How and Why Data Will Save Small Business

Posted by lyceum under Technology
From http://smallbiztrends.com 3525 days ago
Made Hot by: fundpr on March 26, 2015 2:06 pm

Small business is in the biggest decline since the industrial revolution.
They’re losing ground to bigger businesses, who, in addition to economies of scale, enjoy a data advantage. In today’s environment, companies with the ability to collect, analyze and decide based on data win. Technological breakthroughs will soon make big data universally accessible.
That’s great news for Main Street.

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Comments

Written by AngelBiz
3519 days ago

I think the biggest issue for small business is availability of data. They do not have all the systems in place and hence have only limited data to work with. Once they do have the data there are number of easy to use tools, such as Tableau that can help analyze it without requiring technical knowledge.

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