In this digital age, data is constantly being collected. As they say knowledge is power, so for many companies the more data available, the better. This is called Big Data; data in sheer volume, velocity, and variety, that is used to make decisions. But Big Data can also be overwhelming and costly if sophisticated software is needed to sift through all that information. It also does not apply to every person, company, or project.
In comes Little Data. For those who work on a smaller scale, collating data in a spreadsheet could be the first step. Once you’ve been able to collect enough data to make informed business decisions, you can validate why an investment in a data-collection software program would be wise.
But we are getting ahead of ourselves. In order to make the case for more sophisticated data collection, you have to build the foundation. Think about what you are trying to accomplish and what data you’ll need to collect in order to do so. Once identified, create a spreadsheet template that can be easily populated by your team. After you’ve collected enough of a sample, its analysis time!
Managing The Built Environment has some ideas on how this can be applied specifically for facilities management, which you can read here: http://bit.ly/1oR4lFb