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Business strategy examples

IBM Big Data Hub

A successful business strategy dictates the allocation of resources and outlines how a company will achieve its strategic goals. Whether the organization is focused on developing new products or marketing an existing service to an under-served demographic, having a solid strategy will help an organization realize its long-term goals.

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Process mining helps IT leaders modernize business operations

CIO Business Intelligence

Process mining on the rise Operational efficiency remains a top CIO concern, and with the rise of digitization, redesigning business processes is increasingly becoming a key strategic initiatives for CIOs. And the market for process mining tools is growing. Understandably, state leaders were concerned,” says CIO Joe McIntosh.

IT 139
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The steep cost of a poor data management strategy

CIO Business Intelligence

Such is the case with a data management strategy. For example, smart hospitals employ effective data management strategies. To derive data management’s ROI, your organization can use your relevant key performance indicators (KPIs). Without it, organizations incur a significant opportunity cost.

Strategy 114
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How to build a successful product development strategy

IBM Big Data Hub

A finely tuned product development strategy is a holistic, cross-collaborative endeavor with the capacity to help any organization weather unforeseen events or market changes. Why is a strong product development strategy important? Consumers have access to more information than ever to compare products and brands.

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5 Ways Data Analytics Sets a New Standard for Revenue Marketing

Smart Data Collective

With the “big data” or insurmountable, high-volume amount of information, data analytics plays a crucial role in many business aspects, including revenue marketing. Data analytics make up the relevant key performance indicators ( KPIs ) or metrics necessary for a business to create various sales and marketing strategies.

Marketing 110
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What Data Metrics Should Be Incorporated Into a Marketing Dashboard?

Smart Data Collective

Big data has been incredibly important in the marketing profession. Marketers need to rely heavily on big data technology to reach customers more effectively. Visual marketing dashboards are prime examples of using big data effectively in marketing. It is no longer safe to indulge in guesswork about marketing strategies.

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Create a lasting customer retention strategy

IBM Big Data Hub

An effective customer retention strategy should support the company to maintain a healthy stable of loyal customers and bring in new customers. It is achieved through a mix of customer service , marketing, customer success and product development. Some of the steps to building an effective customer retention strategy are: 1.