Going Digital: Changing the Trajectory of Your Business Growth Chart with Data-Driven Decisions.
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Going Digital: Changing the Trajectory of Your Business Growth Chart with Data-Driven Decisions.

by Seamfix

the business world today, Data is considered King, and for all the right reasons too. The 21st-century business market place is a data-driven environment and data is at the core of every decision-making process. Data empowers business owners with facts, statistical numbers and trends useful to manage the day-to-day business activities, growth strategies and finances of the organization and those who do not have it will be racing against their competitors in a blindfold.

We could go on and on about the importance of data and never be lost for reasons. However, just as it takes the right king to lead a nation right, it takes the right data to make the right decisions. Hence, It is possible that even an organization with a houseful of data can come crashing down. With so much information out there, business owners must be able to filter through the chaff and get the right data to leverage on — only then can they make the best decisions for growth.

The right data should have the following characteristics:

  • Must be from an authentic source.
  • Must have integrity, which means it must not be corrupted.
  • In the case of sensitive data, the right data must have access control, which means unauthorized personnel cannot access it.

The ever-increasing need for data is the reason for the equally rising need for optimal means of data capture, which is a major pain point for most business owners. However, the emergence of new technologies has simplified this process which has brought about another saying ‘Go Digital or Go Home’.

This is because it is a world where some of the fastest decisions have to be made and manual means of data capture will only slow down this process.

The Role of Digitization in the Data-Driven Decision-Making Process

Simply put, digitization is the process of converting information into a digital format. To any business owner eager to make data-driven decisions with the right kind of data, digitization is the key. Digitization is one way for businesses to go completely paperless and begin using digital forms to collect useful information for analysis. This drastically reduces the amount of time taken to gather data and improves the workflow. Basically, digitization is that thin line between an efficient data capture process and a counterproductive one.

Today, emerging technologies are aiding business’ quests for digitization. One of such new-age technologies includes Data Collection Platforms, offering businesses a perfect escape from the shortcomings of paper forms by enabling an easier and quicker collection of clean and verifiable data.

The benefits of data collection platforms are endless. Some of which include:

  • Saving organizations money (cost of buying paper, printing, transporting and even storing).
  •  Ensuring clean data by eliminating entry errors during the digitization process or data loss during transcription.
  • Allowing for massive reach and scale.
  • Empowering organizations to carry out real-time analysis for quicker decision making.

Choosing the right digitization platform for your business

As business owners come to the fast realization that paper forms are not doing their businesses any world of good and go about seeking options for digitalization through digital forms, many digitization platforms are springing up to match the growing needs for digital forms.

As a business owner making the same choice, you would be truly spoilt for choice. However, since there are different kinds of businesses with equally different needs for digital forms, it is important to have an overview of what you should be looking for when deciding which data collection platform to adopt.

Here are some options below;

Mobile Enabled

As a business owner, the foremost feature you should always consider when choosing a data collection platform is its ability to work on mobile devices. Your forms should be able to go anywhere with you and your customers and even fit in their pockets. This will be valuable to businesses that send out field agents to collect data.

Offline Capability

For business owners with a large customer base distributed in remote locations, it should be considered a priority that your choice data collection platform should work perfectly in the absence of network connectivity. This allows for massive reach and nationwide inclusion.

Flexible Form Builder

Making a decision to upgrade your paper forms to digital forms means your form should be exactly how you want it to be and should reflect the style of your business. Hence, you should ensure that your data collection platform is flexible enough to allow you to create your forms and configure them with any requirement you need from your users. Requirements include the type of data needed — textual, images, fingerprints,eSignatures and so on.

Easy Integrations

Your choice digitization platform should take data collection a step further by enabling you to integrate with your existing business workflow. With this, there will be no need to start restructuring your business processes and this helps ease the manual burden from you and your staff.

Real-time Analysis

Collecting data to make data-driven decisions can go the extra mile if the process is faster than that of the competitors. Achieving this speed with data collection platforms can only be possible if the platform is embedded with quality reporting and analytics tools to analyze data in real-time. The ability for speedy data analysis at the point of need will enable proactive decision making rather than reactive and improve operations at a faster pace.

Making the right digitization decision with BioRegistra

True to her quest of empowering organizations to grow with data, Seamfix is powering a platform that digitizes the end-to-end processes of data collection and verification. With 12 years plus of innovation and over 15 local and global recognition and awards, Seamfix has successfully digitized millions of documents, captured and verified over 100M biometric identities.

Our data capture and form digitization solution, BioRegistra is a market leader in data capture and analytics and offers all the robust features explained above critical for a well-implemented digitization strategy. BioRegistra is currently in use by hundreds of organizations in Nigeria and across Africa within various sectors — manufacturing, security, banking & financial services, NGOs, public sector, etc.

As business leaders, it is key that you champion incorporating reliable data acquisition into your business strategy to scale higher than the competition and consistently surpass your customer expectations. The good news — we can help you achieve that, and more!

Visit www.seamfix.com/bioregistra or call us today on +234–1–342–9192 to schedule a demo.


 

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5 Ways to Foster a Data-Driven Culture in the Enterprise

by Seamfix

In terms of gaining a competitive edge, relevant data has no equal and can effectively transform your enterprise for the better. However, communicating the necessity for a data-driven culture to your coworkers and managers might not be as simple as that.

According to Learn G2, 90% of large global organizations had appointed a Chief Data Officer (CDO) in their rosters by the end of 2019. In addition, 85% of business leaders expressed that Big Data and data analytics will dramatically change the global landscape in the coming years.

Recording, storing and subsequently analyzing the data that comes through your enterprise can lead not only to innovation and growth but also to a better reputation. In practice, you never know when a certain piece of data might become necessary and whether or not you have stored it somewhere for reference. With that, let’s discuss what makes a data-driven culture a must in 2020, as well as some practical ways to implement it in your enterprise.

Benefits of Fostering a Data-Driven Culture

In order to better understand the purpose behind gathering and analyzing data in-house, we need to talk about the role of corporate data. In the age of cloud-based services, digitalization and eCommerce, data is everything.

By streamlining existing processes and introducing new data-driven decision-making possibilities, a culture which fosters information will undoubtedly flourish on the global market. According to CFO, internal enterprise sectors which benefit the most from a data-driven culture include finance (51%), IT (30%), and analytics department (28%).

Jeremy Brook, Head of Data Management at Subjecto had this to say on the matter: “It’s impossible to thrive without heavy, daily reliance on data. Failing to provide a sense of informational security for your B2C and B2B stakeholders will signal that you are unwilling to go the extra mile. This makes introducing cloud storage, backup units and standardized data recording practices highly relevant in today’s digital age.”

  • Leading by Example

Data-driven culture has to start somewhere in the enterprise, and the best way to do that is to start at the top. CEOs, board members, managers and other executive staff should lead by example and implement data-gathering activities to promote positive change in the company.

Simply ordering employees to do this or that won’t work if the upper management doesn’t abide by the new rules, and change is always difficult. Be the agent of change in your company and promote data-driven behaviour by using services that promote better productivity and data management.

  • Data Gathering & Business Goals Alignment

An easy way to promote data-gathering and storage in your company is to align those activities with your business goals and existing work ethics. For example, if your enterprise stands for data security and privacy, the data-gathering activates you try to implement should revolve around that mission statement. Writing tools such as Write Scout and Evernote can be used to write and format data-gathering guidelines and requirements for internal company use.

This will allow your coworkers to identify with the new data requirements and see the bigger benefit in their implementation. Additionally, you will effectively put your mission statement and company goals into practice, showcasing that you are dedicated to your cause to outside stakeholders.

  • Relevant Metrics & Outcomes

Creating objective KPIs and outcomes for your data-driven culture is one of the most practical ways to promote healthy data storage habits. Luckily, objectivity is easy to implement in data-driven cultures given that they revolve around quantifiable information. Services can be introduced and managed with the goals of gathering, storing and analyzing data whenever it becomes necessary.

To that effect, it’s good practice to let your coworkers know about concrete KPIs, long-term outcomes and benefits of a data-driven culture. Illustrating a bigger picture of “why” and “how” will effectively foster a more positive outlook on the data-gathering initiative and result in better coworker reception.

  • Employee Training Matters

Implementing a data-driven culture can best be done by introducing seminars, teambuilding and informative meetings for your coworkers. Make sure that they are aware of and are able to understand the significance and role of newly-introduced data management activities.

Content creation platforms such as Readable, Studyker and Canva can be utilized to write and format creative presentations for your coworkers’ convenience. Be proactive and don’t simply mandate new data-gathering activities without the “how-to” — meet your employees halfway and they will return the favour generously.

  • Showcase Results & Prototypes

In order for your enterprise to remain data-driven, your coworkers should see some results from the newly-implemented processes after some time. This can be done in organized meetings, emailed reports or scheduled company presentations focused on the collected data and its significance for your company.

Failing to showcase your data management performance and results of the said initiative will quickly lower your staff’s morale and lead to a poor data-driven culture. Alternatively, giving your coworkers insight into the effects of collected data, developed prototypes and innovation which stems from it will drive your data culture further.

In Summary

It’s easy to summarize that the efficiency and end-results of data gathering and analysis will depend entirely on the ways in which you communicate them. Find ways to use data management processes and cloud storage for your enterprise’s benefit, not just as a popular trend to implement for modernity.

In doing so, you will signal to the global market that your enterprise is serious about development, growth and relevance of data in 2020. Most importantly, existing and future stakeholders will feel more confident and trustworthy of your services, advocating for your enterprise in their social circles going forward.


About Writer
Estelle Liotard is a professional content creator, editor and contributor to Top Essay Writing and Classy Essay writing services. Her career goals are focused on providing meaningful digital content via best essays, case studies and industry reports to a global readership. In her spare time, Estelle enjoys writing entries into her journal, as well as listening to 20th-century jazz records.
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