In the age of digital transformation efficiency, businesses recognize the immense value of leveraging data to drive growth. According to Startup Genome's 2021 Global Startup Ecosystem Report, startups that leverage data analytics are twice as likely to s ...
Top 5 Reasons Why Data Projects Fail?
A data analyst, Eric discovered a troubling trend in his company's customer data. The churn rate was alarmingly high. Concerned about the impact on the business, he mobilized his team to investigate the problem. Eric and the team spent significant time ...
Can analytics save startups from failing?
Introduction Starting a business is a risky endeavor, with many startups facing a high failure rate. According to a study by the Bureau of Labor Statistics (BLS), approximately 20% of small businesses fail within their first year, and around 50% fail ...
The Analytics Practices Startups Should Follow To Achieve Growth In 2022
Misalignment between business objectives and success metrics is a common problem, especially as a start-up is in its journey of growing and evolving. With the surge in data collection and analytics practices, it's easy to get lost in its depth and breadth ...
How To Improve Analytics Readiness For Your Start-up?
Analytics used to be the thing of the established companies to improve their company performance. Times have evolved, and analytics readiness has become necessary while laying the foundation for a company especially startups. All departments, including op ...
Analytics Framework: The need of the hour for Analytics teams
This is the last post on 2022 readiness in the Series C Growthonomics. So far, we have discussed as the head of data/ analytics how to get more value from your data by creating an analytics agenda that would help you figure out the 10 to 15 problems to wo ...
Do your analysts have the permission to ask the why behind the what?
In the last blog in the start-up readiness series, titled “Too many tickets and fewer resources,” we discussed building an analytics agenda that would help the data and analytics resources to focus on solving the highest value problems instead of going on ...
Scaling Analytics: How to Prioritize Projects When Resources Are Scarce
As a business, there are lots of questions that can be asked of data. Some can be answered by building thoughtful dashboards while some require analysts' time and effort to get to the answers. Going back to our food delivery app example from last time the ...