business.
Want to learn more about KPIs? Read our blog, What is the World are KPIs?