NetSuite contains a treasure trove of data that can be used in virtually every aspect of your business, from assessing employee performance to forecasting trends.
Successful businesses know that to get the most value out of their NetSuite data, they need to be able to access it in real time. And the data must be visual, interactive, and accessible to all. Read on to learn why.
1. Make the Most of Real-Time Data
In a highly competitive, hyper-networked business environment, making smart decisions gives you the edge.
And to make smart decisions, you need access to all relevant NetSuite data—in real time. There’s no time to waste on data exports. After all, as soon as you export the data, it ceases to be real time, and you lose a key advantage. And if you’re relying on pre-aggregated data provided by your IT team, you’re compounding your mistake. You’re working with outdated data, and you’re wasting valuable IT resources.
A data visualization solution like iCharts allows you to tap right into NetSuite’s real-time data. You don’t have to waste time processing or cleaning the data. And there’s no IT involvement necessary. Instead, you can spend more time analyzing information and coming up with better insights.
2. Make the Data Visual
We’re naturally visual creatures. After all, the visual cortex takes up a big chunk of space in our brains.
That’s why it’s so much easier to glean useful insights from data that’s presented in a visual format—a chart or a graph instead of rows of spreadsheet data.
Consider this: when an employee looks at rows and rows of sales numbers on a spreadsheet, it’s hard to discern which products are really selling well each quarter. But when those same numbers are presented in a chart, it’s much easier to see which products brought in the most money.
Of course, easy-to-understand visualizations aren’t enough. The visualizations must also be easy to build. The right visual analytics solution allows users to build and customize visualizations within minutes, without a lot of special training.
3. Make the Data Interactive
To get the most out of your NetSuite data, you have to be able to view it in a way that’s relevant to you. Maybe you want a broad overview, or maybe you need to drill down for more details in a specific area.
Here’s an example. You can either look at the big picture for monthly case volume by priority.
Or you can zoom in and look at only high- and medium-priority cases.
It’s your data, so you can visualize it in the way that makes sense to you.
With real-time interactivity, it’s easy to get a complete picture of the numbers, from multiple perspectives. You can drill all the way down to the transaction-level raw data, and you can apply filters to view precisely the data your team needs.
4. Make the Data Accessible to All
Successful companies know that access to valuable data shouldn’t be limited strictly to experienced data scientists or hardcore analysts. Instead, they unlock the power of data by putting it in a format that everyone can grasp. They invest in visual analytics solutions.
Making the data visual almost automatically makes it more accessible. Why? Because when the data is easy to understand at a glance, it becomes more useful to all employees, not just those with backgrounds in data science or analytics.
Data-driven decision-making is essential for business success. Using your NetSuite data in real time, while making it visual, interactive, and accessible, gives your company a clear advantage over the competition.
To learn more about getting the most value from your NetSuite data, download our latest e-book, “Succeeding in Real-Time: How to Make Effective, Data-Driven Decisions in a Complex World.”