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12 Sep 2022, 21:54 GMT+10
External data can be a powerful tool for businesses looking to optimise their operations. By integrating external data into your decision-making process, you can improve your efficiency and performance. In this article, we will discuss the role external data plays in optimising business performance.
External data is information that is not generated internally by your organisation. It can come from a variety of sources, such as market research firms, government agencies or other businesses in your industry.
An external data platform is a software application that allows businesses to collect, store and analyse external data. External data platforms typically offer a range of features, such as the ability to create custom reports and dashboards.
External data can be used to benchmark your performance against other businesses in your industry. It can also provide insights into trends and patterns that you may not be able to discern from your internal data alone. Additionally, external data can help you identify opportunities and threats that you may not be aware of in the first place.
There are a number of ways businesses can use external data to optimise their performance:
External data is a valuable resource for businesses looking to optimise their performance. By integrating external data into your decision-making process, you can improve your efficiency, customer insights and bottom line.
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