4 key roles of Business Consultants on how they works with the data; Importance of Data's
Understand How Data's / Numbers Could Move The Needle For Your Business!
How Business Consultants works with the Data. To understand this we need to know what data is….A data is a collection of information, facts which are in the form of numbers, text, measurements, or say any observation. In short data is anything that has been referred or stored in Any order! Anywhere! And in Any form!
Data is abundantly available everywhere. Further having said that; Data Won’t Speak Unless we work on it or derive its outcome. In statistics we call it as analysis… (Data Analysis)… Which is the trending word today! We read it everywhere as a top headline calling it as ‘Big Data’
To get the data to speak; data should be structured or arranged in a manner that it can be inferred. Until which it is just the collection of numbers, graphics and words put together as a chunk of merely stored record
Today we see the world of Data’s. Data is essential for Companies/Organisations as its going to spell an era of innovation.
So why is data so important for companies! Let’s talk about the crucial ones.
Better Focus and Target
One of the most significant role for any performance driven Organisations is to have a focus. To have clear Focus; well managed data is the key. Any activity performed by an organisation has a set of focus. Be it advertising, launching of product, segmentation/Penetration… All of these requires focus which can be well achieved based on the data’s and facts… Today in every sector we see customization & personalized content sent to the specific users depending on their credentials …
For e.g.: Banks sends user based customized offers to the individuals looking at their information, transactions made. Goggle searched information becomes the base of having the similar articles or content sent to us or on our pages. Consumption patterns, consumer behaviors these data’s and information’s keep the organisation focused and helps changing their deliverables.
By targeting only people who are likely to be interested in what you have to offer, you are maximizing your advertising costs.