Stop Guessing: Unlock the Power of Data, and Put It To Workby La Macchia Group
Published: Wednesday, August 10th, 2022
“By 2025, smart workflows and seamless interactions among humans and machines will likely be as standard as the corporate balance sheet, and most employees will use data to optimize nearly every aspect of their work.” (McKinsey, 2022).
While still offering a competitive edge now when harnessed correctly, the future of data-driven decision making is less of a differentiator and more of a given. Organizations that crack the code on how to make data work for them now, are much more likely to continue that evolution at a faster pace than peers well into the future.
How do you build that momentum? Right now, many financial institutions are sitting on a treasure trove of data that, when activated appropriately, can help target and maximize growth efforts. With AI-powered data solutions, data works for you instead of sitting unused in a system collecting proverbial dust. Data drives action, offering valuable insight into consumer behaviors, preferences and needs. Maximizing and mobilizing data starts when you stop guessing and start knowing. Begin by asking the right questions:
- How can you achieve higher market value in the most efficient way?
- How can you attract and meet the near-and-future-term needs of consumers without alienating customers who have put their trust in you for decades?
- What questions do you have about consumer behaviors? How can you turn data-driven insights about those behaviors into actionable intel to inform future initiatives?