5 reasons you need to make data driven decisions

16
5 Reasons You Need to Make Data Driven Decisions

Upload: ving

Post on 09-Jan-2017

64 views

Category:

Business


2 download

TRANSCRIPT

Page 1: 5 Reasons You Need to Make Data Driven Decisions

5 Reasons You Need to

Make Data Driven Decisions

Page 3: 5 Reasons You Need to Make Data Driven Decisions

If you start making decisions based off of data you’ll see...1. Increased customer engagement.2. Increased retention and loyalty.3. Increased profits.4. Competitive advantage.5. Increased productivity.

Page 4: 5 Reasons You Need to Make Data Driven Decisions

REASON ONE

Increased Customer Engagement

Page 5: 5 Reasons You Need to Make Data Driven Decisions

Look at how engaged your customers are when they first interact with your product/service, during their first month of use, and their use over time.

It’s important to compare these numbers to what your ideal customer looks like.

Your ideal customer will lead to increased revenue.

Page 6: 5 Reasons You Need to Make Data Driven Decisions

REASON TWO

Increased Retention & Loyalty

Page 7: 5 Reasons You Need to Make Data Driven Decisions

Your data will tell you who your happy customers are.

These are your loyal, evangelists.

It costs less to keep a customer than it does to obtain a new one, so make sure to locate your happy customers to keep them — happy.

Page 8: 5 Reasons You Need to Make Data Driven Decisions

Tips To Spotting a Loyal Customer

● How frequently do they use your product/service?● How frequently do they contact customer support?● Do they follow you on social media?● Have they referred any new business?

Page 9: 5 Reasons You Need to Make Data Driven Decisions

REASON THREE

Increased Profits

Page 10: 5 Reasons You Need to Make Data Driven Decisions

According to the same Forbes report companies

making decisions of data are “3 times more likely to have increased revenue.”

I think we can agree that this one speaks for itself.

Page 12: 5 Reasons You Need to Make Data Driven Decisions

REASON FOUR

Competitive Advantage

Page 13: 5 Reasons You Need to Make Data Driven Decisions

You need data delivered to you in real-time so you can

make decisions that will give you the competitive advantage.

Monthly reports, while necessary, are not going to give you the competitive advantage you need.

There are many occasions when you need to have access

to key information at your fingertips.

To accomplish this, make sure to select a tool that delivers what you want when you want it.

Page 14: 5 Reasons You Need to Make Data Driven Decisions

REASON FIVE

Increased Productivity

Page 15: 5 Reasons You Need to Make Data Driven Decisions

A customer engagement report can help you figure out what customers need, quickly.

Allowing you to make Data driven decisions and

increase productivity.

Real-time analytics let you know what your customers need before you reach out, allowing you to focus on exactly what your customer needs.

Page 16: 5 Reasons You Need to Make Data Driven Decisions

Click Here To Sign Up For VingWant to simply learn more about the tool people use who want to learn

more about the information they share?

vingapp.com | @vingapp