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The COVID-19 pandemic and the resulting economic uncertainty forced businesses to rethink how they approach growth. This especially rang true in the financial services industry, where financial trends have the most direct impact. Curiosity, collaboration, and adaptability all became key to surviving this new climate.

Building a data-driven company starts with having a data analytics strategy. An effective data analytics strategy relies on three key components: people, processes, and data infrastructure. This ensures that your analytics strategy is actionable and accessible to everyone who needs it to make decisions. In this post, we’re sharing 12 tips to help you develop an effective data analytics strategy.

Whether you’re a leader, manager, or individual contributor, chances are you need to keep a close eye on a handful of key metrics. If you’re the Sales leader, it might be KPIs like Leads, SQLs, and Close Rate. If you’re running paid ads, it might be Total Ad Spend or Cost Per Conversion. Of course, you can view these metrics on dashboards and get updates through automated reports.

To see what Databox can do for you, including how it helps you track and visualize your performance data in real-time, check out our home page. Click here. “How are we doing?” You want to know how your company (or team) is performing. Are you trending up or down? What’s the improvement from last month? What’s going well, and what should we pay attention to? In short, “How are we doing?” The question is simple and straightforward. The answer isn’t.

As your company grows, so do the challenges of managing user access and data security. For many of us, it’s a common situation – the account that started with a few key players now has multiple users with different access levels. New team members join, roles evolve, team members move on to new opportunities, and sometimes external players (like contractors or clients) need temporary access to your account.

According to Gartner’s prediction, 90% of organizations will consider information the most valuable asset a business may have. And where does this information come from? Here’s a magic word – data. Even though many companies report making important decisions based on their gut feeling, 85% of them would like to improve the ways they use data insights to make business decisions.

We’re constantly bombarded by data points and it takes real effort to make sense of them. While having a lot of information is a good thing, it’s easy to get overwhelmed and miss what’s really important. Businesses especially need to be able to sort the wheat from the chaff and assess their data accurately. But, how do you go about this exactly?