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Data: Your Company’s Most Powerful Tool

27 Apr 2017 / Workflow Management

 

In this day and age, data is more abundant and more accessible than ever before. Computers and technology have made it easier than ever to collect, manipulate, and analyze just about every type of information available, but there is a significant difference between having data, and having actionable data that you can use to make informed decisions about your business.

The data your business collects can be used to measure profitability, to determine the most effective marketing channels for your business, and can help identify areas of your business where you can improve efficiency to lower costs. And when it comes time to expand your business, data can help you make an informed decision with lower risk.

Measuring Profitability

There are many factors

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