The field of data analytics is growing in acceptance and importance and is no longer limited to big companies with deep pockets: it’s widespread
The field of data analytics is growing in acceptance and importance and is no longer limited to big companies with deep pockets: it’s widespread. Small businesses and tech giants alike are ramping up their ability to collect and analyze data.
Why are analytics critical to business?
Data analytics play a critical role as a decision-making resource for businesses of all sizes. It’s how risks are mitigated and how opportunities for innovation are seized. Analytics are now used by 59% of enterprises in some capacity. Applying analytics to business challenges can help companies achieve new insights, pinpoint inefficiencies, and optimize everyday processes—ultimately improving business performance. According to a survey from Deloitte, 49% of respondents rely on analytics to help them make better decisions; 16% say that it better enables key strategic initiatives; and 10% say it helps them improve relationships with both customers and business partners.
Even though more companies are talking about data and acknowledging the value of this information, Forrester reports that between 60 percent and 73 percent of all data within an enterprise goes unused for analytics. Not knowing the best way to read, understand, and apply data can be costing your business. Those costs could take the form of lost revenue opportunities, lower efficiency and productivity, quality issues, and more.
Using the right technology can save your bottom line
Business Intelligence (BI) tools access and analyze data sets and present analytical findings in reports, summaries, dashboards, graphs, charts, and maps to provide users with detailed intelligence about the state of their business. These tools help you dig deeper into how your organization works and identify savings and efficiencies.
One such tool that helps companies fine-tune the way they work, specifically with documents is Nitro Analytics. Nitro delivers rich real-time insights into users’ document workflows and productivity so organizations can pinpoint and optimize inefficient processes, find print-reduction opportunities, and demonstrate digitization gains to stakeholders.
Nitro Analytics answers usage questions quickly and reliably and serves as an early indicator of the value the product is providing for both workers and businesses. Organizations can answer questions such as, how often workers are using Nitro, which users are getting value from premium PDF productivity features such as edit and print combined, how does the feature adoption rate vary over time, and more. Organizations can also assess version distribution and determine whether they are standardized on one version—ensuring that they standardize on the version that’s best suited company-wide.
Insights available via Nitro help IT administrators and decision-makers identify where short or long-term adjustments may be needed in strategy. As a result, organizations can find savings, efficiencies, workflow optimization, and distributed access. R
OI is made clear with the insights below. Armed with these practical insights, a multitude of business goals will be within your organization’s grasp in no time.
Maximize productivity with unique analytics
Nitro offers document usage and productivity analytics that no other providers do. By switching to the Nitro Productivity Suite, you’ll get access to insights that can be used to fine-tune the way your company works. View this 1-pager to learn how to improve workflows with unique productivity analytics.
For large teams and businesses, contact us today about a free managed trial for your team—even from home.