A number of companies are now seeking to ace the competition using a data- centric business strategy. There are however, several barriers to this kind of transformation. In order to become data- driven, the company needs to align its data warehousing efforts, and subsequent analysis to the overall business agenda. For this, a data- driven culture too needs to be curated in place. Data- generated insights need to be made use of. The right technology and infrastructure need to be used, for all this to be fruitful. This includes a suite of analytical tools, for the right purposes. As data is the lifeblood of such digital- driven tasks, companies that have aced this game, will be best able to make us of its business analytics capabilities to generate the right insights.

Source:https://www.strategy-business.com/article/Winning-with-a-data-driven-strategy?gko=8f948

Uploaded Date: 12 December 2019