The True Value of Data Integrity

The True Value of Data Integrity 

Future-forward, strategic decisions rely now more than ever on a company’s collected data. Big or small, international or local, the streams of data that pump through your business sustain it. Given that, its integrity is crucial. This means sorting through all the noise of irrelevant, inconsistent, or outdated information and only using the most impactful information.

Take a look at just a few of the ways modern companies utilize data:

1. Payment cycles are made up of financial data provided by businesses, financial institutions, and individuals.
2. Personal data comprises the security we rely on, i.e. passwords and multi-factor authentications.
3. Geographical data aids efficiency planning with proximity detection based on location information provided by the user.

Fields like risk forecasting rely on historic and current data to help you determine your next move. Tech advancements are working for you to collect real-time data, impacting the speed and effectiveness of even the most agile businesses. However, with so much data to choose from, more isn’t always better. If not managed for relevance and accuracy, you’re probably taking on a lot of data streams without using it to develop and improve operations.

Check out what you need from your systems to jumpstart your analytics and put it to work while weeding out the less helpful data.

Data Abundance

To make strategic decisions, you may rely heavily on business intelligence tools. These present you with data visualization capabilities, business reports, and dashboards that communicate analytical results clearly.

For optimized business intelligence tools, keep your data:

Clean

For the best results, keep data consistent and free of errors. From field to input, manual processes leave more margin for error than streamlined, guided workflows. If you’re relying on your data, outliers and mistakes can mean unreliable analysis.

Prioritize immediate data entry instead of delayed data entries. Jotting down numbers in the field, inputting them in a spreadsheet, then manually transferring them into your sheets software, consider an alternative that cuts out all those middle steps with direct input.

A simple way to reduce errors in your data streams is to ensure a streamlined data collection process that leaves nothing up to interpretation. Customizable forms with fields necessary for review, approval, and completion go a long way towards keeping data neat and tidy.

Incyte developed Spearhead and its guided workflows to be integrated into your existing data infrastructure. With built-in forms and Spearhead’s review/approval process, data is checked every step of the way. Use it to keep all your data consistent for risk management to prepare you for future pivots.

Clear

Transparency is a great way to keep everyone on the same page. When your worklogs are concise and transparent, information flows between teams and clients easily. When everyone is working with the same procedures for data collection and usage, you’re working with streamlined systems that are designed for maximum benefit.

To integrate this into your operations, use clear collection processes that are designed for easy use. From field entry to customizable forms, Spearhead keeps everyone in the loop with the latest and most accurate data. You have complete control of what information your team is collecting, how they do it, and where it goes next.

Connected 

You’ve got an influx of data from multiple sources, you need to weed out what’s useful and what isn’t. Keep it relevant to your operations and cut the rest out. Large data sets may be filled with potential. However, too much can slow down processing and produce potentially irrelevant insight.

Once you’ve got relevant data filtered, you’ve got useful indicators for hidden revenue, improved productivity, and leads on untapped prospects. When data connects back to your business goals and relies on key performance indicators, it’s much more effective.

Spearhead utilizes your real-time and historic data to immediately produce actionable intelligence for decisive action. Use it to generate customer reports about job sites or employee productivity or just your run-of-the-mill quarterly sales reports.

Put Your Data to Work with Spearhead

Data integrity across your organization ideally positions you for data-backed decisions that lead to keen insights. Spearhead can convert those insights into actionable intelligence. All of which is pivotal to increased performance, reduced costs, and operational efficiency across the board.

Determining your next play, pivoting with new information, and reacting to volatile markets are crucial to operational agility. With Spearhead and all the digital tools in your belt, ensure your data works for you to maximize profits and productivity.