THE 3 MOST IMPORTANT TYPES OF DATA ANALYTICS FOR SMBS IN 2022.
For small firms, the key to success often lies in finding ways to do things smarter, faster, and more efficiently than larger competitors. And today, one of the best tools they have to make that happen is data analytics.
For small firms, the key to success often lies in finding ways to do things smarter, faster, and more efficiently than larger competitors. And today, one of the best tools they have to make that happen is data analytics. By collecting and analyzing data about their operations, small businesses can improve efficiency and drive better bottom-line results.
But they have to be smart about choosing where to focus their analytics efforts. Failure to do so could lead to wasteful spending and negligible results. Fortunately, there are a few key business functions that tend to benefit from analytics that make excellent places to start. To elaborate, here are the three most important types of data analytics small businesses should focus on in 2022.
Ida Byrd-Hill is a futurist, economist and CEO of Automation Workz, a cybersecurity reskilling and diversity consulting firm. She is author of Invisible Talent Market, a Black Labor Economics History book. She holds an MBA from the Jack Welch Management Institute at Strayer University, with a specialization in People Management/Strategy and a BA Economics from the University of Michigan- Ann Arbor. Byrd-Hill has appeared in Associated Press, BBC, Crain’s Business Detroit, CW Street Beat, Cybercrime Magazine, Daytime NBC, Detroit News, Detroit Free Press, Essence Magazine, Good Morning America, Let It Rip, Michigan Chronicle, Model D, NPR, PBS, and X-conomy. www.autoworkz.org/diverse-lens
