Data Vs. Information: What's the Difference?
The first step to implementing a change is to admit that you need it.But to back it up even further, to admit you need change, you need to be able to identify the problems that plague your business. It's not enough to just make assumptions based on day-to-day operations-- if you want a true understanding of how your company is performing, you need to leverage one of the 21st century's favourite buzzwords-- data and information. All companies have data and as your company grows, so too does your collection of data. And you know what they say, the bigger the pile, the bigger the mess.
However, collecting your data is only half the battle. You need to also be able to understand and interpret that data and turn it into actionable information.
Am I getting the right data?
How can you tell if the data you have is actually the data you need?
You can hire the best data scientists in the world to create masterpieces in data analysis models, but all that hard work would be for nothing if your database is not relevant or up to date. If you aren't collecting data correctly, all that analysis work will end up in the garbage. So that begs the question, how can you ensure that all the numbers you use are representative of your company at the present moment, while still giving insight into your history and your future?
Well, capturing field data in real-time is the only reasonable solution. Thanks to the advantages that the internet and technologies give us today, this is possible – you just need the right partner for this journey, so you can not only collect, but store and organize your numbers, synthesizing your raw data into easy-to-understand information without the need for complicated data analysis models.'
With Texada WorkFlow, gathering data and interpreting information has never been easier. If you're ready to up your information game, click the button below to talk to one of our reps!
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