Understanding Data as a Business Asset - Arman Eshraghi - Making Better Decisions - Episode #54

“Any business is in data business”. Arman Eshraghi, Founder and CEO of Qrvey, joins Ryan today, where they discuss looking at data as an asset to the business. Arman shares his extensive experience in the field of business analytics, emphasizing the importance of high-quality, relevant data for making impactful business decisions. The discussion covers various aspects of data strategy, including the importance of separating data collection and data utilization, the role of low-code and no-code environments, and the significance of data literacy within organizations. Arman advises leaders to embrace data-driven decision-making and explains how to cultivate a strong data culture. Additionally, he gives a glimpse into his personal interests, such as designing strategy games and hiking. This episode provides valuable insights for both technical and non-technical business leaders looking to leverage data effectively.

Key Takeaways:

• Understand the Importance of Data Quality: Focus on maintaining high-quality data to ensure meaningful insights. Poor data quality can lead to misleading outcomes and wasted resources.
• Adopt a Step-by-Step Approach: Instead of trying to perfect everything upfront, adopt a phased approach and continuously refine your data strategies.
• Hire Data Experts: If you lack data expertise, hire someone who can effectively manage and interpret data to support business decisions.
• Utilize No-Code/Low-Code Tools: Empower non-technical users with no-code/low-code tools to allow them to manipulate and analyze data without needing deep technical skills.
• Democratize Data Usage: Give various stakeholders within the organization access to data tools, allowing them to derive insights relevant to their specific roles.

Quote of the Show:

• “It is the worst mistake to not be data savvy today.” - Arman Eshraghi

Links:

• LinkedIn: https://www.linkedin.com/in/aeshraghi/ 
• Website: https://qrvey.com/ 

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