With a shocking 2.5 quintillion bytes of data being produced daily and the wide range of online data analysis tools in the market, the use of data and analytics has never been more accessible.

However, with all good things comes many challenges, and businesses often struggle with correctly managing their information. Oftentimes, the data being collected and used is incomplete or damaged, leading to many other issues that can considerably harm the company. Enters data quality management.

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We live in the age of information. Niche or industry aside, by squeezing every last drop of value from your business’s data, you will become more efficient, innovative, and productive.

Data offers a wealth of priceless insights that will boost the growth and evolution of your business significantly. And, if you fail to use big data to your advantage, you could find yourself falling behind your competitors and eventually becoming obsolete.

But, with so much information and such little time, where do you even begin? Digital dashboards not only help you to drill down into the insights that matter most to your business, but they also offer an interactive visual representation that assists in swifter, more informed decision-making as well as the discovery of priceless new insights.

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For years, businesses have experimented and narrowed down the most effective measurements for productivity. Productivity can be measured in many different ways and at different levels, from the raw industrial output of an asset in a manufacturing facility to the specific individual sales performance of a vendor. Today, employee output is no longer represented by vague descriptions but by isolated figures that offer insight for improvement in specific areas, which can be found on an HR dashboard.

There are a lot of KPI examples out there to monitor progress and assess productivity. Likewise, there are a lot of guides on how to be productive at work. Each industry, business, and department has tailored its definition of individual productivity that performance indicators can assess. Let’s take a look at our selection of essential metrics you can use to improve your organization’s performance in several areas.

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Data is the new oil? No, data is the new soil.” – David McCandless

Humans are visual creatures. A visual is processed 60,000 times faster than any text, and studies show that 65% of the population comprises visual learners. Moreover, 90% of the information transferred to the brain is visual.

Marrying digestible text with striking visuals provides the greatest results regarding the effective presentation of data, making it easy for audiences to understand and retain data. This very notion is the core of visualization.

Recently, data visualization specialists have married information to high aesthetics, taking advantage of humans’ natural affinity for beauty. When choosing the right data visualization type, the most important element to consider is if you’re offering people the opportunity to see insights they haven’t seen or experienced before and wouldn’t otherwise be able to decipher in written text alone.

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Innovation, branding, and business model aside, if your company is rife with inefficiencies and led by poor decision-making, your growth potential will become stunted. Whatever sector or industry you are in, procuring goods and services both efficiently and strategically will accelerate your success. Effective procurement analytics will save you time and money while making your organization more productive and sustainable.

If your procurement process costs you valuable time and incurs unnecessary costs, you may fall behind your competitors.

However, we live in a digital age where statistics, data, and deep-dive insights reign supreme, giving us the power to spot potential issues and inefficiencies within the business. Thanks to the right KPI software, it is much easier to identify trends and set goals to increase productivity, drive growth, and boost profits.

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