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Podcast: Investor Connect Podcast
Episode: Startup Funding Espresso – Data-Driven Business Models
Description: Data-Driven Business Models Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing. A data-driven business uses data to drive business decisions and processes. A data-driven business model is one in which the business is structured around data and changes price, costs, and responsibilities according to the incoming data. Many companies already use some data to drive decision making but a data-driven business takes it to the next level and uses it for strategic decisions. The benefits of a data-driven business model is that it brings greater productivity. It can...