Intelligent Data Centres Issue 40 - Page 15

LATEST INTELLIGENCE

TRANSFORM BEHAVIORAL DATA INTO ACTIONABLE INSIGHTS

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SPEEDREAD : DATA UTILIZATION IN 60 SECONDS
Developing a single customer view and efectively identifying users has become a hot topic in the analytics community for two main reasons :
• Users demand excellent user experiences on digital platforms , increasingly expecting experiences to be personalized , or expecting marketing and recommendations to be highly relevant .
• This increases the need for efective user identifcation across platforms and over time .
However , analytics operations need to be carefully managed to ensure that they are delivering maximum value for the business as a whole .
When properly managed and structured , data analysis can be a signifcant revenue driver for departments across a wide range of business functions . Data can be monetized directly or it can be used to reduce costs and fuel revenue growth throughout other business units — such as by improving per-user revenue by delivering personalized recommendations or tracking behavior to identify top-performing products .
The efectiveness of individual sources of data pales in comparison to a robust data architecture that merges multiple sources to create a single customer view .
The key factor in building a data-driven organization is a clear and thought-through data strategy , led by a data champion with insight into the overarching goals and operation processes of the business .
Company-wide dashboards and business intelligence tools allow diferent functions to make use of the full scope of the organization ’ s data without individual teams having to buy in multiple separate third-party tools . � www . intelligentdatacentres . com
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