Running a successful business requires a lot of work and strategic decisions. A business should have both profits and expenses, but a successful one will have more profits. If you have more expenses, then your company is in trouble.
If this situation is your reality, it is possible to claw your way out. How you may ask? Well, to start, you can cut non-essential expenses with the help of big data.
What Does Big Data Mean for Businesses?
Simply, it means you now have the tools to do better.
When you start using big data, you start making decisions on actual facts because you can see trends and gain insight. When it comes to telecom and IT, you see real facts about your assets and usage. It can tell you about unused devices, which, in turn, will help you decrease IT expenses. You can then implement more effective resource planning and management. Unlike a vendor who may not disclose this information, big data reveals your current circumstances so you can make informed decisions.
Speaking of IT vendors and carriers, big data decreases your dependence on them. As one of an organization's advisors, clients are dependent on vendors to help them make sense of telecom and IT. However, these two parties have completely different agendas that don't necessarily align. Stats speak for themselves, and big data can tell you what needs to be fixed and adjusted.
When you have facts and a better idea of your IT situation, you can start creating and setting better policies that will help reduce IT expenses further. Big data can show you instantly how devices are being used by your employees. For example, big data can show you employee mobile usage. Is it acceptable that your employees are taking their mobile work devices on vacation with them and using cellular data in Mexico? Probably not. If you learn that unacceptable use is occurring, you can create policies to fix problems and lower expenses at the same time.
What Can Businesses do with Big Data?
Big data is highly beneficial to organizations, but they need to know how to interpret it and turn that into cost reduction. HPCI has partnered with SpikeFli Analytics providing big-data analytics technology that can do that and pinpoint exact spending to help manage IT expenses. Through a visual organization chart, we can slice and dice data allowing CEOs or high-level management to understand exact costs and percentages increased or decreased based on specific departments. You can know exactly where your telecom or IT spending is coming from.
HPCI also offers asset mapping—a tool that helps you understand costs based on their location on a map. With one click, you can instantly know what your costs are based on where they are in the world. This information is powerful insight for both IT departments and financial executives.
When businesses have big data, they have a survival tool. They have a reduced dependence and the facts to make cost reduction a reality. HPCI can help your business use big data to lower your telecom and IT expenses. Contact us for more information.