Businesses are facing more challenges than ever before. While the market has grown rapidly these past couple of years, there are more competitors to deal with. Customers are also smarter and more selective. Growth hacking is quickly becoming a popular term. For a business to grow as quickly as the market does, business analytics and data-driven decision making skills are critically important.
This is among the many reasons why many business owners are enrolling in top universities such as Ohio University and pursuing an MBA online. The best way to hack the growth of your business is by using as much relevant information as possible when making decisions. Aside from better decisions, business analytics can also help you manage risks, innovate and connect with customers on a more personal level. Not only that, the same analytics skills can also be implemented in other parts of marketing.
The Importance of Business Analytics infographic by Ohio University is a good place to start if you want to learn more about growth hacking through business analytics.