In this Growth Swarm Moment, taken from episode 21 of the Growth Swarm podcast, John Siefert, Bob Evans, Scott Vaughan, and Tony Uphoff discuss the importance of real-time data in the data modernization process to help businesses grow faster.
00:13 – Tony says that a critical piece of data modernization is the use of real-time data. He compares the importance of data in today’s world to the past, noting that data used to be a “trailing indicator of a past event.”
00:48 – Part of data modernization today is feeding that real-time data back into a live system in order to make that system smarter. Tony says that the concept of operationalizing data has been a “big shift for a lot of people’s understanding.” He says that many of the companies he works with struggle to understand how to move quickly with their data.
01:34 – Operationalized data is a means of running and growing a business, says Tony. He says data modernization is a way of understanding “where you should look at real-time data and feed it into your business in order to grow faster.”
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