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Stop Data Silos with Better Software (A Striven Insight Guide) 3 years ago

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Stop Data Silos with Better Software (A Striven Insight Guide)

💠 https://www.striven.com/ Let’s talk about DATA SILOS. Great for farmers. Bad for business. The bottom line: silos can disrupt your business's productivity and lines of communication. They can even do major damage to your company culture. That’s why this Striven Insight video is all about having information in the right places while also making sure it’s easily accessible. Data Silos occur where divisions within your organization. They’re usually a natural byproduct of your growth. With an influx of new work, businesses will delegate responsibilities across different teams, divisions or departments. While the types of departments vary by industry, any business with more than a few employees naturally falls into this model. The problem really comes from software. Each department uses a different software system for sharing and storing information. That’s where trouble begins- when that data can’t be easily shared outside of the department’s system-a data silo forms. A typical scenario: Company A stores its financial data in QuickBooks and its customer data in HubSpot. Each software system works really well for what it does. But what happens when Company A wants to assess customer profitability? Data has to be transferred from one system to another, either through a clunky integration or (worse), manually. Aside from the risks this company is taking with missing data entry or human error, the process simply takes a lot of time. There are three key areas where data silos hurt organizations the most: Productivity– There will always be data that must be shared with more than one division. If too much time is wasted tracking down that information, work can pile up and slow down everything. Accuracy & Analysis- When information is shared with other divisions, it may be necessary to edit that data. Not only does that take additional time but as data gets passed back and forth, mistakes in reporting may occur or the data could get lost entirely. Culture– How well employees get along is often determined by how efficiently they can work together. Having to rely on other divisions for information can naturally create frustration and resentment if it’s always a waiting game. The bottom line is that data silos create problems in both process and productivity and there is a right and wrong way to fix them. Most businesses see the issues silos cause, but don't always accurately identify the problem.. Why? Because It’s easy to attribute a work pileup or delay to a lack of productivity (read: laziness). But really, the employees in these situations feel overwhelmed and helpless. Because silos create so much tension between employees, management might try to treat the symptoms by strengthening company culture. But that rarely fixes the root of these issues. So how can your company develop a more fluid workflow and speed up information retrieval without having to tear down your divisional structure? It’s all about the data and the software you use. Having an intelligent, streamlined way to share information relieves the burden on any particular employee or department to provide accessibility for others. Documents shared internally reduces search time to seconds so naturally, the solution is to find a document storage solution that helps divisions share, right? Not so fast. There are thousands of software products on the market, all with varying degrees of functionality. Prioritizing the right software product will save you time and money, helping you avoid costly integrations that still wont give you the results you need. No more wasting time looking for misplaced information locked away in another employee’s digital cabinet. Providing tech that promotes easy accessibility will improve your business’s culture in a way that no other solution can. Growth is a cause for celebration but it also presents a new set of challenges for your business. When dealing with dysconnectivity your instinct might be to diffuse tension by boosting morale or promoting a happy company culture. But let’s face it: work is work. True collaboration comes from clarity, visibility, and access. When you’re able to connect your company via data sharing, you’ll get rid of the work pile-up and provide the best, stress free environment for your employees.

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