We live in a world that is overflowing with data. In addition to the sheer volume, data has the capability of being easily harvested and manipulated to support just about any position a person wants to promote. Just check out Facebook on any given day.
What you do in your own life is your business. But when it comes to your company, the quality and accuracy of your data have a much broader impact!
Figures don’t lie, but liars figure. ~Mark Twain
Every day we face decisions in our businesses. Basing them on our gut, opinions, outside experts, or bad data is not a good practice. Having the most current and trustworthy information regarding a subject will at least provide you with the highest assurance in making the right decision. Your goal is to develop data sources that deliver results you confidently trust.
The other challenge we face is the abundant amount of data we have to sort through to find exactly what we want. When was the last time you tried to Google something and got 1000+ returns? Yesterday? Today?
One of the best ways of simplifying the volume issue begins at the point where you harvest the data.
The better you can define what you need and where that information exists can help filter and eliminate other unnecessary data you get exposed to. Knowing what you want and why is a great start in getting to the data you need for your best decisions.
An excellent example of this is mobilePLUS for your business assets. It provides your organization with a configurable tool to ensure that it’s harvesting the right data – that’s both timely and accurate – and best meets your needs regarding assets. mobilePLUS and other similar tools offer excellent options in improving your data sources.
And again, better data makes for better decisions. Look at your own operation and see if there aren’t some edge-based tools that could improve your data quality for decisions.
I think it was John Bergman who said, “There’s never enough time to do it right, but there’s always enough time to do it over.” That may be fine if you’re trying to perfect your golf swing – but not a good long-term motto for any business. Sadly it’s a mantra that gets employed more frequently than we care to admit.