XU Magazine - Issue 28

Page 114

All About The Data

A wise man I used to work for once said, “it’s all about the data”

@compleatp2p

Lucy Day, Business Development Manager, Compleat Software Lucy has over 16 years’ experience in the software industry and is a self-confessed P2P evangelist! Her previous roles at key Infor partners and most recently Sage UK, have seen her work with clients across Retail, Energy Oil and Gas, as well as NFP and Charities. So, she knows a thing or two about implementing business management software!

A wise man I used to work for once said, “it’s all about the data”, and if he is reading this I hope he won’t be sending me a bill for using his catchphrase! This article is

J

oking aside, that is something that has really stuck with me, because it really is. Even when I recently upgraded my mobile phone to a new contract, I was bombarded by questions around data usage, what I use my phone for to ensure I have enough data, what happens if I use too much data, it seems mobiles these days are less about actually calling people and more to ensure you can stream the latest episode of Love Island! But it’s a fact that we live in a data driven society, with an incredible 2.5 quintillion bytes of data being created every day, and 90% of the world’s data being created in the

114 / Issue 28

last two years alone. A staggering figure, which is expected to double every two years. And when I think back over the last 18 months of lockdown during the pandemic, it really HAS been all about the data. At every government briefing sitting through countless presentations #nextslideplease showing trends of cases, hospitalisations, and vaccinations, and other modelling, because in our world today, data is probably the thing that matters most. But why does it matter, why is it all about the data? When I think back to some of the

projects I have been involved with in the past, systems customers have implemented have not just been to manage a process more efficiently, it has been to capture data. One example of something that was quite mind blowing at the time, was a utilities company who were using drone technology to capture pictures of various pieces of equipment. This would then allow technicians to analyse and determine whether any maintenance or repair work was required which could be scheduled within their asset maintenance application. Very clever stuff. And if we think also to a passion of mine, Formula 1, data is everything! From analysing driver performance, engine performance, tyre longevity, every aspect of data gives each team the opportunity to create speed, and edge to improve, and ultimately win the race. If you love F1 as much as I do I can highly recommend Drive to Survive on Netflix, it provides a great insight into just how much goes on behind the scenes!

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Articles inside

Xero Visit the Xero App Store

4min
pages 156-157

XERO APP PARTNERS OF THE MONTH

3min
pages 153-155

NEW XERO CONNECTED APPS

5min
pages 150-151

EVENTS Terrapinn

3min
pages 148-149

EVENT Trenches Summit

2min
pages 146-147

CLASSIFIEDS Xero connected Apps

2min
pages 142-145

FOCUS: MENTAL HEALTH Tim Hoopmann

6min
pages 140-141

NextMinute NextMinute and the Personal Touch

3min
pages 136-137

Sapaad The Restaurant POS of the Future is Fully Integrated

5min
pages 138-139

CloudPayroll Payroll for Withholding Payer Number

2min
page 135

simPRO The whole package Providing clients with an end- to-end cloud-based technology solution

6min
pages 120-123

expensemanager How local accounting

7min
pages 116-119

Compleat Software All About The Data

5min
pages 114-115

ApprovalMax Introducing the ApprovalMax Budget Checking feature

3min
pages 100-101

WorkflowMax Combine your expertise with apps to take your clients to the next level

7min
pages 92-94

MarketFinance Getting in control of recovery for a stable future

8min
pages 84-87

Tidy International Embracing financial

7min
pages 88-91

AutoEntry Importing Bank

5min
pages 80-83

PayPal The PayPal Payments Advantage And Why Small Businesses Are Leveraging Buy Now, Pay Later Options

4min
pages 78-79

Practice Ignition 7 Simple Steps to

9min
pages 74-77

Cloudsolve Ten years of e-commerce growth in just 90 days

5min
pages 72-73

ExpenseOnDemand How do you choose an expenses solution that is right for

5min
pages 62-65

AdvanceTrack Outsourcing

7min
pages 66-69

Senta Anti-money laundering - everything you need to know about AML

5min
pages 58-59

Wolters Kluwer How to solve the top three challenges accounting and tax professionals face at tax time

5min
pages 54-57

Spotlight Reporting Recruiting and Retaining an A-Team: Best Practices

9min
pages 46-49

HR Partner How to Onboard New

5min
pages 44-45

G-Accon G-Accon for Xero Practice

7min
pages 40-43

Hydr Don’t wait to get paid

3min
pages 22-23

Flagship Reporting Why automating your

4min
pages 16-19

AccountancyManager AM’s year so far: 3 integrations, whitelabelling and more

3min
pages 20-21

AREX Markets Ethics, sustainability and accounting for the post-Covid Accountant

4min
pages 12-13

infoodle Email Marketing for

5min
pages 26-29

ICB UK Tackling Construction Industry Scheme abuse

2min
pages 38-39

Chaser The importance of end-to-end credit control in one

5min
pages 32-33

Emersion The Subscription Economy

2min
pages 24-25
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