BandyWorks work with dozens of retail chains and growing businesses. We have found the following 7 critical success factors for retail analytics. They drive continuous improvement through retail analytics. 1. Key Performance Indicators Executives and managers should focus intently on their very most important performance metrics. For example, an Executive Dashboard should provide a quick …

Dashboards come in many different forms. Regardless of the form, ten things you find in a great dashboard: Key Data A dashboard is a quick view to show the status of Key Performance Indicators. Drill-down and trending can provide additional information, but keep the non-critical off the main view so users can quickly assess the …

Accountability – Six Things to Get Right – 3. Process is one thing that everyone knows is important for someone else to do. It may be the most unglamorous part of business that gets more bang for the glory than anything else. Most business people know that creating a process is very important, but writing …

There are so many positive reasons to use dashboards that we often forget about an important other area to consider – enforcing accountability through dashboards for stopping fraud. There are so many growth benefits from dashboards For example, increase sales, save time, reward top performers, establish best practices and repeat great results. In addition to …

Nap time and stand up meetings are part of remote work. Preschool in Bangalore, babysitting by Dad in Ireland and baseball coach in Virginia. Three continents, 9.5 hours of time zone difference and kids ranging from 3 to 11. Deadlines for C-Store dashboards, QA work pending and a big query that must run in .5 …

Dashboards – Mouse-over summary with drill-down different insightful piecharts and data exports. When using dashboards consider the balance between summary and detail. Speed to Insight A good dashboard will quickly present results that matter to your success. A great dashboard will then allow a simple mouse-over and drill-down to provide insights or the data you …

Accountability – Six Things to Get Right – 4. Begin with the End in Mind.  When a company has the right vision, team and process, success is kinetically charged. This success can be many things but typically means increased sales, higher quality or higher profits. Defining that success specifically with dates and assignments is the …

Accountability – Six Things to Get Right – 5. Teamwork. Having a culture of accountability implies an organization that works together. Accountability while positive and productive is not the natural state of work. Teamwork is the mechanism that enables it to overcome individual limitations and fears to produce results that cannot be achieved otherwise. It …

Accountability – Six Things to Get Right – 6 – Tracking. Tracking is last of the six items.  It measure progress towards goals. Goals are measured to determine success. They expose actions and results. The assessment of goals judges the level of success. It tells us where we are and where we need to go. …

One of the ironies of Big Data is that insights often look like just a few points of data. The ability to extract the right data from large quantities of data is one way to move toward the insights. Filtering data into groups is a technique that allows related information to highlight a big trend …

Preliminary results regarding how long companies have been tracking their KPI’s are in. The BandyWorks Tracking Key Performance Indicators survey is still active. This survey will collect information on how companies are using KPI’s for tracking and accountability.  Please spend 2-3 minutes to take the survey and see the full results! This survey has closed. …

Accountability works well when Key Performance Indicators (KPI’s) used are simple, automated and complete. Good results happen when two of the three are in place and used consistently. Great results happen when all three occur. Some argue that it is impossible to accomplish all three in a large organization as it is not simple to …