Businesses will be able to unlock opportunities

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Develop solutions that will increase the profitability of existing revenue streams. Amazon, for example, uses its wealth of consumer data, from their preferences to their browsing history and recent purchases, to power its product recommendation engine. This allows it to seamlessly recommend products with its “frequently bought together” features during checkout.

This alone helps generate Phone Number List approximately 35% of the company's revenue. Create customer-centric solutions Customers drive revenue, and through the power of data-driven decision-making, businesses will be able to develop solutions that specifically meet the needs of their customers. Build more effective and productive teams For a company with a data-driven organization, the use of data is not limited to improving the customer experience or launching new products.



Through the use of HR data, employee analytics allows companies to build more effective teams and better manage talent, especially in a world where remote working is becoming the norm following the COVID-19 pandemic. 19. Walmart, like many supermarkets, faces issues with high employee turnover and attrition. Through data and analysis, the company was able to do this.