First of all, developing a strategy for your data usage should start with questions about your larger goals. What do you want to achieve in the first place? The end goal of any business is to generate more revenue, but how best to get there? To harness the power of data science, you need a measurable goal.
Data is everywhere. Therefore, the problem businesses often face is not how to get more data, but how to use data that they already have. In practical terms, how can you use data science to extract actionable insights that will boost your team’s performance and grow revenue? Let’s analyze this question in detail.