What is it? The essence of Data-Driven is working with data. By collecting, analyzing, structuring, and clearing them of unnecessary information, a specialist receives a hint on how to improve a process, product, or service.
How to implement? First, you need a clear plan, without it it will be a utopia. And second, the company must have a specialist who understands Data-Driven.
The article explains:
The Essence the benefit of using our database of the Data-Driven Approach
Why is this approach needed?
Application areas of the Data-Driven approach
Who in the company can benefit from Data Learning
Data-Driven Principles
Stages of Building a Data-Driven Strategy
HADI-cycle as an important part of Data-Driven
Data-Driven Metrics
Tools for visualization and analysis
Data-Driven Use Cases
Difficulties of implementing a Data-Driven approach
How to Become a Data-Driven Company
3 Common Mistakes in Data-Driven Applications
5 Scenarios for Using Neural Networks to Increase Website Conversion by 40%
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The Essence of the Data-Driven Approach
The Data-Driven approach is a completely new direction in business management. It is based on collecting and analyzing data about the company's clients and their needs. With the advent of high technology, this process has become much easier to control, so the Data-Driven culture is gradually replacing the traditional approach.
Previously, the most important decisions influencing the company's policy were based on the Hippo culture, i.e. the opinion of the highest paid employee. Obviously, he alone cannot have such knowledge and access to a large volume of data as a modern analytical computer system.
The Data-Driven approach protects against erroneous decisions because the human factor is excluded from the analysis.
The Essence of the Data-Driven Approach
Data-Driven marketing is aimed at finding new ways to develop a company. For example, the Ozon marketplace offers customers products selected based on an analysis of their previous purchases. A similar system operates on other trading platforms and classifieds sites. Consumers are always pleased to receive offers that are focused on their tastes and take into account their needs. The Data-Driven system among well-known companies is used by such giants as Amazon, McDonald's and other corporations.
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Alexander Kuleshov
Alexander Kuleshov
General Director of Sales Generator LLC
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