Using Data and Analytics for Indispensable Planning!!!

With any good planning there exist multiple scenarios and it is necessary to avoid the one point solutions. So analytics can create rigidity and right data helps in executing the right task. Now a day’s agile is the requisite for many companies to attain Profits, Goals, task or completing task. But still many companies fail to use data and analytics for making good decision, better planning and actions.

There are three constraints for Indispensable Planning:

• Ability to implement
• Funding or Investment capacity
• Administrator or Stakeholder agreement 

The above mention constraint leads to the following results:

• It helps in developing and launching a new product
• It helps in expanding the Services
• It helps in entering in the new market
• It helps in investing in IT firms

Methods for Using Data and Analytics for better planning include breaking the constraint and thinking out of box. The given below scenario will help in taking important decisions if your company is planning to enter a new market. These points helps in planning a strengthen and restructuring the corporate scenarios, understanding the specific execution and operational limitations related to actions and provide solution to tackle them. 

• Taking new decisions
• Flexible Planning 
• Start with Purposeful scenario
• A well considered Strategy

For example, Lack of expertise can be overcome by new hires or complementing the team with other parties etc. While many senior executives expect that their important decisions will increase the investment value. These are the long term goals and can be can be taken care by 

• Using Multimedia methods 
• Social media can provide instant market feedback
• Adjusting with new features and releases

Once a plan get ready then a company, team or organization should be clear what will be the drawbacks for every decision or behind very plans. Try to involve the necessary supportive systems and resources that will help in taking better plans such as

• Avoiding the silos mentality
• Decision should be made only after considering the expected output
• Team should consult with other functional leaders

Hence Data and Analytics can make decision making faster and helps in building the execution approach strategy. It helps in translating decisions into competitive advantage avoiding the cost delays. If you are planning good or if you are a good planner –

1. You will be able to complete to complete your tasks, projects on the time and on budget. As managing project is a skill which is utilized by everyone every day.

2. You will understand that planning is a part of career and if you are using right data and analytics you will definitely add values to your organization and team.

3. You will understand the concept of billable and relationship with the colleagues.

Conclusion:

Data and Analytics help in interpreting the different challenges which will be face by your company in making a better decision and easily you can tackle them.

About Author:
Ekta Sachan is a consultant in Systems Plus Pvt. Ltd. Within Systems Plus, she actively contributes to the areas of Technology and Information Security. She can be contacted at: ekta.sachan@spluspl.com