Strategic Data Connection

We recently looked at how small businesses can leverage Customer Data and how it can be beneficial when it comes to our marketing efforts. If we don’t know who our customers are, we’re wasting money! We can’t adopt a “Hit and Miss” or “Hit and Hope” approach to marketing. So while it’s all well and good collecting this customer data, we actually have to measure it properly. The ability to measure performance on our digital marketing activities is superb and allows us to track the performance of our marketing activities and take corrective action. That’s where Data Analytics comes in to play. Facebook Audience Insights , WordPress Site Stats and Google Analytics are just some of several major tools which provide information and statistics on who is viewing our information online.  These tools provide us with valuable data, allowing us as marketers to enhance and modify our marketing strategies in order to be more effective and also cost-efficient.  Let’s ask two main questio...

Why is this relevant for you, as a Small Business? This blog will discuss customer data and why customer data are essential for business success, and their benefits and challenges for marketing efforts. Customer data is information consumers leave behind as they use the internet and interact with companies online and offline. To collect customer data, you need a Customer Data Platform (CDP). CDP is software that aggregates and organizes customer data across various touchpoints.  Customer data is a precious asset for a business of all sizes. How you use it will determine your business success.  The key is to develop a smart strategy and focus on the data that makes sense for your particular business to achieve its goals. A company should ask what they want to achieve and how data can help them get there. I discuss these steps in another blog post here . There are four types of customer data: Identity Data Descriptive Data Quantitative or Behavioral Data Qualitative Data Benefit...

  What you'll discover: ·          The importance of big data and its global growth ·          Why SME's must utilise the vast quantities of data they possess ·          The growing role of Data-Driven Decision Making ·          How to monetise data by embracing Personalisation Introduction Harnessing, analysing and ultimately monetising data is now essential for businesses large and small across the globe. Big data now means big money with the global market expected to be worth $229.4 billion by 2025. For small businesses, embracing the importance of data can improve the business's operational efficiency and provide valuable insights to improve sales and marketing. The COVID-19 pandemic has forced all businesses to adapt and rethink the way they run their businesses. SME's in 2021 are under immense stress to surviv...

Turn up the Volume, increase the Velocity and let Variety be the spice of your life. These three V’s of Big Data: what are they and why should your small business care?  Last time we looked at what exactly Big Data means for your small business . Now it's time to discuss in detail three of the V's of Big Data management. Think of the data that your business creates every day: the different types of information, the speed at which it’s coming in, the sheer amount of it all. If your business isn’t equipped to handle all this data, information overload could quickly become a serious issue.  Let’s talk about the Volume of Big Data first. In simple terms, Volume refers to the amount of information created, saved and used within any system used by your business. The ability to handle large amounts of Data can be a critical factor in the decisions made by your business every day: the more useful Data you have about your product, service or customers, the more informed this allows y...

For the last few years, Big Data has become very relevant in everyday life. But what is Big Data? And what does Big Data really mean for Small Business? Companies that don’t see data as a strategic asset won’t survive. Big Data will affect every business and change how we do business. It doesn’t matter what field you operate in or the size of your business. That’s what I will explore in this blog post.  Big Data is an emerging field and a challenging concept to define precisely, but first, I will explain what data is. Data is all facts and figures stored in digital format like texts, images, audio, and videos. Big Data is large amounts of data that are too large to be analyzed by traditional tools. Do you know what your customers want? Why they use your products/services? What do they think about your products/services? If you don’t know the answers, you’re at risk of being left behind by your competitors. According to Marr, there are three core areas where data really matters to b...