With the sheer volume of data that your business is creating on a daily basis, simply making sense of it all can often feel like an uphill battle. But what you’re talking about is more than just 1s and 0s sitting on a hard drive somewhere.
Inside that data is the true story of what is really going on with your business – not just in terms of where you’ve come from, but also with regards to where you’re likely headed. If you want to uncover that narrative and get to the truth of your company, you need the right solution designed for all of this and more.
Historical Data: The True Story of What’s Happening With Your Business
With the right downtime tracking solution like Thrive by your side, you can always access a historical performance chart that lets you trend your equipment’s performance by days, weeks, months or even years. If you want to “go back in time” and see exactly how a shift performed last week or last month, there’s absolutely nothing stopping you.
But what this comprehensive level of reporting really does involves allowing you to let the past inform the future, so to speak. If you know where you currently stand today and you know where you started, you know exactly how far you were able to come – and you know what worked and what didn’t along the way.
Historical performance charts with this level of detail will show you when a piece of equipment or even an entire shift is suddenly getting less and less efficient over time, for example. You can pinpoint exactly where the issue began and, in all likelihood, what caused it. Maybe you hired an operator who wasn’t trained properly. Perhaps it’s an issue with a legacy piece of equipment that is no longer as effective as it once was and maintenance will now need to be prioritized moving forward. Regardless of what your hypothesis happens to be, the data will confirm it – thus allowing you to make smarter and more informed choices moving forward.
But the major reason why the historical performance reporting in a solution like Thrive are so critical is because they unlock true company-wide reporting, probably for the first time.
With Thrive, you can see both the current and historical performance of EVERY location in your company in a single, easy-to-understand chart. Not only can you see which plants are historically underperforming given a particular task, but you can also find locations that can easily accept more volume, too. This puts you in a position to better allocate training funds, upgrade technology and more – all because historical data allowed you to uncover trends and patterns that wouldn’t have otherwise been obvious.
If you’d like to find out more information about unlocking the narrative hidden inside your historical data, or if you’d just like to learn more about our innovative downtime tracking solution and what it can do for a business like yours, please don’t hesitate to contact Thrive today.