As the world has been experiencing many changes to our daily routines for much of Q1 and Q2 of 2020, it is ever important to gather, sort, and interpret available data correctly to make informed decisions.
In order to effectively manage and operate your business, it is vital to maintain and track your activities consistently and accurately. This activity tracking becomes your firm’s data trail. This data trail touches each business activity that you engage in. From your firm’s finances to the number of emails sent per month, from tracking expenses to the number of visits to your website, maintaining records and storage of this data becomes an essential part of your business. Accurate data then becomes incredibly useful at observing past behaviours and importantly, predicting future outcomes through analysis. Your data functions as an objective resource to consult for decision-making and an additional resource that you own that can be used in making business recommendations to clients, shareholders, and executives. For example, your data can help you decide how and where to allocate resources, how effective your business strategies are with clients, how efficient your compensation strategy is, and what is the most logical next step forward for your firm amidst a global pandemic.
The global outbreak of COVID-19 has resulted in a plethora and overwhelming availability of data on infection rates, mortality rates, and virus predictions. There are few interpretive resources available to understand this data. At SVEIA GROUP, we decided to create an app that consolidated available data from multiple resources into a simple and informative tool. We combined data for Alberta, Canada, China, the United States, and market responses to the virus into an easy-to-use app. We present daily COVID-19 data rates, interpretation of the data, graphical charts, and prevention recommendations. Through this app, we are able to solve a problem of data overload and lack of congruency into one simple resource that anyone can consult on a daily basis to find objective information related to a global pandemic. Under the Charts section for example, one can easily see the daily average infection rates by week for various regions to see the exact status of the COVID-19 virus.
The result of this app has been a clear and concise presentation of multiple sources of data for simple viewing and understanding. Like with a global pandemic, SVEIA GROUP can also combine and consolidate your firm’s data to help you make effective business decisions moving forward. Contact us for more details.