Rather than spend time and money working toward murky standards of quality, certain companies choose instead to act on the assumption of quality, hoping that the information theyve gathered in the first place is already accurate.
Retailers are already well aware that data analytics can help them improve their marketing strategies and attract new customers. By analyzing their target demographics, companies can find better ways to entice consumers. The more challenging endeavor, though, is improving the relationships that retailers have with already existing customers.
Schools have a lot of information on each student, thanks to applications for admission and financial aid. If they take it and perform as much analysis as possible, they can find a lot of trends that will help them make better decisions about how to educate students.