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    What is your point of view regarding "Data Strategy for Startups"?

    Raza Sheikh
    2 replies
    Currently, startups focus on intuition and gut feelings when making decisions rather than relying on data. This can lead to suboptimal decision-making and wasted resources. Agreed! AI applications are COMPLEX, EXPENSIVE & TIME-CONSUMING - demanding army of data engineers & data scientists with domain knowledge… this is scary because they are just a few in numbers! Startups tend not to prioritize their data & analytics. This later becomes a challenging issue in cultivating Data-culture. https://www.linkedin.com/feed/update/urn:li:activity:6972788926583373824/

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    Neha Singh
    A robust data strategy is indispensable for startups, serving as a foundational pillar for informed decision-making and sustainable growth. Startups should begin by aligning their data initiatives with overarching business goals, ensuring a clear connection between data-driven insights and strategic objectives. Establishing a culture that values data-driven decision-making is crucial, empowering employees to harness data for innovation and improvement. Prioritizing data quality, security, and privacy is paramount to build trust with customers and comply with regulatory requirements. Additionally, startups must design scalable and flexible data architectures to accommodate growth and changing business needs. By integrating data from diverse sources, implementing analytics tools, and fostering a culture of experimentation, startups can derive actionable insights that drive customer-focused innovation, ultimately positioning themselves for long-term success. New Trend Capcut Templates
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    Simrandeep kaur
    From the point of view of startups, having a robust data strategy is crucial for their success in today's digital age. Here are some key perspectives on the importance of a data strategy for startups: Decision-Making: A data strategy provides startups with valuable insights to make informed decisions. By collecting and analyzing relevant data, startups can identify market trends, customer preferences, and areas for improvement. This data-driven decision-making approach helps reduce risks and increases the chances of success.CapCut Template
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