Data carries the knowledge, insights, and potential to develop an organisation’s decision-making strategies. Organisations around the globe are using data as the power to leverage their business. The organisations which keep data at the core of digital transformation overpower in the game. The organisations should ask themselves different questions such as.
“How can you define your Enterprise Data as the Capital Asset Class of a company?”
“How data could fundamentally change the value propositions for the organisation?”
“How to create more useful products and develop intuitive services?”
Conceiving and answering these types of questions requires expanded datasets, smart analytics, and also organisational awareness.
This paper helps you to
- Understand the data-driven business model is
- Know how data is disrupting the new age business models
- Get ideas to implement the data-driven business model
- Get an overview of the tools and techniques for a data-driven business model