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 Data Capture – Necessary For Success

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Viestien lukumäärä : 1951
Join date : 08.09.2010

Data Capture – Necessary For Success Empty
ViestiAihe: Data Capture – Necessary For Success   Data Capture – Necessary For Success I_icon_minitimeTo Heinä 14, 2011 5:37 pm

Data and information are the new currencies of the world. Increasingly people are realizing the power of information. In today's competitive market each and every commercial organization needs to earn its edge in whatever way it can. In the earlier years of business proprietors would make decisions based on factors like cost of production and labour required. These days more and more importance is being given to a factor that used to be ignored - you. People have realised the importance of their customers and know that they need to cater to the demands and likes of their customer base if they want to be successful.
Because of this companies are willing to spend money to figure out what you want. They want to know what their client base thinks, what they like, what they don't like as well as what they want. They want to understand their target market and pick up information about their income, potential to spend, the amount of free time they have etc. This information is then used to make policy decisions. For example a company could decide to set the price of a new service based on the potential amount that their clients are willing to spend every month. If they realize that the service is too costly they may make cost cutting changes or even scarp the service all together and save themselves from suffering losses.
Data capture is an excellent way to gather such information and is being used widely by all fields. People fill in a lot of forms like surveys, feedback forms etc. This information is invaluable but taken individually may not mean much to an organisation. The information in these forms needs to be analysed and sorted so that proper inferences can be made from the data collected.
You could collect this data manually or hire the services of a professional data capture company. There are a lot of advantages of hiring a professional company. Chief among them is the fact that they will be able to collect the data a lot more quickly then you would be able to do so. They will also be able to present the data in a form that is easier for you to read and understand. The information collected will be presented to you in reports that have graphs and bar diagrams which will give you a better understanding of your target market. The cost to benefit ration of data capture is also greatly in the favour of benefits. You will gain a lot for a very low cost.



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