"You can't manage what you can't measure" We've all heard that phrase within an organization. For a long time, data has been considered a champion; and there is proof to prove it. Good data management can take an organization a long way; and that is why there are technological tools that make data collection and analysis easy and effective. An example: With software such as M-Risk, it is possible to know the behavior of thousands of different variables corresponding to a period, in just a couple of minutes. To be able to see countless figures in a short period of time is undoubtedly a significant attribute, but we insist that it is not the most important thing. The advantage of using software solutions lies in the transformation of millions of data into useful information for decision-making. This is done in just a few minutes. In this blog we will give you some tips to get the most out of your metrics and generate an impact on your organization.
Data triggers and drives change
EHS (Environmental, Health, and Safety) software such as M-Risk provides insight that enables organizations to manage their environmental, occupational health, and safety performance, minimize risk, ensure compliance and improve profitability. The key to this type of software is that the information is managed from a single, centralized platform, allowing you to understand the behavior of different business factors and obtain a global view of the organization's performance.
Thanks to the information obtained, improved decision-making and process enrichment take place in a natural way. Most of the time, it is the data that drives the changes.
After experiencing a process that yielded unexpected results, it is useful to have a historical record to identify which part of the process needs to be corrected and which part works optimally. For that, it is necessary to have all the historical data in one place.
A picture is worth a thousand words
The use of M-Risk software tools allows maximizing time in information management and not in the preparation of reports. On average, an employee spends 80% of his time preparing reports and only 20% of his time managing the information that these reports deliver. This translates into a lot of effort and few results.
When a team works with management software tools such as M-Risk; the time spent preparing reports decreases to 20% allowing employees to use 80% of their time managing and carrying out actions that will demonstrate substantial improvements.
When it comes to data, visualizing it in pictures makes it easy to spot trends and understand the status of EHS programs at a glance. "What percentage of compliance is there? What is missing to improve it? How many variables are out of compliance?" With EHS software it is possible to answer all these questions and more in just a moment. This not only saves time and makes work easier; this user-friendly data display prevents misunderstandings and errors.
As mentioned, you can't manage what you can't measure, and solid metrics are critical to the success of any project. Achieving any goal within an organization requires hard data along with factors such as an engaged and skilled workforce, an agile corporate strategy, and real-time analytics. The impact that real-time metrics can have on management is substantial and worthwhile.
Data and decisions at the same level
Power BI is a tool that allows us to generate reports aimed at senior management to support decision making, but also allows us to reach the operation itself and reflect where the weak points of the organization are at the data level. M-Risk has in its platform a direct link to the base reports per module and also provides the possibility of specific reports at the client's request.
The great utility of this tool is that it eliminates the gap between data and decision making; allowing business processes to be more efficient. The visualization of KPIs is user-friendly and it is easy to share and promote knowledge throughout the organization, maintaining accuracy, consistency, and security. An important advantage is that it drives strategic actions based on reliable data.
Obtaining information on metrics is important for the fulfillment of business obligations, but the real value can be found in the ability to communicate the corporate journey. Demonstrating where we have come from, where we are, and, most importantly, where we are going. Data effectively communicates the vision for the future and supports the collaborative effort that is key to achieving higher levels of success.
The tool for success
It is surprising that many organizations still rely on manual and slow processes, such as spreadsheets, to generate metrics. The problem is that those companies are limiting their ability to grow by maintaining processes that are slow and require multiple checks to meet objectives.
HSE management software solutions enable companies to identify challenges and focus on growth drivers. In the end, the metrics they deliver are important because the opportunity to become an industry leader depends on the company's ability to take full advantage of them.
Learn more about how Industry 4.0 can boost your business.
Catherine is Senior Business Intelligence Consultant at M-Risk. She is a specialist in Power BI and has a diploma in Business Intelligence from the University of Chile with scope in the generation of statistical project models.