Looking forward, not just backward: balancing historical data with future focus
vzocca.substack.com
The ninth sin of businesses when dealing with data (see here) is over-relying on historical data. While historical data provides valuable insights, relying solely on past trends and patterns may hinder businesses from adapting to changing market conditions and customer preferences. It is important to balance historical analysis with real-time data and forward-looking analytics to drive innovation and remain competitive.
Looking forward, not just backward: balancing historical data with future focus
Looking forward, not just backward: balancing…
Looking forward, not just backward: balancing historical data with future focus
The ninth sin of businesses when dealing with data (see here) is over-relying on historical data. While historical data provides valuable insights, relying solely on past trends and patterns may hinder businesses from adapting to changing market conditions and customer preferences. It is important to balance historical analysis with real-time data and forward-looking analytics to drive innovation and remain competitive.