Things You Must Know About Data-Savvy Managers Would you believe if we said that 90% of the data generated around the world has solely come in the last two years? That shows how big data explosion is! All this data is being leveraged by businesses to make the most out of the market. Managers and leaders are on their toes to put all this data to good use. Management training can help managers get some insights into applying this data to reveal new opportunities and take your business forward.
Here’s what managers need to be data-savvy: 1. Making use of their own company’s data Businesses produce a lot of data every day, and most of them often go unconstructively. Market research, sales figures, customer and client profiles, etc. are some types of information that a company records and the right hands can make the most out of it. Data-savvy managers should be able to extract their own company’s dataset and analyse them to find key business answers and solutions. 2. Understanding the value of data Data-savvy managers can generate truly meaningful business analytics with in-house datasets and selected open data sources. For example, a buyer’s behaviour can be examined by looking at retail sales data alongside weather activity. This can give you crucial details like the products sold, frequency of sales and the type of sales. Once the