“When the going gets tough, the tough get going”
As the saying above states, “when the going gets tough, the tough get going.” Current macro environment is indeed tough.
During one of our previous roles at Ebay (2007), business users claimed credit vanity metrics. With increased focus on profitability and growth, we were able to increase adoption of analytics and experimentation. This sustainable capture of growth opportunities within the Marketplaces business across US & Europe.
Typical Challenges in a Market Downturn
In this market downturn, businesses face several challenges that impact their ability to produce shareholder value.
⚠ 1. Decreased Demand – In a market downturn, your customers reduce their spending, which causes businesses to face overall lower demand, which results in lower revenue at constant prices. With a pre-downturn cost structure, that implies lower profitability.
⚠ 2. Increased Costs: – Supply chain costs have increased and supplies have become hard to come by leading to lower revenue. Both of these have increased margin pressure.
⚠ 3. Companies are Downsizing – Business users were already struggling to get timely insights to drive decisions. Revenue and margin pressures are exacerbating this problem due to lost personnel and lowered spend, leading to reactive business performance monitoring.
A Better Future State
Organizations that are forward thinking and are working with analytics innovators are able to do more with less – they make their budget go further and yet get more comprehensive analysis that aids faster decision making.
For instance, we know that human powered analytics can only go so far, and many permutations of analysis are missed by people. Yet, if the same people are given access to modern AI based tools, they are able to be more productive and help the organization make better decisions and timely decisions.
Get Ahead with Autonomous Analytics
for Your Key Metrics
Leverage the power of autonomous analytics to surface the patterns, trends and facts for your team’s decision making process in your weekly and monthly business reviews:
✅ 1. Grow Top Line – Increase revenue and boost sales through data-driven insights into your customers and markets. Understand green shoots i.e. new growth opportunities.
✅ 2. Reduce Costs: – Don’t leave money on the table. Make smarter decisions that help you reduce costs and improve your bottom line. Get visibility into product performance and customer engagement issues as they happen. Improve time to detect and resolution by addressing issues prioritized by business impact.
✅ 3. Improve Operational Effectiveness – Embed our insights into workflows to make your Weekly processes more effective to focus on the Important v/s the Urgent. Annotate events & changes on our platform to better understand performance so that you can stay ahead of the competition.
We help you unlock the full potential of your data, providing valuable insights and bringing automation to your decision-making processes. We deliver a 10X ROI, to empower businesses to make data-driven decisions breaking the bank.
Prioritize your data-driven insights, act now, and get results. We would love to talk to you today to show how we can help your business succeed in a challenging economy. Please reach out here.