5 Data Science Led Business Ideas That Can Make You Rich In 2023
The world is overflowing with data. To be precise, approximately 328.77 million terabytes of data are created each day (Source – Exploding Topics). With this amount of data being generated each day, it is only wise for businesses to analyse relevant data, gain valuable insights from it, and make suitable changes […]
What Is Big Data & Its Importance In Business
In the last decade, data has become the single most valuable resource for businesses and organisations in the digital world. It holds immense power and contains vital information that can transform businesses in all sectors. As more and more companies are adopting technology and software that helps them gather crucial […]
Why a Data Led Culture is key to success
Technology has given us access to exploding amounts of data. And with digital transformation sweeping businesses worldwide, there has been a dramatic increase in the amount of data available for businesses to analyse and utilise. Gone are the days when businesses were run on assumptions. Instead, a modern, progressive enterprise […]
Why Is Data Important for your Business?
Have you ever tried hitting a bullseye with a dart in a pitch-dark room? That’s what it is like trying to succeed in business without the help of data. To decide where you are going with your business, it is essential to first understand how you got to where you […]
Econometrics & How It is Beneficial To Businesses
In this age of big data, companies have tons of data to collect, analyse, and understand to gain deeper insights into their business and make informed decisions. It is the only way companies can know what is working and what is not and decide the right direction based on facts […]
Vehicle Fleet Costs #1
We provide data analytics services .. to a leading transport and logistics group in the UK – one that already operates around the world. In the short term, the Fleet Management team have been told to get on top of fleet and asset costs. This means figuring out the causes […]
Tracking & Analysing Costs
Understanding & challenging costs is more important more than ever. Businesses have data that can help. This blog describes how to put that data to work. It covers four essential disciplines. Knowing what tasks your costs are funding Discovering what drives your costs and where the value is Challenging all […]
How do we find new customers?
What is the top question that business leaders ask when trading conditions become difficult? It’s ‘how do we find new customers?’ This was confirmed at a seminar for business leaders at the Bristol Business School here in the UK. Other versions of the same question included: How do we place […]
Working with The Manchester Growth Hub
A great number of business leaders want to use data to help their businesses to flourish. This is because those who do often do well: ‘Businesses that use data to inform decisions are 23 times more likely to acquire customers, six times likelier to retain customers, and 19 times more […]
How a business can use data to grow
Businesses typically take time to grow. The great majority grow through incremental gains – perhaps through referrals to new potential customers, success with a tender, sheer perseverance attending conferences and trade shows which eventually yield new contacts. Data helps those marginal gains to be bigger and to arrive more often. […]