{"id":2737,"date":"2021-06-01T11:24:29","date_gmt":"2021-06-01T09:24:29","guid":{"rendered":"https:\/\/www.eyard.io\/?p=2737"},"modified":"2021-06-02T12:29:11","modified_gmt":"2021-06-02T10:29:11","slug":"companys-data-and-data-driven-learning-processes","status":"publish","type":"post","link":"http:\/\/uzsjonk.cluster030.hosting.ovh.net\/companys-data-and-data-driven-learning-processes\/","title":{"rendered":"Company\u00b4s data and data-driven learning processes"},"content":{"rendered":"\t\t
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\n\t\t\t\n\t\t\t\t\t\t\n\t\t\t\t\t\tShare on LinkedIn<\/span>\n\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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A company\u00b4s data and data-driven learning processes can help companies generate competitive advantages.<\/strong> But what conditions must be in place for this competitive advantage to be effective and sustainable?<\/p>

To determine the extent to which a competitive advantage provided by data-driven learning is sustainable companies must answer 7 questions:<\/strong><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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  1. Is the data proprietary or can it be purchased from other sources or replicated by reverse engineering? The more proprietary and difficult to replicate the better for the company.<\/li>
  2. How difficult is it to mimic product improvements that are based on customer data? Can competitors easily copy the results?<\/li>
  3. How quickly does the relevance of user data fall out of favor? If data quickly becomes obsolete, the value of learning from user data is important.<\/li>
  4. How fast does the marginal value of data-driven learning fall? That is, how long does it take for the company before the data no longer enhance the offering.<\/li>
  5. How much value does the terminal data add relative to the standalone value of the offering? The greater the value-added the greater the likelihood that it will generate enduring competitiveness.<\/li>
  6. Does one user’s data help improve the product for one user or another?<\/li>
  7. How quickly can insights from user data be incorporated into products?<\/li><\/ol>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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    Improving customer service with the use of data<\/strong> will be a fundamental requirement to stay in the game in the coming years.<\/strong> It will not create a winner-take-all dynamic but the most valuable companies will be those that have a good data strategy and can generate network effects.<\/p>

    In conclusion, data-driven learning processes are helping companies generate competitive advantages against their competitors.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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    May 1, 2021<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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    \n\t\t\t\n\t\t\t\t\t\t\n\t\t\t\t\t\tShare on LinkedIn<\/span>\n\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"

    Share on LinkedIn A company\u00b4s data and data-driven learning processes can help companies generate competitive advantages. But what conditions must be in […]<\/p>\n","protected":false},"author":4,"featured_media":2740,"comment_status":"closed","ping_status":"open","sticky":true,"template":"","format":"image","meta":{"inline_featured_image":false,"footnotes":""},"categories":[14],"tags":[],"yoast_head":"\nCompany\u00b4s data and data-driven learning processes - eYARD<\/title>\n<meta name=\"description\" content=\"More than ever, data is the fuel that drives #organizations forward (data is the new oil, after all). And failing to harness it in #learningstrategies causes learning departments to fall behind the wider business and fall behind their competitors. 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