Categories: Techno

Why Your Business Needs a 360-Degree, Consolidated View

Most organizations aim to be data-driven and rightly so. With data being created at an exponential level at various touchpoints, it only makes sense to incorporate it into decision-making. Credible data can work wonders and Amazon is a prime example. Data helps the retail giant practice hyper-personalization and price optimization, which gives it a competitive edge. Data has also helped Netflix achieve a 93% customer retention rate, which is commendable.

However, in a rush to become more data-centric, organizations collect more and more data, but in doing so, they ignore a critical aspect, which is organizing and managing data. Often departments end up clamoring for numbers because while data exists, it is not readily available. So, in the end, decisions are made in a hurry with whatever numbers are available.  

Teilor Stone

Teilor Stone has been a reporter on the news desk since 2013. Before that she wrote about young adolescence and family dynamics for Styles and was the legal affairs correspondent for the Metro desk. Before joining The Bobr Times, Teilor Stone worked as a staff writer at the Village Voice and a freelancer for Newsday, The Wall Street Journal, GQ and Mirabella. To get in touch, contact me through my teilor@nizhtimes.com 1-800-268-7116

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