The Importance of Data in Business:
How to Power Up Your Strategy
Data Plays a critical role in decision-making. Without data, business decisions are
- Inefficient
- Misdirected
- Non Measurable
- Short Sighted
- Person Driven
Data Plan For Business
Start using data to power up your business to get more results from fewer efforts.
| Number | Data Analytics Fro Business | How to use- |
|---|---|---|
| 1 | Sales Data | Use to Find Sales growth product-wise and location wise |
| 2 | Purchase Data | Use for find out the cost of raw materials and use for reducing the cost of production |
| 3 | Profit Data | Use to find out Product and Business are profitable or not |
| 4 | Marketing Data | Use to Find out Customer Acquition Cost |
| 5 | Customer Data | Use Customer feedback for product improvement |
| 6 | Investment Data | Use for Calculation of Return on Investment |
| 7 | Market Data | Use it to find out What competitors are offering and the Market Prices of the Product |
| 8 | Inventory Data | Use to Find out Effective Inventory Management |
| 9 | Financial Data | Financial Planning and Cash Flow Management |
| 10 | Tax Data | Use for Tax Planning |
