When sales leaders have real-time data at their fingertips, they’ll always be more efficient and successful. Whether it’s identifying opportunities, understanding who top performers are, validating forecasts, highlighting neglected opportunities, or developing talent, better and faster access to real-time data generates more revenue.
But running a data-driven sales org is not an easy task.
Domo polled more than 400 sales leaders and managers across a range of industries to understand their relationship with data. 73 percent of survey respondents said they would consume data more if they could see it one place, and 66 percent said they would consume data more if they could see it in real time.
The problem is, sales leaders often can’t access the data they need. It’s a company’s responsibility to turn data-hungry sales pros into data-driven selling machines. Every minute a sales rep spends creating or analyzing reports takes time away from prospects and customers. Non sales activities are killers in terms of nailing your number.
2. Modern sales teams live and breathe data. From identifying opportunities to
understanding performance, having the numbers on your side helps you
lead with confidence.
Our Data-Driven Sales Survey polled more than 400 sales leaders
to see how this plays out in the trenches. Can sales organizations access the
data they need? Are they confident in its accuracy? Are they using it
effectively? We asked hard questions—and the answers surprised us.
INTRODUCTION
7. DATA - DR I V E N S A LE S SURV E Y • FINDING S
90% say real-time access
to data is important.
66% can't access their
data in real time.
( )BUT
8. DATA - DR I V E N S A LE S SURV E Y • FINDING S
65% say it takes too long to
receive insights from their data.
9. DATA - DR I V E N S A LE S SURV E Y • FINDING S
71% struggle with slow data analysis.
35% said it takes at least a few
hours to get the data they need.
31% said it takes a
couple of days or more.
16. DATA - DR I V E N S A LE S SURV E Y • FINDING S
53% feel overwhelmed by the
volume of their data.
38% don't know what to do
with their data when they get it.
17. DATA - DR I V E N S A LE S SURV E Y • FINDING S
Problems sales leaders have with their data:
frustrating
slow
too hard to access
hard to understand
inaccurate
behind
irrelevant
not enough time
complex
unreliable
not mobile
desktop only
disparate
overwhelming don’t know what
to do with it
not up to date
don’t know what
to measure
not always accessible
lack of confidence
19. DATA - DR I V E N S A LE S SURV E Y • FINDING S
38% have to use
more than 4 systems.
59% of sales leaders must use
1-3 systems to track goals and priorities.
20. DATA - DR I V E N S A LE S SURV E Y • FINDING S
92%of sales leaders want to see
data in a single dashboard.
Only 31% can.
( )
21. would consume sales data more often if they
could see it in real time.
66%
DATA - DR I V E N S A LE S SURV E Y • FINDING S
22. 73% would consume data more often if they could see it in one place.
DATA - DR I V E N S A LE S SURV E Y • FINDING S
23. DATA - DR I V E N S A LE S SURV E Y • FINDING S
87%think it’s important to have access
to sales data on all their devices.
25. DATA - DR I V E N S A LE S SURV E Y • FINDING S
41% of sales leaders are responsible
for creating their own reports.
26. DATA - DR I V E N S A LE S SURV E Y • FINDING S
39% spend at least a few hours
per week creating and analyzing reports.
21% spend an entire day
or more each week creating
and analyzing reports.
27. DATA - DR I V E N S A LE S SURV E Y • FINDING S
Sales results are typically consumed as:
third-party vendor (7%)
spreadsheets (43%) dashboards (24%) email (13%) other (13%)
28. DATA - DR I V E N S A LE S SURV E Y • FINDING S
Sales results are typically delivered as:
PowerPoint (12%)spreadsheets (36%) dashboards (19%) email (16%) other (17%)
30. DATA - DR I V E N S A LE S SURV E Y • FINDING S
Only 2% of sales leaders rate their relationship
with their sales data an A- or better.
31. DATA - DR I V E N S A LE S SURV E Y • FINDING S
83% of respondents gave their
organization lower than a B- when it
came to leveraging data
— equivalent to a 2.30 GPA.
38% would grade
their company
below a C-—equivalent
to a 1.30 GPA.
35. Great mix of big and small companies:
DATA - DR I V E N S A LE S SURV E Y • DE MOGR A PHIC S
$500 million-$1 billion (7%)
in revenue
$1 billion+ (21%)
in revenue
$0-10 million (33%)
in revenue
$10-500 million (39%)
in revenue
36. Great mix of big and small companies:
DATA - DR I V E N S A LE S SURV E Y • DE MOGR A PHIC S
501-5,000 (21%)
employees
5,001-10,000 (5%)
employees
0-50 (20%)
employees
51-500 (29%)
employees
10,000+ (17%)
employees
37. Sales leaders need timely access to data in order to do their jobs well, but
most of them don’t have it. Those who do, however, often lack confidence in
their data’s accuracy.
In a data-rich world, many sales leaders are overwhelmed by the amount of
information available, and spend hours each week creating reports.
Ultimately, only 2% of survey participants would rate their relationship with
sales data as an A- or better.
Domo transforms the way sales leaders take care of business.
See for yourself how Domo can help you do the same.
CONCLUSION