The consequences of COVID-19 have created a new set of challenges for every business. Fundamentally, though, businesses need to assess where to invest and where to cut spending, in order to realise the best ROI and protect their business during these tough times.
One of the ways that leaders can do this is to take a closer look at their data. The answers to many of the questions they are asking themselves right now are hidden there, but a lack of expertise on how to extract and interpret data is holding businesses back from finding the answers.
Sometimes the failure to generate genuine insight from data is blamed on a lack of technology or conversely too much technological complexity, but in our experience, technology is rarely the barrier to progress. With a small set of tools, an experienced scientist can reveal invaluable insight to help you invest in the right places and give your business an edge over the competition.
Here are five simple ways to use your data to add value to your balance sheet.
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