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In today’s digital world, business data is being generated at an exponential rate. In addition, the total number of data to process is increasing as collection methods improve. As the years go by, there are more reasons that businesses choose to use an analytics platform to handle their data analysis.
More and more people are on the internet these days, buying products, interacting with social media platforms, reading emails, and so on. All of this activity generates a lot of data for businesses. Companies use analytics platforms to assist with workflow analysis and understanding the more profound stories behind their data to make sense of it all.
There is a reason that analytics platforms have an 85% adoption rate. Previously, companies relied on the old-school data processing approach: storing all their information in a spreadsheet and manually doing analysis. After you learn how to create & customize charts with an analytics platform, you might never look back.
When dealing with large amounts of data, this process becomes very time-consuming and expensive for businesses to handle on their own. This is why they’re turning towards analytics platforms that can automate these tedious tasks to focus on more strategic initiatives.
After switching to an analytics program, businesses have noticed a 14% increase in conversion rates. In addition, they receive a 7% rise in-store performance, a 6% revenue increase within three months and can create their first data story within 10 minutes. In short, data analytics platforms stomp the traditional means of storing analyzing data.
If you are reading this page, you are probably most interested in how analytics platforms can help you and your business simplify the otherwise hectic process of simplifying data processing. In short, there are many reasons why charts & graphs will make your company data useful. Let’s go ahead and look at some of the top ways that an analytics platform can simplify data processing.
Do you know what it’s like to try and make sense of thousands upon thousands of lines and numbers? Or using Excel to try and make the graphs you need to tell the story behind the data? This is one of the main reasons why data analytics programs are so popular!
It can be a very daunting process to handle data using the old methods, even for the most experienced professionals in data science! Analytics platforms make it easy to tell your story quickly by making sure that everything is organized into an understandable report within minutes of uploading your data.
Manually handling your data can be very time-consuming. If you’re running a business, there are so many other things that need to get done! The last thing you want is for one of those tasks to be being manually entering the numbers from your spreadsheet into graphs or charts. Analytics platforms will automatically do most of this tedious work. This way, you can get all the time and energy to focus on what’s important: growing your business.
One of the biggest impediments that businesses face when working with their data is how much they have! Some companies will generate hundreds or thousands of pieces of information every day, all coming from different sources like social media posts, email interactions, and more. This is why analytics platforms are so popular: they make it easy to handle all of this data with a single program.
In the past, most companies would have their own separate spreadsheets with different pieces of information in each one. Inevitably, someone from another department will need access to one of these spreadsheets to update some information, resulting in the need for someone on that team to send it or give them access.
With an analytics platform, this is no longer necessary! It’s easy to share your data with whomever you want while still keeping things organized and secure. This way, there are fewer barriers between teams, and you can all work together to make your company better!
One of the most significant issues that businesses face is how they can use all their data. You’ve probably heard the phrase ‘big data’ before, which refers to a field of handling complex forms of data.
This is where analytics platforms shine! They can provide you with more insights than you may have thought possible by automating the creation of charts and the intuitive ability to explore your data. This way, you can get the most critical information to you in no time at all!
When you want to change simple things on your charts and graphs, such as text font and the color of the charts, using Excel or Sheets can be an immense pain in the neck! As studies argue, color can change how we perceive and process information.
Therefore, you should make sure that you’re using a program with the ability to edit aesthetics easily. Analytics programs will allow you, from their dashboard, to edit any visual element of your charts and graphs in just moments! This is one more way that they can help your business simplify data processing.
Once you have the perfect chart to tell your data’s story, you might want to go ahead and share it with the world! This is where analytics platforms become even more helpful. You can instantly embed any chart or graph from your dashboard onto a website, blog post, email, social media page – wherever you’d like!
This way, instead of copying and pasting each element into each new platform, you can simply choose the platform you want to share on! This is another way that analytics platforms increase data collaboration within your organization.
If you are ready to use platforms, you likely already know the immediate benefits they offer you in terms of lessening the time you spend processing data. However, if you’re still on the fence about whether or not it’s suitable for your company, we invite you to continue doing some research and determining if this is the right option for your business on your own.
To help you out, you can find an entire library of information on the benefits of using an analytics platform on our website, as well as overall general information.
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