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How can Data Visibility help you Increase Sales?  

Data is everywhere, but are you using it to increase your sales?  

If not, then think again because data visibility is a foundation to increase sales in many ways.   

Imagine having a complete overview of your KPIs (Key Performance Indicators) at one glance. Wouldn’t it be fantastic to have a dashboard that shows your business’s health? That is precisely what data visibility does.   

 What is data visibility?  

Data visibility refers to how easily an organisation can monitor, display and analyse data from many sources. 

Just like any incomplete information, scattered data is misleading. It does not provide you with a 360-degree view of your business which affects essential decisions.   

We need to organize data in a way that leads to easy access. It helps to understand where each resource goes and keeps you flexible and agile to face challenges and potential threats.  

Complete data visibility lets you make informed and educated decisions about your company.  

Attaining data visibility within your organization brings about many benefits.  

  • It gives you the requisite overview of your KPIs [Key Performance Indicators]:  

Data visibility, the name itself makes it clear that it makes everything visible. It allows an organization to understand how resources are utilized and their impact on the entire project. You have access to the ongoing project data, so you do not need to depend on the staff for the updates but get a bird’s eye view of the active project.   

This creates an opportunity for everyone to see what is happening. It will always help you have a complete overview of your key performance indicators in sales, and you can drill down and select any element to get into the details.  

  • Identify Gaps and Opportunities:  

Having a well-managed and constructed data visibility lets you keep track of financial obligations, team performances, and resource allocation.   

Such comprehensive insights help you identify an opportunity or the existing gaps that otherwise would not have been possible to find out. Such gaps can be overcome by making proper decisions with the help of all the information availed through data visibility  

  • It allows you to make Faster and Wiser Decisions:  

Without clear and visible data, it is impossible to make educated or informed decisions because you cannot understand the full range of your options. With data visibility, you have all the information at your fingertips to make the best decisions at any given time.  

Also, data visibility allows you to make agile decisions with all the necessary information in times of crisis. Overall, the quality of decisions becomes faster and wiser.  

  • Real-time Monitoring, Control and Response: 

Data visibility leads to increased transparency of the processes. With the help of visualization technologies, managers can monitor system performance in real-time track assets and resource usage.  

Such insights can be used to identify and instantly address issues such as gaps in customer experience, wasted resources, and more.  

Visibility allows you to have an in-depth and minute data analysis. It ensures that you make decisions with the broadest range of information possible. This, in turn, will lead to an increase in your sales.  

MagentaBi, a business intelligence platform, can help immensely in data visibility and data visualization.  

MagentaBi provides actionable analytics from your business data by integrating directly to your ERP, including Tally, Busy, SAP, B1, etc., but also helps you define realistic goals and track them with just a click.   

Visit MagentaBi for a free demo today.  

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