Vice President of Engineering bottle rocketcontributes to best practices and innovation across the organization.
The past few years have taught us how much we need to value the people in our lives. Products are correlated. More often than not, instead of counting our blessings by really evaluating what we have, we chase the latest and greatest toys—the brightest toys we can find.it may be a little that too It’s nuanced in the business world, but during times of economic stress, it’s worth considering existing systems before making too many changes. Let’s take a look at a series of steps you can use to get the most out of your current system.
The first step is to understand the systems you have access to and their capabilities. Review your receipts, automatic payments, and bank statements to evaluate all the tools and products you pay for and start analyzing their feature sets. Redundancies and multiple departments paying for separate licenses can be quickly discovered and easily combined at discounts.
Measure actual usage
Tools and systems are sometimes purchased with a lot of desire to transform the business or provide insight into how the business works. Our best intentions in using the product are that we either quickly revert to old habits or the full transition never took place and the inertia was too great to continue using the previous system and we can’t do it. Don’t blame an underutilized system for this step. Rather, simply be aware of how the system is used and what features are not.
The first task after the above assessments have been carried out is to either consolidate their use into fewer tools or replace some of them with simpler and cheaper tools that perform the same tasks. , it’s easier to retrain than convince people to change. So do a thorough analysis of how the tool is being used and what tasks can be migrated and done within another existing tool.
Data sharing (internal)
Even after you’ve integrated it into as few systems as possible, most people will find a few systems they like to view data from, even if they don’t need to use it themselves. Often there is a way to get that data from one system to another or into a tool like Google Data Studio where you can build your own dashboards. This allows for fewer licenses and more efficient use of tools instead of using multiple systems. As long as you keep track of which product is your system of record, you can keep your data clean and in a smooth flow.
Now that data is flowing throughout your organization, you need to identify what data is actually important to your business. It’s good to know that someone came to your website, but it’s even better to know where the customers who bought your biggest and best products come from. , sales forecasts, resources, and customer data. Investing in new tools to help with these analyses makes sense if it saves time, but going back to step 1 and looking at currently underutilized tools that could help with observation and analysis Check for tools.
Proper management of company resources is always important. Especially when we are feeling inflationary pressure, economic uncertainty and a tight labor market. Prices and tensions are high, but by scrutinizing our resources, using them efficiently, and stripping out the excess, we can revitalize our business and our people, and set them up for success. .
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