Want to see what’s possible when you turn your data into growth?
We sat down with one of our long-time clients, Organifi, to talk about how their business has changed and grown since they became data rich. Below is the full video of our conversation, as well as some of the highlights:
Your output is only as good as your input.
There is a reason that we say this all of the time; as Louie described, Organifi was using dashboards before they became our client, but their dashboards were just linked to spreadsheets. People updated the spreadsheets on a daily basis (or at least they were supposed to), but their dashboard data relied on human input. We automated out their dashboards, eliminating the possibility of human error, and also guaranteeing the most up-to-date information.
This data has helped them to rapidly scale their business.
How has this data changed the way that they do business?
Organifi can now see the lifetime value of their customers broken out by the channel that they come from, or what they purchased when they became customers of Organifi. This allows the team to determine and adjust their ad spends across different platforms, and better determine which products to push. The best part of all of this? They know that their data is accurate. Since we removed the human element of their tracking, they now have complete confidence in their reporting.
The team at Organifi has daily huddles where they can review the key performance indicators for each of their departments. This reporting in front of the whole company allows for greater transparency across the company. This also increases the accountability of each individual department. As Louie describes in the video, this increased accountability has also led to an increase in friendly competition between the departments, creating a “lift-effect” for the company.
Louie also talked about how the democratization of data allows everyone in the company to feel like their efforts make a difference. Everyone from the C-suite to the entry-level employees sees the same data, and can see how every department contributes.
What data is fun to look at?
Louie’s favorite metric to look at is E-commerce spend vs revenue. This is his favorite because it allows him to see their ROAS in a visual way (as he puts it, the big spike with the little one beneath it).
Everyone has a metric that they love to look at, and a reason that they love it. For most, it generally has to do with revenue, since that impacts everyone in the company; but we want to know, do you have a favorite metric, and why?