8 Types of Business Data You Should Collect And Why

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Welcome to May.

How time flies right?

Well, the first quarter of the year is gone. How did your business fare?
If it did well, congrats! If it didn’t do so well, don’t be discouraged. There’s a lot you can do to make up for it and we’ll show you how right away.Let’s begin with these 8 types of business data you should collect and why:
  • Sales and demographic data enables more precise decisions about who to market and sell.
  • Transaction and buying pattern data, you can better understand the demands of your customers and position your products or services more strategically than competitors.
  • Consumers and customers data show you how to increase your number of conversions and keep customers coming back.
  • Operations process data makes it easier to diagnose weaknesses and errors because no one has to guess what is going wrong when there’s a bottleneck.
  • Employee data such as age, gender, address and education combined with performance review data can help you identify which candidates are the best fit, saving time and boosting the potential of your business.
  • Financial data can improve and enhance your planning, budgeting and forecasting processes.
  • Social media data can be used to protect your reputation, repair it or both.
  • Performance, expenditure and procurement data to identify those policies, products, services and other offerings that are not delivering the best possible results so you can improve your KPIs.

So which business data is relevant to your business and how can it improve your decision  making?
Talk to DataXpert today.

At DataXpert, we create timely, real-time and accurate data for Informed business decisions.

Phone:  +234-700.DATAXPERT
Office:   +234-700.3282.97378
Email:     data@dataxperts.org
Website:  https://www.dataxperts.org

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