The importance of information in the decision-making process

Difficult decisions are part of the daily life of managers. It is necessary to keep abreast of what is happening in the company to make the right decisions for the business. However, due to the increasing amount of data in companies, it is not always easy to decide consciously and objectively. In this article, we discuss the importance of information in the decision-making process.

Information is important to identify problems

In most situations, decision making aims to solve a problem. Thus, it is necessary to identify its origin and list all possible solutions. This step seems basic but is one of the most important because it will give us the data needed to know which path to choose. And there is not always up-to-date and organized information to make these decisions. The right information is essential so that managers can decide the best way.

Real-time information is a growing need

The day-to-day of a manager is quite busy and it is humanly impossible to keep up with all the situations that happen in the business. We live in an age when we are “bombarded” by data from all directions! It is very important to have a real-time business monitoring system as it allows you to set business alerts so that you are advised whenever any important situation requires immediate intervention. Multipeers is a BAM system that allows you to define business alerts that warn you whenever a situation requires your attention. In this way, you will always be aware of the events of your business and will be able to decide in good time. Many of the decisions are made based on reports a few days late, which makes the company have a reactive and non-proactive action. With Multipeers you can always be ahead of the competition, since you can have a single dashboard all the information generated by your company!

Have information from various data sources for an overview

Before making a decision, the manager must identify and analyze in detail all available alternatives. The same problem can have several solutions and the manager should rely on the help of his team to choose the best way forward. In this way, not only does the company win, everyone’s opinion will certainly be better than that of a single person, as employees will feel more motivated because they feel that they are an integral part of the process.

Information everywhere

Mobility is a growing trend and in many sectors is already a daily reality. Employees and managers must have access to the most important information about the business because only then will they be able to make effective and timely decisions. Cloud computing has facilitated labor mobility by enabling important business documents to be consulted anywhere and for effective decision making.

 

The Importance of Mobility for the Business World

The idea of ​​an office between 4 walls from 9am to 6pm is increasingly outdated. Today, companies prefer that their employees have mobility, that is, that they are able to work from anywhere. The widespread use of the Internet and the constant evolution of technology allowed mobility to become a reality that is increasingly present in companies around the world. Enterprise mobility allows for greater agility and efficiency for companies, as well as driving cost savings. In today’s article, we address the importance of mobility for the business world!

Increased security

Companies are often afraid that mobility will be synonymous with a greater likelihood of loss of network access credentials, which in most cases results in leaks of information abroad. Fortunately, more and more technology is moving towards making systems and networks more secure and practically inviolable. Nowadays, it is possible to control the access of those who are connected to the network, define restrictions, among other things that contribute to the access to the company network by other devices is not seen as a problem. Knowing that employees are going to connect to the network from anywhere in the World means that companies have a greater security concern, which translates into a huge advantage for the whole business.

Real-time information about the business

With access to company information from anywhere in the World, employees are able to give an instant response to their interlocutor, passing an image of professionalism and excellence. Products such as Multipeers allow the collaborator to know where the business is at any given moment through a smartphone or a tablet. Mobility requires the adoption of this kind of solutions, which bring innumerable advantages to organizations, thus entering a spiral of positive events that will translate into an increase in profit.

Better communication among all stakeholders

Through a mobile phone, it’s possible to respond to an email from a customer from anywhere in the World without having to wait to get to the office. This facilitates communication in that it greatly reduces the response time. Nowadays, it is also possible to create and edit documents on mobile devices, which makes work more efficient and with faster results. You can also participate in geographically distant meetings by accessing Skype on a mobile device, for example. Customers today are much more demanding than in the past, so it is crucial that you can respond quickly and effectively.

Greater freedom and greater motivation

With mobility, it’s possible for workers to work from anywhere and at any time, so that they are not limited and forced to work from the office. This makes the creativity and motivation are greater and consequently you will feel an increase in productivity. Employees feel that there is less pressure and that there is more freedom, thus increasing their motivation and involvement with the company.

 

Digital transformation: how to start?

We live in a digital age and businesses can no longer escape this new reality. Digital transformation is no longer a planning for the future: it is the present of companies. Nowadays, for a company to remain competitive it is necessary to have a solid foundation of technology. Cloud computing, Big Data, Data Analytics, Internet of Things, mobility, real time information, among many other technological concepts are part of the day-to-day business of companies around the world. All these concepts need to be integrated into a business digitization strategy, because when worked together they are much stronger than if analyzed individually. In today’s article, we leave you with some tips on where to start implementing a digital transformation strategy!

Analyze the market in detail

The company should start by checking where it is on the digital maturity curve. It should also verify at what point of maturity the direct and indirect competitors meet. In the past, digitization was seen only as a way to reverse the loss of profit. Nowadays, digital transformation is seen as an opportunity for growth.

Evaluate your current business status

At this stage, you need to make an exhaustive assessment of how digital or analog your business is (this analysis covers products, services and company assets). You need to check whether the company is easily digitized or whether it takes a lot of financial and human resources to get the company’s assets from tangible to intangible. After this assessment, it is necessary to plan the scenarios for change, analyzing strengths and weaknesses and market needs, in order to find financially sustainable possibilities to begin the digitization process.

Put yourself in the shoes of your customers and realize their needs

You need to know your customers and understand how they are interacting with the market, what needs they present and what kind of solutions they are looking for. Based on this knowledge, it is easier to direct the offer and add value to it. You should find ways to reach your customers by digital means, for example, see if they communicate through social media, read newsletters or listen to podcasts. Digital communication is increasingly the preferred communication channel for consumers. Through this mapping, it is possible to develop much more effective segmentation strategies, since it focuses on the real needs and characteristics of consumers.

Define a strategy with specific dates and actions

After analyzing all the aspects related to the market and the company itself, the next step is to use the data to draw up a strategic plan, which includes all the phases of the digital transformation to be applied in the company. The starting point is always different for each business, since each company has its own specific characteristics. Priority should be given to weaknesses in relation to the competition and using the company’s strengths to stand out.

Prepare the company for change and involve the entire organization

A traditional company tends to be at the center and to treat its customers only as consumers of its products, without actually realizing the importance that the customers have in the evolution of the business. A traditional-minded company looks at digital technology only as a support to operations and there is no great concern for innovation. A transition to the digital world requires investment, time, and a well-defined strategy, since this is the only way to take concrete actions. In this era of change, it is critical that business leaders prepare their employees for scanning. This preparation can be done through training actions that enable employees to realize the true importance and benefit of moving to a digital paradigm.

Apply the change in the actions of the day to day

It is not enough to say that we want to change. Do not just set a plan that ends up forgotten in the bottom of a drawer. Employees need to feel involved in the change process and it is essential that the example be given through daily actions. Using technology in actions that were once more “traditional” and automating processes are the first steps to prove that the company has effectively entered the digitization phase. It is only through superior examples that employees will feel motivated to apply the new business philosophy as well.

 

Digital transformation makes processes more fluid and managing all departments of the company becomes an easier and intuitive task, because communication between all areas of the company is facilitated. The definition, implementation and improvement of business processes for a more practical and facilitative approach is the goal of adopting new technologies in business. With a more organized and fluid structure, the company will gain a competitive position compared to its direct competitors.

The best tools for an effective decision making

All managers face the daily challenge of making decisions. In such a busy market and where information flows at a very fast pace, it is not always easy to have the right information at the right time, which complicates the decision-making process. It’s essential that managers equip themselves with the appropriate tools to enable them to make objective and assertive decisions. In today’s article, we talk about the best tools for an effective decision making!

Cloud Storage Solutions

Mobility is a growing trend and in many sectors is already an everyday reality. Employees and managers should have easy access to the most important information about the business, because only then will they be able to make effective and timely decisions. Cloud computing has facilitated labor mobility by allowing important business documents to be consulted and edited anywhere. This will contribute for an effective decision making.

Real-time information tool

The day-to-day of a manager is quite busy and it is humanly impossible to keep up with all the situations that happen in the business. It’s very important to have a real-time business monitoring system that allows you to set business alerts so that you are advised whenever any important situation requires immediate intervention. Multipeers is a BAM system that allows you to define business alerts that warn you whenever a situation requires your attention. In this way, you will always be aware of the events of your business and will be able to decide in good time. Many of the decisions are made based on reports a few days late, which makes the company have a reactive and non-proactive action. With Multipeers you can always be ahead of the competition.

KPI’s

The KPIs relate to the previous point. A KPI – performance indicator – is a value that demonstrates whether the company is achieving its primary goals. The company can and should have well-defined KPIs. Likewise, each department and employee must know their KPIs so that they can work towards their goals and help the company grow. “If we doN’t know where we are going any way is good”: in this way, it’s indispensable that each employee knows his role in the company so that he can guide his daily work in order to reach all his objectives. With Multipeers, you can track KPIs in real time.

PDCA Cycle

PDCA is the go to plan, do, check and act. It is a management technique linked to the improvement of a company’s processes. Its purpose is to solve problems, pointing out the causes for potential deviations and productive failures. This process makes the organization of the company more efficient in the long run and it is essential that it be applied from the moment of creation of a business, so that the improvement can be continuous. Based on this tool, it’s possible to make more effective decisions because there is a greater knowledge about the company.

What is more important when choosing a management system?

Choosing a good management software is a great step to have a successful company. In today’s highly competitive marketplace, it is critical that companies equip themselves with the best possible tools so they can make informed decisions for the future of the business. Given the huge volume of management systems that exist in the market, the doubts in choosing the management software are immense. In today’s article, we leave you some tips to know what is most important when choosing a management system!

Choose a software that allows you to have the information in real time

Nowadays, information is more valuable than ever and it is essential that companies know what is going on with the business at all times. BAM tools such as Multipeers allow you to keep track of all business processes from a variety of data sources and are updated at all times. In addition, they allow you to set up business alerts so that the user is notified whenever an occurrence deviates from what is considered normal. Real-time information is increasingly a necessity and a reality in companies around the world.

Choose an easy to implement management system

If the management system you choose is too complex, users will find it very difficult to use it on a day-to-day basis, so the purchase will not have the desired results. It is very important that the management system responds to all business needs, but at the same time it should be easy to implement and quite intuitive in its use.

Safety should be the priority

A management software will know everything about your business. The confidential information will be placed there, so it is mandatory to choose a software that guarantees the protection and security of your information. If you choose a software as a Service (SaaS), you should carefully review the vendor’s backup policy and if you choose a product installed on a local server, you will need to have a team that frequently monitors information security.

Mobility is the future

The World is increasingly mobile and in companies this reality is no different. Anywhere, it is possible to consult emails and even attend meetings with people who are on the other side of the World. Companies increasingly understand the benefits of implementing mobility and the management system must integrate this functionality. Before purchasing the software, check that there is a good mobile version so it can be used anywhere in the world!

Eliminate barriers that make you decision making more effective

Business world is happening at an amazing pace and managers need to make quick, timely and effective decisions. It is only through assertive decision-making that companies are able to keep abreast of competition and respond to the increasing demands of consumers. However, in most companies, there are barriers to making rapid and efficient decision-making. In this article we will give you some tips to eliminate these barriers and make conscious and effective decisions!

Flexibility

Many managers make decisions based on small pieces of available information and don’t take into account the views of employees who deal with situations on a daily basis. It is vital that there is an analysis of the pros and cons and a survey of the opinion of those who are involved in the process. The best decisions are those that take into account different points of view. Managers must be flexible and analyze all possibilities.

Lack of a plan B

As good as planning is, you have to keep in mind that things can go wrong. The world of business is very susceptible to change and unexpected situations and it is necessary to always have an alternative plan. Having a B plan makes emergency situations easier to deal with. Many managers don’t think of alternatives when they make a decision and end up harming the business if the decision they make does not have the desired effects.

Lack of alerts and real-time information

The day-to-day of a manager is quite busy and it is humanly impossible to keep up with all the situations that happen in the business. It is very important to have a real-time business monitoring system that allows you to set business alerts so that you are advised whenever any important situation requires an immediate intervention. Multipeers is a BAM system that allows you to define business alerts that warn you whenever a situation requires your attention. In this way, you will always be aware of the events of your business and you will be able to decide in good time. Many of the decisions are made based on reports that are a few days late, which makes the company a reactive and non-proactive organism. With Multipeers you can always be ahead of the competition.

Lack of mobility

Mobility is a growing trend and in many sectors is already a daily reality. Employees and managers should have access to the most important information about the business because only then they will be able to make effective and timely decisions. Cloud computing has facilitated labor mobility by allowing important business documents to be consulted wherever you are.

 

Learn about the advantages of the BAM system and find how these tools can help your business!

Mobile Devices: Competitive Advantages for your Business

Find the major advantages of mobile devices for your business

The trend is global: people are increasingly using mobile devices. Nowadays, we prefer to access Internet through these devices and its evolution allows us to access it from anywhere in the World. At a personal level, there is no doubts about the modifications and advantages of mobile devices, but in the company level we don’t have yet a clear vision about the impact of mobility. In this article, we present you some advantages of mobile devices for the business world.

New communication channels for services and products

Social networks have changed the way we view the world. If a few years ago they were only regarded as tools of leisure, nowadays social media are gaining a very growing importance in the business world. Companies increasingly choose to communicate through Facebook and Linkedin pages and profiles on Instagram because their potential customer are in these platforms. The current consumer lives online and thanks to the paid ads on these platforms, nowadays it’s possible to target very well the audience that we want to reach and reaches it in a relatively simple way.

External and internal communication easier

Through a mobile phone, you can respond to an email from a customer from anywhere in the world, without having to wait to get to the office. This facilitates communication and reduces the response time. Nowadays, it’s also possible to create and to edit documents on mobile devices, which makes work more efficient and with faster results. You can also participate in geographically distant meetings by accessing Skype on a mobile device, for example.

Ecommerce growth

It’s now possible to shop online from anywhere. Mobile devices have made e-commerce a more constant presence. Nowadays, the online stores already have the concern of creating a responsive website to all the screens of presentation. Many small businesses still choose to sell their products through profiles on Facebook and Instagram.

Greater freedom and greater productivity

With mobility, it’s possible for workers to work from anywhere and at any time, so that they aren’t limited and forced to work from the office. This makes the creativity and motivation increase and consequently you will feel a growth in productivity. Employees feel that there is less pressure and there is greater freedom, thus increasing their motivation and involvement with the company.

Mobility has changed the way we view the business world and the way we do our work. The advantages are immense, but we must not let ourselves be addicted to technology and we must have offline moments, in which we disconnect from the digital world!

How Technology Has Changed Decision Making

Learn how technology has influenced decision making

The large amount of information that currently exists is a concern for companies, which increasingly find it difficult to manage this information and manage it in order to take the better decisions.  In the old days, technology was used only to automate tasks and to reduce the need for human work, but today it enriches the entire organizational process, optimizing activities, eliminating communication barriers, among other advantages. Management software has played a key role in helping managers to make assertive and conscious decisions. In this article we talk about how technology has changed decision making!

Real-time information: the possibility of accessing the information in real time changes everything because it’s the guarantee that we are always working based on the most current information that exists. Decision making is made easier because there is no need to consult old reports to decide what to do next. With information so accessible, the likelihood of making decisions is much lower, which certainly increases the efficiency of companies.

Creating Business Alerts: Real-time information management software such as Multipeers enables you to set up business alerts that alert managers to abnormal situations that require your attention. This fact makes it possible for managers to carry out their day-to-day tasks in a quiet way because they know they will be alerted when something abnormal happens. This allows corrective actions to be taken immediately, ensuring the rapid resolution of problems.

Mobility facilitates follow-up: Being able to track the status of the organization through the tablet or smartphone is essential for an effective proximity to the business. More and more we use mobile devices and we manage many of the operations through them (reading and sending emails, doing banking transactions, among others). The availability of real-time information for mobile devices allows us to be always attentive to everything that is important in the organization, so that there is no loss of time in decision-making.

More dynamic management: the data available in real time allows instant analysis and decisions are more conscious and efficient.

Immediate perception of the problems: real-time information informs us about the state of things, which allows us to know in good time what is going wrong, so that we can solve the situations. With this new management model, it isn’t necessary to use old reports to find out why something went wrong, because we are alerted immediately.

Technology has changed the way we live and the way we work. With technology, it’s easier to access information and, consequently, to make better decisions that allow the company to achieve success!

5 Advantages of Mobility for Labor Productivity

See how mobility helps increase productivity

Business mobility is still viewed suspiciously by top managers. However, in recent years we have witnessed a change in the labor paradigm. The use of mobile devices in the professional world is changing the way how people and companies act. In this article we present 5 advantages of mobility for the labor productivity and we intend to demystify preconceived ideas about this issue.

Cost Reduction

Studies conducted by Gartner and supported by Microsoft found that, thanks to mobility, employees save about 25% of their time on the move to the workplace. In addition, having mobility means a significant reduction in the sales cycle for the commercial area, as it is possible to collect data immediately and avoid delays in signing contracts and protocols (due to the use of a digital signature). The savings can be even greater if the company opts for smaller facilities, because as employees are not always in the company space, there is no need for high areas.

Improvement of safety standards

Companies are often afraid that mobility will be synonymous with a greater likelihood of loss of network access credentials, which in most cases results in information leaks. Fortunately, technology is moving towards making systems and networks more secure and practically inviolable. Nowadays, it’s possible to control the access of those who are connected to the network, to define restrictions, among other things that contribute to the access to the company network by other devices is not seen as a problem. Knowing that employees are going to connect to the network from anywhere in the world means that companies will increase security rules, which translates into a huge advantage for the whole business.

Cloud Storage

Thanks to the widespread use of Cloud, any employee of a company can now access files and documents anywhere in the world. Mobility is made easier and more efficient thanks to this reality. The Cloud allows a collaborative work among all, without having to access to Intranets or methods that would make it difficult for employees to travel.

Communication improvement

Connecting devices to the enterprise database enables employees to access the information they need from anywhere and anytime. This makes communication more effective and optimizes the relationship with stakeholders. The response time will be shortened which is extremely positive.

Everything happens in real time

With access to company information from anywhere in the world, employees can give an instant response to their interlocutor, passing an image of professionalism and excellence. Products such as Multipeers allow the collaborator to know the status of the business at any moment through a smartphone or a tablet. Mobility requires the adoption of solutions like this, which bring innumerable advantages to organizations, and businesses enter in a spiral of positive events that will translate into an increase in profit.

The present is mobile and it’s expectable that companies will face challenges in this area in the future. Technology has evolved to eliminate or at least minimize the most damaging effects that mobility could have.