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In our data-laden business environment, it is increasingly important to not only be able to access information but also to understand it to make business decisions. A survey of more than 1,000 senior executives cited in a Harvard Business School article titled, “The Advantages of Data-Driven Decision-Making”, show that highly data-driven organizations are three times more likely to report significant improvements in decision-making compared to those who rely less on data.

This decision-making process carries over into the way employers spend hundreds of hours and incur significant expense in putting together benefits packages designed to recruit and retain top talent. And what employers tell us is that, especially with health care benefits, they need better tools to gather, analyze and benchmark data against their peers to continuously improve their programs.

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