5 Things to do with your data right now

Published by Ben on

Here’s my top 5 things to do with your data right now.

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1. Recognize you DO have data 💡

You may think you don’t have data but it is everywhere and you probably have systems in place capturing it. 

Do you have a payment system? 
Transactions and receipts are data. 

List of Customers or Clients or Donors in a spreadsheet or database? 
The list is data. 

Inventory or product information? 
That’s data too. 

Website traffic or social media stats? 
Yup, all data. 

The rule of thumb is: if it is tracked, it is data.

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2. Find a way to access it 🔎

Data is worthless if you can’t get to it. 

Whether you are able to see it in the system that captures it (transaction system or web-site traffic manager) or export to a spreadsheet-type tool (e.g. Excel, Google Sheets, Numbers), ensure you can get your hands on it.

3. Digesting a lot of data 🍴

Don’t try to swallow the ocean. 

Instead of looking at everything and trying to understand what all of it says, first think about a problem you have and then find the data you think supports it.

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4. Make it Visual 📊📈

If it doesn’t make sense just by looking at the numbers in your spreadsheet tool put it into a graph.

BONUS: Displaying something over time can be really powerful!

5. Track KPI’s 🎯

Key Performance Indicators (KPI’s) can help you track your goals. 

If you don’t already have a goal, pick one. Then find 2-3 data points from your business which will help you know when you’ve achieved it.

Learn more about setting up and tracking KPI’s here

BONUS: Setting up a visual of these data-points will not only make it easier to track but will increase motivation 💪

Remember as you’re looking through data: just because some things happen at the same time, doesn’t mean they are related

Ex. Receipts print for every transaction. Pre-sales receipt printing won’t sell more widgets though!

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Categories: Toolbelt