Data Flows into Financial Returns
Posted: Tue Feb 11, 2025 5:39 am
Aside from the need to drive competitive differentiation, businesses have had to navigate turbulent macroeconomic conditions for some time, not to mention constantly changing customer expectations. Building data maturity empowers SMBs to create financial stability in the face of these headwinds. In fact, 65% of highly data-driven SMBs benefit from a stronger financial performance than their peers. This is almost double that of those who aren’t prioritizing data (33%).
Data enables SMBs to get ahead and mitigate uncertainty philippines whatsapp number data by improving decision-making. When guided by evidence, organizations can be prepared for what’s coming and adapt business decisions accordingly – whether that’s being able to forecast accurately, detecting and preventing costly security threats, or anticipating customer needs. All these factors feed into profitability and resilience against market changes.
The study shows that strong data foundations act as a platform for growth with wide-reaching business outcomes. Beyond revenue rises and cost reductions, highly data-driven companies saw a 32% uplift in customer satisfaction, a 34% improvement in marketing, 33% better process efficiency, and a 30% risk reduction compared to less data-driven competitors.
Data enables SMBs to get ahead and mitigate uncertainty philippines whatsapp number data by improving decision-making. When guided by evidence, organizations can be prepared for what’s coming and adapt business decisions accordingly – whether that’s being able to forecast accurately, detecting and preventing costly security threats, or anticipating customer needs. All these factors feed into profitability and resilience against market changes.
The study shows that strong data foundations act as a platform for growth with wide-reaching business outcomes. Beyond revenue rises and cost reductions, highly data-driven companies saw a 32% uplift in customer satisfaction, a 34% improvement in marketing, 33% better process efficiency, and a 30% risk reduction compared to less data-driven competitors.