top button
    Got Questions


Global IoT Summit 2018
Oct 31, 2018
The Leela Palace, Bangalore



    Connect to us
      Facebook Login
      Site Registration Why to Join

Facebook Login
Site Registration

Why is it important for organisations to become data-driven?

+2 votes
641 views
posted Feb 21 by Lakshmi L Menda

Share this question
Facebook Share Button Twitter Share Button Google+ Share Button LinkedIn Share Button Multiple Social Share Button

1 Answer

0 votes

Making data-based decisions makes instinctive sense, and evidence is mounting that it makes strong commercial sense too. For instance, the McKinsey Global Institute indicates that data-driven organizations are 23 times more likely to acquire customers, six times as likely to retain those customers, and 19 times as likely to be profitable as a result.

answer Feb 22 by Asma Nooren P
...