Selling Yourself Short: Is Excel Still the Answer?
We all love Excel when it comes to numbers. It’s still the most widely used tool within businesses to prepare and deliver key performance metrics across organizations.
We’ve all been there. Your formulas are all set. All the rows and columns have been meticulously aligned. The visuals are jam-packed with insights and analysis.
You hit the ‘Send’ button…
Your Executives are now armed with inaccurate, potentially harmful reports.
The reality is that corporate numbers change every second of the day. By the time your spreadsheets are prepared and distributed via email, most of the key metrics contained within are already old news.
So here’s the question: if your business moves at the speed of lightning, why doesn’t your data?
That is to say that Excel might be holding you back from becoming the truly data-driven organization you aspire to be.
Hard to Consume on Mobile
Considering how much time business professionals spend away from their desks and computer screens, mobile optimization and functionality are MUSTS.
Whatever tools you use to view and digest data, they’ve got to be intuitive and user-friendly.
I don’t know about you, but having to pinch my screen and zoom in multiple times while swiping from side-to-side isn’t exactly convenient. It’s alarming how often I see Executives doing just this during a meeting while they’re staring at their mobile devices. But speed, self-service and mobile platform shifts are opening a whole new set of opportunities for your people to stay up-to-date on the metrics that matter.
We rely on technology to make things easier for us, not complicate things… right?
There are other options available and better ways to get the data you need, in a way that suits you and your devices best.
Break it Down
It’s easy to feel overwhelmed when you open up a spreadsheet with your quarterly results, especially if you’re reading on-the-fly.
Sometimes it’s better to have 3–5 key metrics that drive your business and are of a particular interest to you.
While Excel offers that as a possibility, it’s not too often you see a report that contains a limited selection or small number of metrics.
What’s interesting to note is that after spending more than a year working closely with several Fortune 500 customers and hundreds of SMBs, companies are paying a lot for BI solutions — nevermind the valuable time that long implementation projects eat up.
And still, Executives aren’t using them — they still consume their metrics via Excel files delivered via email on their mobile.
This leaves them blind to sudden changes in key metrics and means they may not be referring to accurate data on calls or in meetings.
Having a tool that breaks information down and makes it easier to process is a huge game changer for all professionals.
Empowering Your Decision Makers
It’s not exactly a revelation to say that mobile is driving the next big shift in Enterprise.
Your employees are spending more and more time on their smartphones, which means that the amount of data they’re working with is increasing significantly.
The number of systems and cloud services in play create new challenges for all of us on how to access and deliver meaningful data to the people who need to make decisions. Even as a product-driven company with a true obsession for data, design and how to bring consumer-like ease-of-use products to the Enterprise, we also tackle these types of issues ourselves.
We are living in a metric-driven world, but it’s not always about (big) data or deep predictive analytics. In fact, sometimes getting the right data at the right time and in an easy-to-consume way matters even more. With Databox, you’ll have access to essential data and insights right in the palm of your hand, empowering users and enabling truly data-driven, intelligent, and timely decisions.
Are you still using Excel to report on your data? Have you experienced any of the challenges mentioned above? Give Databox a spin and stay on top of the metrics that drive your business, anytime and anywhere.
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