How to stop wasting valuable time on reports? Due to the current era of big data, artificial intelligence, robotizing and advanced algorithms we all know how important good management reports and dashboards are. The Future of Work is at your doorstep. Data is the key element to add value to the customer. However, a lot of companies have an abundance of reports that are unused or outdated. We all know those reports that we don't use or reports that are build from other reports, put together in Excel and used as the final report. It is time-consuming. Sensitive to manual errors. This article from EY found out that 74% among their respondents agree that they should improve the information they provide to external stakeholders. So it's time to change!
The best way to assess what reports are needed is to implement new IT/reporting systems. This forces everyone to really look into debt to what reports they really need. What is the Minimum Viable Product (MVP)? What is missing? However, new systems implementations are not an option in most circumstances. Therefore start prototyping to stop wasting valuable time on reports!
Ways to effectively assess your reports
Also, take a look at this related practice to measure employee engagement.
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