Optimize Your Business with Collective Intelligence

Imagine a work day where every meeting, every task, every tool, and every communication has a positive impact on your business鈥檚 ROI. It鈥檚 the holy grail for business leaders鈥攏o wasted time, no wasted money, just pure efficiency. But unlike the search for the holy grail, we know that the efforts you put into business efficiency鈥攜our business鈥檚 ability to reduce the time, effort, and materials used to produce a high-quality service or product鈥攃an result in a tangible outcome (for those of us who aren鈥檛 Indiana Jones).

Your business has likely already tried cost-cutting programs, and there鈥檚 a good chance they didn鈥檛 have the intended impact. The problem is that less than of cost-cutting programs hit their targets, largely due to a lack of data and insight into the effects of those programs. It鈥檚 ironic, but many businesses waste time and money looking for ways to stop wasting time and money.

It may seem counterintuitive, but the best way to achieve business efficiency is to involve more people in the process. Rather than limiting your employees' input on the workflows they implement daily, you should lean in to their insights. With the right approach and the right tools, you can leverage the collective intelligence of your entire organization to identify what鈥檚 slowing the business down and hurting the bottom line.

What does the data say
Automation and integration
Meetings, meetings, meetings
Aligning on strategy
Realizing business efficiency through collective intelligence

What does the data say?

Don鈥檛 make any decisions around business efficiency without the data to back it up. You may have a gut that鈥檚 never failed you, but in order for your employees to understand and support your decisions, you need data.

But where does that data come from, and who鈥檚 interpreting it? Many businesses hire consultants to collect and analyze quantitative data on their employees, and some even have data analysts on staff. Looking at productivity stats, OKRs, and pulse survey data can be a great way to paint a picture of your business, as long as you鈥檙e dumping all this information on someone who loves data analysis.

However, while these data give you a broad view of your operations, they miss out on the nuance. Yes, a skilled data analyst can comb through acres of spreadsheets to find the sticky points鈥攁nd they may even enjoy doing so. That鈥檚 not the same鈥攁nd potentially not as accurate鈥攁s getting employee input on the tasks slowing them down daily.

Next we鈥檒l look at three areas to tackle when increasing your business efficiency and how collective intelligence can solve for streamlining and optimizing your operations.

Get more nuanced data with 天美网站传媒传媒

Accessing your people鈥檚 collective intelligence through 天美网站传媒传媒 can get you data that only exists in your employees鈥� heads. It allows employees to share precisely what hinders their productivity, and creates a collaborative discussion space so that employees can gain better insight into what鈥檚 stalling their teammates.

Using 天美网站传媒传媒 to access business efficiency data taps into your employees鈥� expertise in their fields and aligns them on the actions you choose to take. And it doesn鈥檛 take a data analyst to interpret the results鈥攖he software does all that for you.

1. Automation and integration

The first items to rise to the top of your data will likely be the tasks slowing business processes down. These are the obvious places to start when it comes to implementing business efficiency. When was the last time you asked your employees to identify any blocks in their workflows?

With collective intelligence, you can re-engineer processes to remove redundant activities. Employees can help identify the tasks that decrease their efficiency and recommend eliminating or reworking them. Using 天美网站传媒传媒, your team can identify tasks impacting your group鈥檚 productivity rather than relying on individual complaints to signal an issue. If a piece of software or a step in the sales process is holding employees back, you鈥檒l see it rise to the top of the priority list as employees rate each other鈥檚 answers.

A multinational software company uses 天美网站传媒传媒 to identify which processes prevent them from hitting their growth targets. A recent Exchange revealed their quoting process was a big stumbling block for sales, slowing their ability to deliver contracts and resulting in impatient customers. Their employees assigned high ratings to the thoughts about quoting, demonstrating that the issue was widespread on their sales team.

With this information in hand, the organization can take effective action to streamline the quoting process, improving their customer experience and freeing up time for additional selling.

2. Meetings, meetings, meetings

Ever looked at your calendar and thought, 鈥淲ell, I鈥檓 not getting much done today.鈥� While we book meetings to brief processes, set priorities, and discover new ideas, they鈥檙e often not as productive as we want them to be. Notes are taken and forgotten about, loud voices dominate, and the quiet majority zones out.

In the US alone, wasteful meetings could be costing companies in excess of .

Meetings also become less productive as the participation count grows鈥攖hey can turn into sit-and-learns and stifle ideas because most people don鈥檛 feel comfortable sharing in front of a large group. Smaller meetings are subject to selection bias and won鈥檛 get the breadth of perspectives needed for an equitable and effective solution.

Nothing can replace the collaborative experience of meetings, but it鈥檚 important to ensure they鈥檙e an efficient use of everyone鈥檚 time. The collective intelligence approach means using a platform like 天美网站传媒传媒 to connect with your team and understand the group鈥檚 priorities before the meeting starts. Instead of spending an hour with 20 people hashing it out and trying to figure out what actions everyone can get behind, have everyone participate in an Exchange and output a list of supported actions鈥攊n just a few minutes. Do you even need that meeting?

As an added bonus, with more organizations moving to remote and flexible work across global offices, using 天美网站传媒传媒 allows these conversations to happen asynchronously, regardless of time zone.

70%

A healthcare services organization with a large workforce built 天美网站传媒传媒 into its leadership onboarding program. They aimed to cut down on the hours their new leaders spent in meetings while delivering better insights into their new teams and departments to inform their 30-60-90 plans and set them up for success.

As a result of running Exchanges with employees to gather insights for their new leadership, they saw a 70 percent reduction in the time and money they spent on meetings. Their onboarding program is more efficient, includes more employee perspectives, and delivers more effective insights for new leaders.

3. Aligning on strategy

What does it take for your organization to develop, implement, and improve strategy? For many organizations, it takes months, millions, and it鈥檚 a rocky road鈥攁ccording to , there鈥檚 a 50/50 chance your team鈥檚 hard work on strategy will lead to failure. There are many reasons for the dismal success rate, and when we take out the financial factors, most of them come down to insufficient alignment due to poor communication, siloed teams, and lack of clarity.

Utilizing collective intelligence solves almost all factors that lead to failed strategy. With 天美网站传媒传媒, you can get from ideation to implementation faster. At each stage, you can access your team鈥檚 best ideas, ensuring that every employee feels like the group has considered their ideas.

In a 2021 global study, the Workforce Institute at UKG and Workplace Intelligence a strong correlation between employees feeling heard and a company financially outperforming the competition.

An Exchange gives employees an unbiased space to share their ideas on strategy and consider their teammates鈥� thoughts. This process aligns them with the group鈥檚 priorities and increases their support for the top-rated ideas even if they disagree鈥攕imply because they鈥檝e been asked to give their input. You get data from your teams of in-house experts instead of from a bevy of high-paid consultants, and the decisions you make are more likely to be supported by your employees.

During implementation, you can run Exchanges with your teams to see the obstacles pop up before they cause your strategy to fail. Instead of endless meetings and discerning whether the squeaky wheel needs grease, you can access your entire team鈥檚 insights in just a few minutes and better understand what needs to improve as you execute strategy.

Realizing business efficiency through collective intelligence

Business efficiency is what can make or break your organization. If your business is struggling with a lack of alignment on strategy, poor performance, or a siloed culture, it鈥檚 vital to find ways to bring employees together to address and remedy the issues. You can hire consultants, send out surveys, and spend hours in meetings鈥攐r you can use a platform designed to access your organization鈥檚 collective intelligence.

天美网站传媒传媒鈥檚 unique software platform makes it easy to gain consensus from your workforce on more efficient workflows and ensure everyone鈥檚 working for the same goals. Every day, our enterprise customers are tapping into their teams to ideate, implement, and improve their data, processes, and strategy, so the market never catches them off guard.