Decision analysis is critical for any business. You must be able to make the right decision right on time. Decision analytics require you to look at your data in the decision-making process. Being able to rely on your data can make this process easier and you can rest assured that you have made strides to better your organization. We have three best practices when it comes to decision analytics that will help you along the way. Intuition Analytics can be the opposite of intuition sometimes.
Writing an RFP or request for proposal can be a daunting task. At its core, it seems simple enough- you have a problem and you want vendors to offer their solution. Giving prospective vendors a good look into your company, how you work, and what you need from them isn’t easy, however. Bringing clarity must be balanced with seeking knowledge. This fine line has to be walked after scouring the internet for a list of vendors who you think will suit your needs.
Construction companies know infrastructure. At the core of what they do, they design, they build, they install, they service. Whether setting in place the foundation for a road, a city, or a building, they must create something out of nothing from concept to physical reality. The industry is good at what it does: laying the foundation required to build our imagined future.
The time is right to start considering the imagined future of how Construction companies operate their businesses. Not tomorrow, or next year, but right here and right now. There are many transformational concepts entering the conversation around how technology is impacting the industry, from the use of drones to the use of augmented and mixed reality concepts to 3D printing. But something that is being overlooked and less seldom talked about are the transformational abilities that are already available:
An application integration strategy can be beneficial for a number of reasons. Having an ordered movement of work between applications and components saves time and saves money. Here are 10 reasons why you could need an application integration:
If you ask leaders in the construction industry what areas to focus on to be successful, you could get an array of different answers depending on who you ask. If you ask a general contractor, he will give you a different answer than the head architect, and she will give you a different answer than a construction software provider.
On the cutting edge of construction technology, we see automation, efficiency, and data management becoming essential to all projects. These advances mean fewer mistakes, fewer safety issues, and fewer unforeseen budgeting snags.
Many companies get in a groove, get comfortable and go with it. Your employees know what to do to get the job done and everyone knows what to expect. We have all been there, we get comfortable and fall into a routine. However, there may be room for improvement. Are there inefficiencies you are letting slip? Is your company staying adaptable? Are your numbers being tracked, and if they are, what are they telling you? These are all factors you should consider regularly to keep your company performing at the height of its ability. Make sure your company is as effective as it can be by auditing your effectiveness.
As technology evolves, so does the way we store data and records. Being consistent in your data storage and organization isn’t always as easy as it sounds, with some companies still trying to make the transition from hard copy records to digital records. With changing records over, some inconsistencies may be detected in your data- calling for a data audit. Although many organizations view data audits as time-consuming and not a worthwhile endeavor, the benefits outweigh the costs. Here are 5 reasons to audit your data regularly:
1. Streamlined Storage After an audit, employees should be able to look in one place for the data they seek and find it in a timely manner. Creating this consistency can take a great deal of planning, but it is well worth it in the end because it saves employees time in the long run. Creating policies to enforce the consistent storage of data comes in handy. This should be done before employees are able to access the newly cataloged data. A data audit can also uncover instances when data which should not be accessed by just anyone can be accessed by, well, anyone in the organization. An audit will help find out where records are stored now so you can make changes when necessary.
2. Reducing Risk If your data or records are not correct, your company could be vulnerable. It is important to detect inconsistencies and correct them before an issue like this creates problems. Even more importantly, if your company is not protecting confidential records and an e-discovery inquiry uncovers, the fines and fees will be more than a new records management system. A good data architecture will reduce the risk your company has of legal and contractual violations.
3. Save Money An audit will reveal if you have been wasting money in records management by keeping data in silos. Keeping data in silos is ineffective from a business intelligence standpoint and it can also be costly. Having records isolated by a computer system, application, department, or even physical location can hold a company back from achieving the highest levels of efficiency possible. Centralized management is the standard your company should strive for.
4. Preparing for the Future With data insights about everything available to companies, what most are dealing with is handling the sheer volume of data. This data is most valuable, however, and should be applied to your business. Having intelligent reporting relies on having organized, quality data. Auditing your data will help prepare your company to use the ever-increasing amount of data available to them.
5. Integrating Data If your data is all in order, it will make launching an integration that much easier. The higher quality the data and the less data replications, the fewer hurdles you will have when you go to integrate. Integrations can create efficiency in your organization and allow you to optimize your employees’ workday. Connecting your applications with other business essential applications won’t be a daunting task when your data has been audited and it is managed properly. Before you launch an integration, the Ryvit Portal allows you to audit the data that will be used in the integration.
For any company, and especially startups, spending has to be done wisely. All budgets are important, but your hiring dollar might be the most important. A new hire has the potential to add more value to your company than any other expenditure. On the same coin, you are taking a risk when you invest a tremendous amount of money, time, and resources on an individual who may or may not live up to your expectations. At Ryvit, we are part of a 2-time 5000 fastest growing company and want to share some of our key HR wisdom with you. Start with tangible goals and visible values. Aligning your values, culture, and performance should be the focus when hiring for any position.
Finding your perfect match means more than just a feeling when we talk about the iPaaS economy. Ultimately your perfect match needs to help you accomplish one task- outsell your competitors. Customers demand all of the workflows be accessible from one interface, they want to use one dashboard, and they want to access it from anywhere. Here’s how to outsell your competition: Focus on the Technology itself Ask your software provider what you are really getting. The technology needs to be:
When working for most organizations, projects can take up a big portion of what you do. Collaboration is essential whether it’s with an established team or across departments. Your team needs to have a certain level of competency and ability. There are tons of tools out there to help you make your team organized and more efficient. These tools range in price and features so you can choose the tool that will be the best fit, but don't forget some of these basics for successful projects:
There will be times when you need something for your company that you won’t be able to create on your own while keeping the balance of time, resources, and quality. Sure you could have your marketing intern take a stab at graphic design, but will they create the quality you want, as quickly as you need it? At what cost to you will your intern achieve success? It is important to know your core competencies and focus on delivering those. Outsourcing can help you gain leverage of scale. Don’t try to do everything in-house if this will not give you the results you wish to achieve at the right price and on the right time schedule.
Whether you are the vision creator of a startup or leading the charge of an established corporation, technology is changing and with that, your business practices around technology might need a refresh. Leaving all of your company’s tech-related decisions up to the CIO or CTO isn’t enough anymore. Creating a strategy around technology is essential to define your company’s path forward so as the CEO, get involved. To make sure you are starting in the right place and heading in the right directions, take a look at these 5 areas of your technology.
Ryvit is the only vendor that delivers iPaaS + Data integration is a specialist activity that demands expertise for support, particularly if the project involves complex data or complex data procedures. If you don’t possess the necessary bandwidth or skills sets in-house to perform quality integrations, then you need a partner with a track record and expertise to tackle tough projects. The challenge: there are several iPaaS solution providers on the market; How do you determine the one best for you? Consider the following 7 areas to determine the following: Are getting the Service in the promise of an iPaaS model or are you getting a tool kit? If you are bringing this value to your customers or does it require your customers to invest IT and development resources for implementation?