Turning data into valuable information
Monday, July 23rd, 2007There are many elements in building Loyalty that are critical to success. Some of these include a compelling business model, offering something of value, building trust and more. One of the key ideas that is often seen as the holy grail in Loyalty is data. There are terabytes of data available with so much of it sitting idle because companies don’t know what to do with it. Turning data into information, and actionable information at that, is the difference between a successful Loyalty program and an also ran. (more…)