Is your data working for you, or are you working for your data?

Is your data working for you, or are you working for your data?

If you’re in the financial market you are making decisions on the performance of others. Whether it is the performance of companies, past and present, or the performance of individual facilities; in the end, you are making your decision on the performance of values… of numbers. You are making decisions on the performance of your data.

So, you have your reports in front of you, and you are taking scope of your positions. You’re ready to make your next move, but how do you know your data is correct? How current is it? Are they today’s prices and notional values… are they yesterday’s… or are they from last week? When you’re trying to find the direction you’re going to next then you need to know where you’ve been… and, more importantly, you need to know where you currently are.

You have your staff gathering data all the time. Maybe they are making calls to banks, a research service or even checking on the internet for their spreadsheet numbers. This might be working fine. However, how many hours of the day are going to collecting data, rather than analyzing it?

Automate your data. Harvesting your needed numbers via a bank or research service feed frees up time, and in turn allows your team to increase their processing productivity. Furthermore, the fresh data allows you a fresh perspective while reducing your risk with a factual base that it provides.

Using a web based application you can start the process of automating your data collection. Limiting the scope of where your data is coming from, while sharpening its provability.

Reconcile your data. If you have your staff running around trying to grab the latest figures then someone is bound to make a mistake once in awhile. Even banks make mistakes, and one incorrect price can throw off all your metrics. Nothing can frighten an investor more than having a question answered with the wrong information. You and your investors both need to feel secure in the data’s basis.

Using a web based application data can be gathered from more than one source and analyzed for discrepancies. Any discrepancies found against the numbers you have with what is being viewed can be reported without having your staff comparing spreadsheets line by line. These exception reports give you the opportunity to reconcile your data. These reports give you the opportunity to trust your data and grow.

Store your data. Save yesterday’s data to understand the context of what is happening today. Data with a historical perspective is data with worth. Historical data gives you the context in which you can run analytics that provide you a view of opportunities that may exist today.

Using a web based application to store your data allows for speed in report generating. It lets you compare from one day to the next, from one quarter to the next and so on. Track changes in markets and in your system, and gain security from knowing and seeing what, when and how a change occurred.

Make your data work for you. Take yesterday and today’s knowledge and turn it into a gain.

Clevertech provides cutting edge custom web application solutions that leverage database technologies and combined with our own experts who have a knack at organizing client data. Call us to schedule an appointment to discuss your data needs at 516-869-4970.