With internet becoming more accessible, we have been generating more and more data each month.Unfortunately, most of this data is not analyzed to inform better business decisions. Utilizing this analyzed data can help increase business performance by 300%. Surprising that more people don’t do that…
We’ve looked at data generated in different sectors as well and found that some sectors are a bit more advanced in using data well than others. Unsurprisingly, technology companies lead the pack followed closely by retail and consumer goods companies. However, lagging is educational institutions, real estate industry, and insurance companies.
The real problem with using big data is fear–with many people clearly understanding the need for data analytics, but not wanting to completely change the way they are used to running their operations. If only they knew how much better they could perform.
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