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The results of the 2006 census are now being released to the public.
Some of the insights are likely to be discussed in the press in the coming months. This is information that is available to both you and your competitors. The big question you need to ask is "how can this information add value to my business and give me a competitive advantage over my competitors?"
The answer is quite simple. The real power of the census data is in analyzing it against your unique customer data. You have data in your organisation that is unique to your business. This data has huge value and you can unlock this value by analyzing it against external data such as the most recent census data.
What value can this data analysis provide?
Immense value in terms of increased revenues, cost savings and increased margins.
How?
- By building unique customer profiles: knowing your customers intimately will allow you to understand how they buy, how they want to buy, what they want to buy and when they want to buy. Read a case study
- By segmenting your market using customer profiles you maximise resources: Knowing not only who your customers are but where they are located means you can organize your resources to suit the needs of your customers. This means building stores and outlets that are located close to your customers, and optimizing sales territories for sales teams. Read a case study
- By segmenting your market using customer profiles you can see massive improvements in your marketing ROI.: Understanding who is interested in your product and where they are located drives better marketing decisions. For instance we have helped organisation cut their direct marketing list (and associated costs) by more than 60% while increasing the number of responses and the resulting sales. Read a case study
Like to know more or see a proof of concept?
Our data2dollars solution will ensure you unlock the value of the data in your business. To find out more click here to fill out our online form (or simply email us at info@silverstream.biz and we will call you to discuss your needs. Alternatively visit our data2dollars website and read our case studies and white papers or call us on 03 8617 160. |