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Read the latest news around Slingshot, must-read pieces, interviews, feature updates, and insights on the benefits of an all-in-one digital workplace for various teams of all shapes and sizes.
Why data makes such a difference for worker productivityData is key to performance & productivity in Gen Z workforce: Report
The 2023 Digital Work Trends Report by Slingshot found that 72% of workers primarily utilise data to enhance performance, and over half (54%) employ data to organise their goals. It was revealed that all Gen Z workers use data in their work at least on a weekly basis, with a staggering 61% using it daily.
Slingshot Releases New 2023 Digital Work Trends Report
Slingshot’s Digital Work Trends Report shines a light on how data–or anything that individuals, teams and organizations use to track performance, process, people, platforms and profitability–is now not only accessible to employees, but a critical and necessary part to their productivity.
Slingshot released Part 1 of 2023 Digital Work Trends Report
The inaugural report explores the relationship between productivity and workers’ access to data–or any metric within an organization that illustrates performance and progress. While many businesses have been prioritizing autonomy and workplace flexibility to improve worker productivity, 65% of workers say that a lack of data is what most negatively impacts their ability to do their jobs.
Slingshot Brings Operational Data to the Center of Employees’ Most Common Projects and Processes with Ready-to-Use Workflows
Slingshot users can now access a library of pre-built processes and data dashboards that bring together everything teams need to manage projects and analyze their real-time performance in one place.
Survey: 34% of Workers Have to Guess Their Priorities at Work
While many employers rely on frequent check-ins to track employees’ progress and empower productivity, employees say their productivity would benefit more from having clear priorities (42%) and set deadlines (30%).
Slingshot Named Stevie® Award Winner In 2023 International Business Awards®
Slingshot was named the winner of a Stevie® Award in The 20th Annual International Business Awards®. The company was honored in the “Work Management Platform” category for its comprehensive platform designed to enable teams to collaborate, make data-driven decisions, share content and communicate within the context of the projects they’re working on.
Give Employees Data or Give Them Nothing: 72% of Workers
65% of workers say that a lack of data is what most negatively impacts their ability to do their jobs. Read on for other important findings in Slingshot’s Part 1 of the 2023 Digital Work Trends Report and see what other factors impact the work, and why “data is better than just data”.
The Dominance of Digitalisation in the Packaging Industry
GlobalData’s analysis of key themes in the packaging industry finds that digitalisation is key. The rate of digitalisation-related hiring within the packaging sector is accelerating, and analysts suggest that industry supply chains will be fully digitised and automated by 2035.
Why This Tech CEO Created A Single Place for Teams to Get Work Done in the Digital Realm
The digital workplace has been a buzzword for years, but there are many versions of what companies think a digital workplace is.
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Today, that means going data-driven. According to recent studies, data-driven companies are 23 times more likely to top their competitors and 19 times more likely to stay profitable. Establishing a culture where data stays at the center in every department or team and is used for decision-making seems to be the best strategic approach to drive more revenue and surpass goals.
And it’s not just a matter of opinion. All over the world companies choose data as a strategy to unlock opportunities, align their team and harness the power of analytics to revolutionize their brand.
So, let’s talk more about the data-driven model and the top examples of data-driven companies every organization can learn from.
What Is a Data-Driven Business Model
The data-driven business model is a term that describes the constant utilization of data to inform processes and decision-making in a company. This model entails systematically using data insights in every company department and is driven “from the top down”, meaning it starts at C-level and aligns every team in the organization around the same objectives, processes, approaches, and tools, all of which are centered around data.
Relying on the data-driven model offers several benefits, such as:
- It eliminates intuition as a primary informant for decisions, thus seriously limiting potential errors
- Finding a competitive advantage over other companies in your field
Using data as a resource to run educated experiments and drive better business outcomes
The data-driven business model can be noticed across many departments and teams and used in various ways, making processes fast and easy, reducing costs, and saving time. Implementing the data-driven model means being smart in you decisions from the top down, growing rapidly, and unleashing the power of your team smartly.
What Is a Data-Driven Organization
A data-driven organization follows a data-driven model of work – meaning, it puts data at the center of every decision. Such an organization makes it a priority to drive the business forward primarily through data, using the tools and processes to make it happen in every department and team. New ideas and opportunities are all driven through data – it’s a principle that applies to everything ,and most importantly – the end results..
Data-driven organizations invest in data – that is their prerogative and it’s due to the important realization that their future depends on it. In doing that, they achieve:
- Improved processes: data enhances processes and quickly solves potential issues by pinpointing them in time
- Higher customer satisfaction: data shows which areas to be improved in your customers journey, so you can achieve better results
- Finding new opportunities quickly and growing your company’s profits
- Easily finding new trends and thus topping your competition
- Improved team collaboration and better alignment that keeps the mistakes and delays at a minimum
Data-driven businesses use data analytics to foster transparency and trust while using data as a single source of truth. What happens for companies that choose to apply this principle? Keep reading to find out!
