Data-driven Agency Management: How to Implement This in Practice?

That’s why one of Studio’s standout features, in my opinion, is the timesheet. It precisely calculates how much time each employee allocates to various project stages.

Making data-driven management even simpler

In a landscape where any mistake can significantly impact your business and risks must be constantly minimized, making data-based decisions instead of relying solely on intuition is not just a choice; it’s a necessity.

During my nearly eight-year tenure within communications agencies and consultancies, I’ve come to realize that I’m not alone on this journey. According to a Qlik survey, only 24% of decision-makers feel confident in their data utilization skills.

Furthermore, difficulties in measuring specific data and the lack of information sharing among teams contribute to these complex scenarios.

Interested in seamlessly incorporating dependable data into your strategy? Request a free demo with one of our experts.

However, this approach shouldn’t be confined to internal departments; it should also extend to customer communication.

However, as I continued my studies and delved deeper into this field, I gradually came to recognize that numbers are invaluable allies in any planning process. After all, how can one assess if they’re on the right track without the ability to measure outcomes?

Data-driven Agency Management

When I first entered college, I chose communications, partly because I believed it would be a perfect fit for someone who wasn’t particularly fond of calculations—a typical misconception for a young university student.

Usually, we consider seniority and the workload. However, to what degree can the cost of each professional impact project pricing?

Another common challenge within agencies is determining the team involved when assigning tasks.

With numerous concurrent demands, multiple collaborators engaged in a single project, and often tight deadlines, streamlining workflows and rendering data manageable offer a pathway to make more precise decisions. This investment of time and resources can lead to process optimization and foster agency growth.

But here’s the thing—it doesn’t have to remain this way.

I’ll also show you how you can do the same and, if you want, how to get extra help with exclusive management software for agencies.

For instance, allocating specific tasks to junior employees can result in cost savings, allowing senior employees to take on more strategic roles in other projects.

Let me illustrate with a few examples:

Measurement of time invested in each task

Efficiently saving hours of waiting for message responses, a quick “ok” through email, or even holding exclusive approval meetings can significantly enhance process efficiency.

Among the most common mistakes observed in marketing agencies and departments, two prominent issues emerge: the challenge of accurately determining prices for the services provided and the struggles associated with distributing operational expenses, ultimately impacting the stability of financial forecasts.

Through data analysis, offering more than 40 reports, it offers a unique opportunity to gain clear insights into situations that we would traditionally deem nearly impossible to quantify.

In the midst of this vast sea of information, establishing metrics and, consequently, employing them for decision-making is not such a simple task.

Data-driven Agency Management

Who hasn’t assumed that creating a design piece would be a breeze, only to find out it was more intricate than expected, with numerous client adjustment requests?

Well, understanding the importance of numbers and data is one thing. Feeling at ease working with them is quite another.

By strategically distributing tasks among employees, it becomes easier to increase both the quantity and quality, and all of this can be measured through reports within Studio, such as Activity Duration X Cost.

Cost calculation in a project, considering the hourly rate of the employees involved

Analysis of which clients and projects demand the most time from the team

I’ll be honest—I’ve never been the biggest fan of numbers. 

Moreover, revisions can be tracked within the Studio system, enabling agreements between the agency and the client, such as setting limits on the number of revisions or implementing charges.

When I first encountered Studio in 2019, my initial thought was, “How valuable it would have been to have known about this tool earlier.”

Well, Studio is essentially specialized software designed for comprehensive agency management, consolidating all aspects into a unified platform.

This way, you can optimize your team’s workflow and further streamline your processes through reports like activity duration and monthly revision counts.

Cost calculation in a project, considering the hourly rate of the employees involved

The time spent on a project isn’t always easy to measure accurately, which adds complexity to planning and may result in underpricing.

People in customer service know that there is always a customer who needs a little extra attention. That one who asks for more changes, takes longer to give approval, and sometimes extends the project’s timeline beyond the initial plan.

In this article, I want to share a bit about how I overcame my limitations with numbers and became a fully data-driven professional, and how I applied this in agency management.

Investing in software that streamlines data-driven agency management is choosing a path to growth while securing your actions.

The Customer Communication Module facilitates customer engagement within your team’s workflow, enabling them to directly approve or request adjustments through the platform.

Direct communication with the customer within the platform itself

Data-driven agency management is no longer a choice

Through it, I discovered how to identify new opportunities, leaving my insecurities behind and diving headfirst into the world of data-driven analysis.

Data-driven Agency Management

Making data-driven management even simpler

So, how can you overcome the common challenges prevalent in most agencies and efficiently manage data for more confident decision-making? This is where implementing software can be highly beneficial.

The post Data-driven Agency Management: How to Implement This in Practice? appeared first on Rock Content.

I faced countless challenges while attempting to measure data effectively and establish clear goals in my professional journey.

Shall we begin?

Why and how to use data in managing my agency?

Given that time optimization is a critical aspect of embracing data-driven agency management, fostering integration between departments offers a clear advantage. 

The adoption of a system dedicated to agency management can contribute to:

  • Automating processes.
  • Enhancing decision-making.
  • Financial control.
  • Improved team management.
  • Enhanced customer relations.
  • Data storage security.
  • Scalability.

That’s why one of my favorite reports is the Customer Ranking, which allows me to evaluate the clients which my team spends the most time on, and whether these clients have truly been profitable.

Analysis of which clients and projects demand the most time from the team

Direct communication with the customer within the platform itself

The numbers themselves speak volumes: according to the Insights-Driven Businesses Set the Pace for Global Growth report, companies that embrace a data-driven approach achieve an annual growth rate of over 30%.