A key question for many businesses is how they can strategically reduce costs without damaging the customer experience, or the company’s ability to grow. While PwC research has revealed that two thirds of businesses plan to cut costs over the next 12 months, less than 30% of cost cutting programmes hit their targets. Even more sobering is the fact that less than a fifth of these can show sustained benefits over three years.Data Driven Decision Making.
Achieving operational efficiency is made easier if companies are willing and able to be guided by data. By harnessing the power of analytics, organisations are able to build a detailed picture of operational activities, alongside costs – thereby spotting patterns that flag up inefficient processes. Indeed, a recent study found that 63% of respondents believed that big data and analytics solutions were creating a competitive advantage for their organisations.
By gathering the right data and performance measures and acting on them in a timely manner, companies can enjoy sustained improvements in company productivity.
Fundamentally, by utilising analytics to lead operational efficiency and reinvesting those savings back into key impact areas for growth - your company will see impressive improvements to its bottom line.
If you are looking for rapid growth and you are also the very best in the world at what you do, passionate, full of energy and bold or a captain of industry of a leading or seriously ambitious challenger business or brand - get in touch to find out more ›