Driving and effective data-ready culture: How companies can take on a datadriven approach to 11 business

• Main Author: POH, Johnson
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2019
• Subjects: Numerical Analysis and Scientific Computing; Systems Architecture
• Online Access: https://ink.library.smu.edu.sg/mitb/4; https://ink.library.smu.edu.sg/cgi/viewcontent.cgi?article=1004&context=mitb
• Institution: Singapore Management University

TECHNOLOGY has turned the tables in favour of consumers, enabling them to find goods and services faster and access more choices. Companies now compete more intensely to capture consumers’ mindshare and scour for ways to keep their products relevant. But every coin has two sides. While technology has empowered consumers with choice, it has also offered companies a plethora of data to understand consumers better. This puts the odds in favour of companies that can leverage on data to gain consumer insights and meet their business objectives.