Time, as they say, is of the essence. Intelligent management of time is something that eludes executives in top level management, but it is indeed the resource to master to be able to succeed in the digital age.
Time is the most valuable resource to master
Financial pressures from stakeholders and performance related issues are common issues that plague many leaders. If leaders understand how to better manage time to make better choices and decisions at the right time, drastic consequences would not need to be faced, such as the ones that led to the executive suicides in some companies.
Time is indeed of prime concern to the digital age leaders and without intelligent time management, leaders find themselves with not enough time for family, recreation, education or even health.
Working smart involves prioritizing tasks intelligently into compartments instead of working all the time without getting anywhere. Leaders also need to understand that data reflects the business processes which in turn impact the business model that reflects the overall business strategy and outcomes. Such clarity would lead to prioritizing and using time in a more efficient manner to make critical decisions in a timely manner that can save businesses as well as lives!
How can leaders manage time better?
When leaders focus on the priorities of the shareholder, customers, and employees, they have a better understanding of how to utilize their available time. The key to understanding these priorities is having a good data management strategy that saves huge amounts of time and is, in fact, the tool for succeeding in the digital age. Data management tools such as Data As An Asset Index will assist in mastering time better and is a must have for company boards.
The DAAS Index tool is a resource that offers a standardized way of measuring the relative importance of data systems. Using the DAAS index tool, companies can measure the data that is relevant to their business.
Leaders are also in a better position to make informed decisions when it comes to investments in IT and this is more of a relevance to Fortune 500 companies that have expenditures to the tune of billions of dollars. In such scenarios, even minor shortfalls in managing data systems can result in huge expenses that could easily be avoided with the efficient use of the DAAS Index.
Funds are mismanaged due to errors in estimating the value of data systems and further, this can lead to failure to create value for the business. Such mismanagement is a drain on time as well as money which leaders can avoid by using the DAAS Index tool.