Data and Data Analytics Capability as a Strategic Asset and Data-Analytic Thinking

Data and Data Analytics Capability as a Strategic Asset and Data-Analytic Thinking

1. Viewing data as assets allows us to think explicitly about the extent to which one should invest in them.

   • Building a data analytics team is not an easy job, but can make a huge difference for decision-making.

2. The idea of data as a strategic asset is not limited to the banking industry.

   • For example. Gathering data via online create significant switching costs:

3. It is important to understand data analytics

   • Data analysis is now so critical to business strategy
     • Businesses increasingly are driven by data analytics
       • is great professional advantage