Within the first month of launch, over 90 small businesses have signed up to use a new, free, all-in-one instant dashboard tool. Designed specifically for SMEs, just at a time when they need all the help they can get - myDATA3 offers instant dashboards and benchmarking to SMEs.

Helen Tanner, founder and CEO of DATA3, said: "Business is tough for SMEs right now. Brexit. COVID. Lockdown, Energy crisis. Driver shortage. Actually, to say that business has been tough for UK SMEs in the last 2 years is a huge understatement. They are cash-deprived, debt-ridden, cashflow-focused, and time-poor. At the same time, the tech revolution has fast-tracked almost overnight with QR codes becoming the norm, exponential growth in online shopping, and the increasing use of tech tools. Combine all this with a tech skills shortage. It's the perfect storm."

The innovative new business tool called myDATA3' has been created by Bristol-based team, Data3’ Their vision is to enable SMEs to benefit from big business tools like data analytics and artificial intelligence (Al). They want to level the playing field, by making data and Al simple. By becoming data-driven, SMEs will be able to survive and thrive, despite the perfect storm, by maximising business opportunities and mitigating business risks, in advance.

myDATA3 is specifically designed for SMEs to see instant dashboards and business benchmarking, with no need for tech skills or tech teams. To give SMEs access to smarter, data-driven, crowdsourced business predictions so they can make quicker decisions today. myDATA3 gives SMEs access to fast, intuitive data that they can use to grow their business and minimise losses.

Christine Christodoulou, Co-Founder of Revoco, said: "myDATA3 is super easy to use and I'm a technophobe!". Janani Prabhakaran, Founder of Unbaggaged said: "I've been using it for the last week and it gives me all the information I need in one dashboard."

Over 90 businesses use the business tool already, with 1,000 businesses set to join by March, 10,000 by 2023 and 40,000 within five years.

Helen Tanner added: "In the coming months and years, we intend to show that data-driven businesses do indeed make more money, as often quoted by McKinsey, Gartner, E&Y, PWC and co, based on their small studies ... we will prove it with data."