Data ecosystems: How third-party information can enhance data analytics
Companies are increasingly seeking better insights by tapping into third-party data. Outside data can bring lots of opportunity, but using it effectively can be challenging.January | 2022
The volume of data being created, shared, and stored is increasing at an exponential pace. And, more and more companies have begun acquiring growing amounts of data from third parties. However, incorporating outside data brings complexity and challenges.
In the article “Data ecosystems” we explore the effective use of external data and also analyze ways leaders can navigate the complexity of third-party data to boost the business value of their companies’ analytics efforts. Learn more about how analyzing external data can help companies see risks and opportunities that they would miss with inputs limited to data generated from internal operations, customers, and first-tier suppliers.
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