Integrating data and analytics into your daily operations can result in 58% more sales, but that growth is only possible if you understand what to do with the data once you have it. That’s why growing your business’ data maturity should be at the top of your to-do list, and a vital step in your digital transformation strategy.

In the world of business, understanding why things like qualitative data and ideas are important is only the beginning. Now you need to mobilize your team toward actually using them. This includes effectively collecting, analyzing, and using your customers’ and employees’ ideas as data points.

Data maturity is the level of a company’s ability to use data effectively and make informed decisions from it.

Having access to accurate data - and knowing what to do with it - gives businesses an edge. It allows them to understand customer trends, predict future outcomes, and make informed decisions.

In today's business environment, data rules all. Time and time again, studies have shown that having a data-driven culture significantly increases a company’s competitive advantage. It can be used to drive decisions and inform strategy, but not all data is created equal.

Read Part I of our Shifting Perspective Series to learn why Ideas might actually be your most valuable data point.

The digital revolution in the energy industry is a symphony that is still being composed. As traditional players learn how to use technology to their advantage, the harmony of energy production and consumption will only grow stronger.

With continued investment in innovation this orchestra can soon reach a crescendo that ensures all stakeholders benefit from its performance.

Digital workflow automation can save time, money, and resources by eliminating the need for manual labor, but it is also about more than just bottom-line savings. Businesses worldwide are automating more and more of their processes, and empowering employees in the process to create a better workplace and provide more value than ever to customers.

The innovation economy posits that knowledge, entrepreneurship, innovation, technology, and collaboration are the key drivers of economic growth.

Companies that increase their value by creating new ideas, developing innovative products, services, and business models drive our collective future, and shape the way we do business.

Digital innovation can stand alone as a business process and mindset, or be paired with a strong digital transformation strategy to help businesses increase their reach, create new revenue streams, and improve customer service - and stay ahead of the ever-evolving market.

True innovators know that repeated success requires a delicate balance of both incremental and radical change. Whatever approach your business takes, not being willing to invest in innovation is one of the largest detriments to finding the next big thing - and can be a costly mistake. 

To create differentiated stakeholder value, every organization should be proactive about new ideas. Knowing exactly how your business will achieve innovation is essential to keeping up with an ever-changing market. That’s where a clearly defined innovation strategy comes in - and where Stormboard can help.

Disruptive innovation is driving business success across virtually every industry. With the modern workplace and global business as a whole rapidly evolving, this approach is more important than ever for a company’s long-term success.

It can be frustrating (and costly) when you have everything in place for your organization to succeed and something still isn’t working.

There can be many reasons for your performance outcomes falling behind, but one of the most common ones is a gap in the knowledge and skills of your employees.

Implementing a data-driven culture leads to better decisions, which result in improved business outcomes. To successfully make the switch to a data-centric focus, business must recognize the three main tenants of a data-driven culture: discovery, literacy, and governance.

The process of innovation can be difficult, but product teams have always been able to work through creative challenges to keep the roadmap moving.

But thanks to the increased focus on user-led innovation, it’s now easier than ever to connect directly to consumers at all stages of product development and ensure your solution always has product-market fit.

Productivity is now more than ever about how much you accomplish, not how long you spend at your desk. Finding and implementing the right KPIs to measure how effective an employee is can mean the difference between a successful hybrid workforce and a collection of staff doing the bare minimum to squeak by.

Innovation has traditionally been the domain of large companies with large R&D budgets, but the evolution of today's consumer has shown businesses the power of user and customer input - leading to a rapid rise in the concept of democratizing innovation.

In our technological landscape, data is as much an asset as any other part of your business. The way a company handles data lifecycle management can make or break its success in the long run, but it's hard to keep track of that value without knowing the stages of a data lifecycle.

The pandemic has changed the way we work as we know it, with phrases like "The Future of Work" and "The New Normal" entering common usage to help us define the rapid evolution of the workplace.

With the adjustment period mostly over, it's time to look at how the lessons learned over the past two years will continue to shape business across the globe.

The growing rate of the hybrid workplace model has changed how we work - mostly for the better. But a new issue is coming to the surface as more and more people are going remote: a growing divide in meeting equity.

Striking a balance between the familiar tools of the past and the innovations of the present has been the key to managing a successful team or organization for years. The difference in today’s workplace is that those old tools are nothing more than a crutch for your business.