Takeaways on "getting your data act together"Submitted on: Thu, 03.23.2017 05:53pm Share on Facebook | Tweet
We were thrilled to see MITS CEO, Gary Owen, featured in the first of a three-part series tED magazine is publishing on data, analytics, and electrical distributors.
Here are some of my key takeaways from Distributors: It’s Time to Get Your Data Act Together, Part I:
- Distributors have been analytics users for decades¾a lot longer than most think they have
- The rise of Amazon and its data (and dollar) muscle is driving distributors to re-think their data strategy
- Small investments in data and analytics can have big payoffs (although Nucleus Research says there is a 13:1 ROI in analytics investments!)
- Distributors should start small, focus on using analytics to solve one business problem, and grow from there
We’re look forward to the next two parts of this series!