Analyzing the massive amount of data available today seems like an obvious step for any business. Who wouldn’t want precise insights to make more informed decisions and find new opportunities for growth? Incredibly enough, a lot of people.
A recent Deloitte survey says
A staggering 67% of executives aren’t comfortable c level contact list accessing or using data from their companies’ tools and resources. So, they basically prefer to stick to their old routines rather than having to learn how to use data analytics. The worst part is that they often shield themselves in all kinds of excuses. The most widely used: data analytics doesn’t have enough Return over Investment (ROI).
There’s enough evidence
Out there for anyone to know that the mission of one laptop per child is to empower that isn’t true. If you use data analytics properly, your ROI can skyrocket. Of course, you have to actually learn how to do it to get there but it isn’t as hard as you may think. Here are 4 ways in which you can leverage data analytics and improve your ROI.
But first – the importance of data culture
Before getting to the tips, it’s important lithuania phone number to underline how crucial a data-driven culture actually is for analytics to have a chance at success. If you can’t convince the C-level execs of the value hidden in data, then all of this will be impossible. That’s why you need to foster a data culture in your company.