operational data

Why is Operational Data Important?

Operational data is crucial for several reasons:
Informed Decision-Making: Managers rely on operational data to make informed decisions. For example, real-time sales data can help identify trends and adjust inventory accordingly.
Performance Monitoring: Tracking key performance indicators (KPIs) through operational data allows businesses to monitor and improve performance.
Cost Reduction: By analyzing operational data, companies can identify inefficiencies and reduce costs. For example, supply chain data can reveal bottlenecks that need addressing.
Customer Satisfaction: Understanding customer behavior through operational data helps businesses enhance their products and services, leading to higher customer satisfaction.

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