Introduction:
Datafication is the process that changes business actions by turning useful activities in to valuable data it helps companies to take decisions in a better way based on the true data. By collecting and analysis and visualization of data from different methods with the help of data business can be understand their clients in a better way with the help data improvement in business and products and their operations in a competitive world data is used everywhere using data companies effectively can give determined line used of datafication it helps us to gives growth and innovation in today’s digital era.
Characteristics of Datafication:
Collecting information: Gathering data from various places like social media, gadgets and interactions with clients.
Evaluation: as we look in patterns and conclusions in the data that was recently collected and examine it
Right time managing: Analyzing data with fast to allow for taking right decisions.
Automation: it increased data productivity to automate operations.
Individualization: Matching goods and services using information to meet the need of a particular client.
Predictive data Analytics: with the help of past data development of conclusions for future trends.
Enhance making Decisions: with the help of data insights of data can take better recommendations.
Improve clients History: With the help of data insights to understand and answer the demands of people more effectively.
Optimization: applying initiatives based on data to simplify the process and reduce expenses.
Competitive Benefit: it is acquiring an benefits of opponents by using data to encourage innovation and growth.
Advantages of Datafication:
- With the help of data, we can make better decisions.
- With the help of automating task and process increased efficiency
- It is forecasting trends and client behaviors to predictive insights.
- With the analyzing data to improved productivity
- It also gives us a competitive advantage over competitors.
- It also helps us to risk management.
- It also targeted marketing to increase their effectiveness.
- It is also used resources based on data insights to better resource optimization.
- Scalability also help support business growth and expansion.
Conclusion:
With the help of datafication empowering businesses growth to operate more effectively with the help of it we can understand the clients in a better way and also motivated in the day by day changing market it also helpful for future with the help of it we can also take decisions in a right way what is the need of the customers it is the conclusion of datafication .