Article with partner exhibition
Data is a collection of facts and statistics gathered for reference or analysis. Today, they are mostly stored in digital form thanks to advances in computer programs capable of storing large amounts of information. Whether your business is small or large, or you work in a local government office, data is crucial.
It is true that due to their larger teams and budgets, larger companies can afford to collect and analyze more data than smaller ones. But the benefits of using analytics extend beyond organizational size, as it provides a significant competitive advantage in today’s rapidly changing marketplace.
According to Forbes, 59%. of companies use data analytics in different ways to make better decisions and drive business results. From marketing and sales to HR and IT, data helps business owners understand their customers, predict behavior patterns, identify trends, improve service delivery, reduce costs, to develop new products, etc.
For your business to run more efficiently, it is necessary to have effective access to data and to use it in the organization. Thanks to this, each employee is part of a data-driven culture, from top management to managers and service managers at all levels, from production employees to sales staff. Data-driven means everyone is on the same page and fosters a culture of precision so customers always get the best possible service.
If you don’t already have a data-driven culture in your business, it has to be your priority if you want your business to thrive in this competitive world. Data should be treated as an asset, not something to be feared – it can and should be used for good purposes. Many companies simply don’t know where to start with their data initiatives – they don’t know how to define success, who will be responsible for it, or even what data is most important to collect.
Businesses that don’t have access to relevant information don’t stand a chance against competition that uses all available tools. Some retailers are therefore monitoring their inventory levels to estimate what consumers will want to buy during the holidays. Others use big data to make creative decisions when producing new programs.
The organization’s initiatives require constant monitoring so that their objectives are met and progress is made accordingly. Without proper monitoring mechanisms, this monitoring becomes much more difficult, especially for complex projects and programs. Data can help an organization in this process by collecting relevant statistics, reporting the results of social media monitoring and even reporting on actions that have been taken.
For example, an NGO may be working to improve health care for a certain group of people or animals. Data should be collected on the number of these services provided in the community over time, as well as data on the level of satisfaction of people receiving these services. This will help your organization determine if its programs are meeting the needs it has set out to meet or if changes need to be made.
In fact, it all depends on the right measuring sensors. Whether it concerns readings from water and gas meters, or data from air quality sensors (in connection with cities), or finally measurements of the operation of a network of devices in modern office buildings. Also, as with narrowband technology, monitoring can be done without human intervention.
Narrowband is a network operating in licensed radio bands. Operation in licensed bands ensures the narrowband standard without interference from other radio systems. This technology offers two-way transmission, to and from the device, and supports a large number of terminals (approximately 50,000) within range of a single radio cell. Narrowband belongs to the LPWA technology, which is distinguished by its low costs and energy efficiency. And examples of Narrowband technology applications?
– Thanks to NB-IoT technology, water or gas meter readings can be performed without human intervention. The data will automatically be sent to the relevant institutions on pre-determined dates (eg once a month). NB-IoT is an excellent technology for air sensors that are difficult to access and require limited human involvement to read them, say experts at Plus. The sensors can provide information on the cleanliness/pollution of the air. We can also optimize the operation of devices in the building. For example, adjust heating/air conditioning operation by temperature or automate lights to turn on at set times.
Data is not just numbers, it is much more. They are no longer just tools for analyzing what has already happened. They can be used to make decisions and help us understand what might happen in the future. First of all, solutions based on data, that is to say their use, are available today. And they help us in everyday life.
Article with partner exhibition
