Why data driven decision making and data products are critical for businesses to compete.
In today's business world, the importance of data can no longer be overlooked. Data is the lifeblood of modern businesses and is the foundation for competitive advantage, improved customer experiences and breakthrough innovation. A comprehensive understanding of the importance of a data-driven culture and the value of data products is therefore crucial. A data-driven culture can help make fact-based decisions and increase operational efficiency, while thinking in terms of data products allows companies to effectively monetise their data assets and create sustainable value. Below, I highlight the benefits and characteristics of these aspects in 3 parts.
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