Control your expenses better than your competitors. This is where you can always find the competitive advantage.
- Sam Walton
Founder - Walmart
A profound statement by Sam Walton, founder of the best and most efficient retail brick and mortar store chain with an overall turnover of $130 billion. Walmart is what it is today due to its focus on understanding various costs drivers and diligently working to reduce it one metric a time…
Be aware of a major threat that may affect your business due to the global VUCA phenomenon!!!
VUCA is a combination of qualities like volatility, uncertainty, complexity and ambiguity that taken together, characterize the nature of some difficult conditions and situations thereby contributing to the modern challenges to businesses today.
Data plays a vital role in overcoming this hidden threat, from which the changes can be predicted to minimize the complexity of the situation and provide clear solutions. Thus data logging must be given utmost importance in your business.