Thanks to mobile technology, smartphones, tablets, and advancements in networks and WiFi, data creation and consumption are increasing at an unprecedented rate.
463 Zettabytes of Data Daily by 2025
Data experts worldwide estimate that technology-savvy individuals will produce and consume approximately 463 zettabytes of data per day by 2025. The latest data shows that there are around 99,000 Google searches every second, totaling about 8.5 billion searches per day. Investing in content requires money, and investing in data takes years. The conclusion is that we must rely on data to inform, educate, and validate strategic moves in order to enhance engagement, attract new audiences, and, in turn, generate revenue and growth. When it comes to data, there is no silver bullet, quick fix, or cheap option. It is necessary to commit to measuring, monitoring, analyzing, and developing strategies based on the gathered information. We must not underestimate the time and investment required to carve out a space in a competitive market based on data and insights.
Tailoring Data for Enhanced Engagement
Data is crucial for content, marketing, and customer service. However, there are challenges in effectively utilizing data. Managing the influx of new skills and talent is a key problem, especially in the current economic climate. Creating and maintaining a robust technological platform is another challenge, requiring a decision on whether to outsource or build internally. Data analysis is crucial in this regard, as it helps determine key indicators and how to use them for positive change. Personalization is becoming increasingly important, but it requires time and innovation. Despite the fast-paced world we live in, certain things take longer and cost more. Bold marketing, strategic investments, and fast execution can help overcome these challenges.