ChristianSteven BI Blog

Amp-Up Your Development Workflows

In today's fast-paced and competitive business environment, data plays a crucial role in informing and optimizing product development workflows. From gathering customer feedback to tracking performance metrics, data can provide valuable insights that help businesses make informed decisions and drive innovation. 

By leveraging the power of data, product development teams can streamline their workflows, reduce costs, and deliver products that better meet the needs of their customers. This article will explore how data informs your product development workflow and discuss best practices for using data to improve your product development processes.

You'd be hard-pressed to find any company that isn't exploring app-based technology and digital solutions to improve how they reach their customers and clients these days. Business leaders are also embracing technology that streamlines processes relating to production, service delivery, and data collection, too. But what about the employee's experience? What can today's companies be doing to enhance how their teams connect inter-departmentally, manage their workloads, and improve cohesive functionality?

The answer could be Power BI Reporting. It's the resource allowing for employee prioritization on a grand scale in today's working environments. And it's how the savviest company leaders are connecting and engaging their teams to drive bottom-line growth and inspire incredible employee experiences and culture. When you take care of your teams by providing them with the necessary business intelligence, tools, and other resources, they'll do precisely that and more.

End-of-the-year reviews are common in any business environment. It’s around this time of the year that executives are sitting down with their annual reports to explore areas of improvement, spot growth trends, and develop plans for 2023. Another pillar concern for company leaders is problem-solving and challenge anticipation. What business problems are you expecting next year? More importantly, what should you be prepared to solve? Every industry has unique problems to solve  and core offerings. However, these are the most significant, universal challenges facing every business owner in 2023. In this article, we will offer a few insights to help you explore solutions. Spoiler alert, Power BI Reporting and having the right data solutions should be on your shortlist.

Businesses often talk about the need for data-driven decisions. Yet,61% of executives do not believe their organizations view data as an asset. Less than 15% believe their organizations are delivering on their data strategy, and less than 25% see their enterprises as data-driven. Many executives are unhappy with the insights derived from their own data analytics.

Part of the difficulty comes from low data literacy among executives and the workforce. About 60% of executives said they did not derive value from data analytics, and almost 80% of the workforce have little to no confidence in their data intelligence skills. Even if organizations have comprehensive data analytics, their workforce cannot turn those into insights. They need tools such as Power BI Reporting to transform analytics into outcomes.

The most recent data from Statista indicates that more than 60% of corporate data is now in the cloud. Unfortunately, many organizations migrated their data to the cloud, assuming existing data management practices would transfer. Businesses need to deploy cloud-specific data management strategies if they want to maximize the benefits of cloud migration.