Knowledge is power – the power to decide, the power to act

Staying competitive comes down to who can make and act on decisions the fastest. It sounds fairly simple, but for many companies corporate decision-making has become highly complex. The pressure to be fast, the increasing number of decision-makers and the growing volumes of data have created a situation where companies are identifying issues after they’ve already affected performance.

Companies that are successful in staying ahead of the market have changed their management approach. They have adopted solutions and tools that enable them to be proactive – in identifying issues, in making decisions, in executing on them and in evaluating their impact.

Going beyond analytics, reporting and scorecards, Panorama Software provides the framework, business intelligence and corporate performance management solutions to help companies manage their businesses proactively, unlocking the hidden value of information assets for improved business performance and results.

The pressure to do more
The complexity of corporate decision-making stems from the paradox between data volume and the human ability to act on it. Data keeps growing at an alarming rate, but the capabilities of the average worker to process the information inherent in the data haven’t changed.

There’s just more. More tasks, more decisions, more demands on the focus of an employee’s attention. To survive and excel in this culture of ‘more’, companies need to be able to present data in a way that makes sense. Then, it can be used practically to improve efficiency in completing tasks and making decisions.

Doing more by knowing more
Making proactive decisions means leveraging your collective knowledge and using it actively to understand performance. If you know what worked and what didn’t, you’ll be better prepared to decide and act in the future. But most companies only glean insight after it’s too late. Mistakes are repeated and opportunities are lost.

Gaining knowledge about your business enables you to target specific issues you know about or ones you discover along the learning path. But the key is to glean that knowledge without spending precious time sifting through mounds of data. It is critical that the information you need comes to you so you can spend time translating it into knowledge. Managing your business proactively enables you to discover information so that you can implement successive changes that make a big impact.

Anticipating market changes and adapting quickly requires solutions that can offer a combination of insight and action. Proactive management means:

• Defining a business strategy, execution plans and tactics.
• Articulating and communicating your strategy in a way that is easy to understand and has impact.
• Tracking and measuring corporate and individual performance toward achieving strategy goals.
• Monitoring progress in real time to identify positive trends or potential issues.
• Analysing the opportunities that will drive your business forward and better understanding roadblocks that might impede progress
• Collaborating with others inside and outside the company to make decisions with greater speed and confidence.

Panorama – sophisticated, not complex
Managing your business proactively requires powerful technology applications. However, the common misconception is that power means complexity and inaccessibility for general users. With Panorama, that’s not the case. Panorama focuses on simplicity, giving you the freedom to decide the level of complexity. The solution is simple – simple to deploy and simple to use. But it is not unsophisticated.

Panorama integrates with the way you already work. It delivers value by enabling you to do what you do now, just faster and more effectively. Users are able to define what information they want to see and how they want to see it. Because the information is delivered proactively to the user, the focus turns to understanding it and acting on it. It’s a more efficient way to work.

With the number of decisions required increasing within organisations, the process of decision-making can no longer be contained within one role or department. Every individual, within the confines of their daily responsibilities, needs to make decisions that have an impact on the business as a whole. As a result, employees, whether they are executives, analysts, managers or information workers, need tools that provide insight into information and the ability to investigate it as deeply as required to determine appropriate action.

Depth of analysis is one of Panorama’s core strengths. This combined with ease of use helps companies realise the value of business intelligence – keeping up with the culture of ‘more,’ while improving the quality and impact of decision-making.

Panorama provides the tools that enable organisations to build a work culture that promotes continuous improvement. Employees work more efficiently, leaving more time for complex, high value tasks like analysis, which are integral for improving performance and moving the business forward.

More time, more knowledge, better decisions
When you think about what must be accomplished in a typical day, month, quarter or year, consider what doing more and knowing more could do for your business. What would an extra hour per day be worth to your employees and your business? How would you benefit from more knowledge about your department, functional area and business performance? If you could make better decisions, how would that impact what you do on a daily basis?

With tools such as those from Panorama, you can free up that extra hour to dedicate to other high value tasks. You can know more about performance and the issues affecting it, and most importantly, you can make better decisions that improve results. By using Panorama to manage your business proactively, you gain the power to decide and the power to act, enabling you to respond effectively to rapid change and fleeting opportunities.