the-importance-of-data-as-a-strategic-asset-how-to-transform-your-business-into-a-data-driven-organization
The importance of data as a strategic asset - How to transform your business into a data-driven organization
May 4, 2023
Marius Coscodari

Data is crucial for various purposes such as informed decision-making, problem-solving, gaining greater understanding, improving processes, and understanding customers. With real-time intelligence available, leaders can make informed decisions on the direction of their organization.

Data can help identify problems and provide solutions, and it can also help us understand trends and patterns in our lives and in the world around us.

By analyzing data, our specialists can identify inefficiencies and improve processes, as well as gain a better understanding of our customers to provide them with better products and services.

Let's go through the main reasons why data is an important strategic asset:

• Increases Operational Efficiency and Savings

Azure's elastic, intelligent, and highly available capabilities allow for rapid adaptation to changes in the business environment, resulting in cost savings.

• Creates More Value for Customers

Utilizing Azure databases can foster innovation and expedite the time-to-market for developing new products and services.

• Keeps Staff Engaged and Productive

By utilizing Azure's fully-managed solutions for database management, your team can automate the process and free up capacity to focus on more strategic initiatives.

• Accelerates Innovation

To maximize the return on data investments, the Microsoft Intelligent Data platform can help break down data silos.

Cloud migration and modernization triggers

Data-driven transformations yield significant benefits

• 54% increase in revenue performance

• 44% faster time to market

• 62% improvement in customer satisfaction

• 54% increased profit results

(Source)
Get in touch with mindit.io's experts if you want to transform your business into the ultimate data-driven organization. Let's connect!

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