Data and metrics are critical drivers of a business’s overall success. The more data streams you have, the better you can understand your customers, their needs, what works and what doesn’t.
But collecting data doesn’t necessarily give you all this information. You still have to interpret it and use it to take actionable steps toward bettering your business. To help you do that, eight members of Young Entrepreneur Council offer their best tips for turning data into action items for your business.
1. Ensure Your Data Is Accurate
As a first step, gather good data. Often, companies have incomplete or raw data that is inaccurate due
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