Post by kmstfatema on Mar 9, 2024 20:27:48 GMT -8
Companies that rely only on data are destined to fail, those that have learned to transform them into valuable insights are dominating the market. These intelligent companies, which use data, analytics, processes and programs in a continuous loop to differentiate and compete, are called insight-driven companies . The era of analytics has just begun. Competing in a data-driven world is no longer enough. Let's see how to go further. According to research by Forrester , insight-driven companies are growing more than 30% annually, 8 times faster than the World Gross Domestic Product and will reach a global turnover of 1.8 trillion dollars a year by 2021.
What differentiates these large companies, such Germany Telegram Number Data as Tesla, Google, Netflix, from traditional companies? How can you set up an insight-driven growth strategy like theirs? Companies evolve and must do so to survive. A company that operates in the modern economic system cannot avoid considering growth as one of the implicit bases of business sustainability. According to the Cambridge Journal of Economics, a company operating in a competitive market, with a growth rate of zero, sees its growth prospects reduced in the medium term and has a high possibility of failure in the long term. A large McKinsey study of more than 3,000 organizations found that a software company that has a growth rate of less than 20% per year has a 92% chance of ceasing to exist within a few years. Large multinationals often fail when faced with market and technological changes.
Small and medium-sized businesses that know how to capture new emerging needs and that aggressively focus on "disruptive" technological innovations , however, have a greater chance of success. Even if marketing has the imperative to be customer-centric, in fact, in the case of a multinational it can be complex to react flexibly to changes... which is why it becomes important to try to anticipate them.To be successful, a good marketing strategy must keep up with the times or even better look beyond. For this reason we must not remain anchored to the usual patterns (not confirmed by data), but it is necessary to take a look at the future and take new trends into account, remaining constantly updated. We are now halfway through 2019, a promising year that will lead to several interesting changes in companies here in Italy too.
What differentiates these large companies, such Germany Telegram Number Data as Tesla, Google, Netflix, from traditional companies? How can you set up an insight-driven growth strategy like theirs? Companies evolve and must do so to survive. A company that operates in the modern economic system cannot avoid considering growth as one of the implicit bases of business sustainability. According to the Cambridge Journal of Economics, a company operating in a competitive market, with a growth rate of zero, sees its growth prospects reduced in the medium term and has a high possibility of failure in the long term. A large McKinsey study of more than 3,000 organizations found that a software company that has a growth rate of less than 20% per year has a 92% chance of ceasing to exist within a few years. Large multinationals often fail when faced with market and technological changes.
Small and medium-sized businesses that know how to capture new emerging needs and that aggressively focus on "disruptive" technological innovations , however, have a greater chance of success. Even if marketing has the imperative to be customer-centric, in fact, in the case of a multinational it can be complex to react flexibly to changes... which is why it becomes important to try to anticipate them.To be successful, a good marketing strategy must keep up with the times or even better look beyond. For this reason we must not remain anchored to the usual patterns (not confirmed by data), but it is necessary to take a look at the future and take new trends into account, remaining constantly updated. We are now halfway through 2019, a promising year that will lead to several interesting changes in companies here in Italy too.