Direct Access to Data Changes Management

The increasing speed and ease of direct access to the information needed for decision-making, is drastically reducing the number of middle managers who used to be hired to provide them.

Monday, May 11, 2015

In companies of the last century when a sales manager needed information about last year's sales in order to take a relevant decision, he or she had to contact their assistant manager, who was responsible for collecting information and presenting it to the director. Nowadays, the direct and easy access to all information concerning day-to-day business allows the same director to touch a screen, get the information and make the decision, reducing costs and saving time.

An article by The Wall Street Journal states that, "... Frank Bien, CEO of Looker, a company that offers a service in the cloud to transform business data into dashboards that can be used by anyone in the company "... says" ... "...Previously managers had all the information they needed, but the teams had to get in line in order to get the information they needed to make decisions. Only a few years ago, when databases were expensive and business intelligence software cost millions of dollars and could take months to install, it made sense to limit access to these services to managers. But not anymore. "

Tom Montgomery, co-chief executive Chubbies, a new clothing company which has achieved rapid growth, explained that "... "All (of our employees) have access to the same data that we have access to... When you have a traditional CEO who makes the final decisions, you have to trust that all these people will make the right decision based on what they are seeing. It takes a long time to develop that trust, but once you do, you can move forward much faster '. "



More on this topic

Big Data and Business Growth

April 2019

Having the required resources to manage the data needed to make decisions is crucial to the success of businesses in today's environment.

Today's data savvy organizations, those with a top-down approach to decision making, do a better job of extracting value from the data, explains a Coursera publication.

How to avoid errors in data analysis?

March 2019

Using information without defined objectives and not integrating it across the entire company are part of the mistakes that organizations can make when analyzing large volumes of data.

Although there are still many companies that have not begun to analyze the information they accumulate in their operation, there is a risk that the efforts they make in the future will not achieve the expected results if the mistakes that some organizations tend to make in the process are not avoided.

The Risks of Mishandling Big Data

February 2017

When using data to make business decisions, companies must understand that having a lot of information is not the same as having real, verified and high quality information.

EDITORIAL 

Every day more and more companies are using new methods of analyzing information to make their business decisions, but on the path towards change it is all too easy to make the mistake of believing that having a lot of information,real, is the same as having real, verified and high quality information.

Business Information "Convenient for Me"

November 2016

The failure of polls on the presidential election in the US shows that in order to get the right information, data must be collected and analyzed with scientific rigor, free from any bias caused by the personal interest of pollsters and analysts.

EDITORIAL

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