Data & insights in 2020. The top things to consider when building your data analytics capabilities.

Businesswoman looking at laptop and thinking.

Preamble: This is an extract from the presentation: “The top things to consider when building your data & insights capabilities in 2020”.

Where is the future of business heading? Experts believe it will evolve around smart people, data analytics, insights, data-driven decision making, storytelling, and automation. While all of these in isolation may not make sense, the sum is greater than the parts. What ties it together? A data & insights strategy.

5 things fast growing companies are doing

So what distinguishes sales organisations as fast-growing companies from their lagging peers? In a wide-ranging survey of more than 1,000 companies, five meaningful differences in growth marketing and their growth strategy emerged.

The Personhood of Business

Like the individuals who run them, businesses eventually grow to be a reflection of their owners and a unique specimen unto themselves. It takes firm, directed and focused planning that is deliberate, strategic and consistent in its choices and actions to get a business through to these stages.

Resource Maturity: Stage 5 of business growth

Businesses at this stage are experiencing the successful consequences of the previous stage.

There is financial gain brought on by rapid growth and expansion of internal operations to respond to the scaling-up of the business’s product or service offering.

Why growth marketing is the way forward in 2019, and beyond.

The rapid evolution of marketing technology has given companies greater access to marketing strategies and tactics, which was once only available to companies with huge marketing budgets. Creating wide scale reach and awareness, for example, is now but a click and swipe away – generating leads X-times more is but an offer away. Yet conversion remains in the hands of the few. Why?