Insights from The Exchange by Beyond Insurance Global Network.
The focus of The Exchange hosted by BIGN is to bring big ideas to life. It is a chance for business executives to network with fellow strategic partners and BIGN partners. Harnessing the power of your collective Insurance Qualitative Risk Management (IQRM) data to strengthen your efforts to successfully recruit and retain talent using the BIGN proprietary learning pathways, was also a focus of this launch.?
Vinay Raman, the CEO of?CAARMO, Business coach, and podcast host of?Business Blind Spots Exposed, was invited to speak at this event. He is in the data analytics and leadership space. His current company CAARMO is a platform that encourages business leaders to take action by using their existing business data to empower all to ultimate effectiveness.
During The Exchange, emphasis was placed on creating new ways of thinking and shifting our focus from efficiency to effectiveness. The idea is to be more effective by doing better through data. Data allows you to understand your expertise, patterns, and risks, thus changing your conversations to ones that make an advance forward in the process, as opposed to making more efficient an existing pattern.
Vinay Raman?shared on the topic?"Experience the launch of IQRM 3.0 - A new digital platform to take IQRM data to the next level by leveraging the power of data analytics."?The topic highlighted Qualitative Risk Management (IQRM) 3.0 visuals that demonstrate how to build expertise so you can monetize as a business leader and serve your clients better.
The empathy graph demonstrated belongs to client 11 by CAARMO. It indicates their average performance against selected KPIs in their business. The areas in grey indicate where they are not being effective in the business and could improve to raise their business performance. The areas in blue indicate what is effective and doing well in the business.?
According to the graph above, Client 11's operations are successful in handling annual approvals, crisis management, data backups, and emergency procedures. Budget establishment and building evacuation are two areas where the company is moderately effective. The company is marginally effective in education programs, IT recovery, management awareness, manual workarounds, and quick recovery. This company's annual testing, business recovery, and dedicated employees are ineffective. Based on this graph, the client can begin addressing these three areas of ineffectiveness to become more productive in their operations.?
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Utilizing data helps you as a business leader identify behaviors that will lead to more informed choices thus preventing ineffective behaviors. By analyzing data like employee satisfaction, turnover rates, and exit interviews, you can identify themes causing employees to leave and improve your retention rates.
In addition to the various graphs, it is also essential to remember that having data is separate from acting appropriately. Your perception of the data might not necessarily be the reality, so it is crucial to fully understand the stories behind your data to make the appropriate decisions.
CAARMO assists pest control businesses create better cultures that boost overall productivity, employee retention, and customer satisfaction. Participate in our CAARMO market study?to receive a free productivity report for your business. You can also Book a Call?to begin the journey.
Learn more about Beyond Insurance Global Network here: https://www.beyondinsurance.com/the-network
Hear more from Vinay Raman and guest panelists Dean Bundschu ?? Rich Levene, M. Sc. Leadership-Change ?? and Khaled Ghorab on April 12 at 2:00 PM EST for the upcoming Critics episode here:?The Critics - Finding your employees true potential: The quest for a human life.?
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1 年At CAARMO, we strive to make sure that we provide our clients with the most accurate and concise visualization of their current practices and the employees' current productivity and efficiency level.
? I help leaders harness AI with strategies that make them future-proof, profitable & competitive. ?? I reduce financial & cultural risk, ensuring AI drives growth, efficiency & employee success. ?
1 年It was a pleasure speaking to such a great audience of Insurance professionals. Thanks you Scott Addis and Ashley Correll for having me. Zander Galloway I appreciate your Insurance introduction into this world. Finally thank you to all the people at CAARMO who made this possible: BLESSING UJUNWA EGBOBE Muhammad Jawad Aslam Arnn Paul Legaspe Prim Aleyo Janine Mones Ebby Ekechukwu Ankush Gulati