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September 10, 2025Pranjana The Journal of Management Awareness0 citations

Challenges of implementing data-driven strategies in small businesses

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UTUmang Tandon

Key Points

  • Implementing data-driven marketing improves customer engagement and decision-making for small businesses.
  • Challenges include tight finances, lack of knowledge, and poor data infrastructure hampering progress.
  • Analysis of prior research and real-life case studies identifies practical tactics for successful implementation.
  • The approach provides a clear roadmap to leverage data analytics, aiming to enhance overall business performance.

Abstract

AbstractIn today's competitive landscape, data-driven marketing offers businesses insights that can lead to better decision-making, improved customer engagement, and increased efficiency. However, putting data-driven initiatives into practice presents unique difficulties for small organisations, such as tight finances, a lack of internal knowledge, poor data infrastructure, and privacy issues. These challenges might make it complicated for them to leverage data for efficient marketing. This paper considers these challenges and discusses possible strategic solutions that will help them overcome them. Using an analysis of prior research and real-life case studies, this article identifies practical concepts and tactics small businesses may employ to successfully implement data-driven marketing. Using an analysis of prior research and real-life case studies, this article identifies practical concepts and tactics small businesses may employ to successfully implement data-driven marketing. This paper provides small businesses with a solution to hold a data-driven marketing gain an advantage. This paper also presents both the challenges and solutions and gives a clear roadmap for using data analytics to enhance customer satisfaction and overall business performance.

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Cite This Study

Umang Tandon (2024) studied this question.

synapsesocial.com/papers/68c1dda954b1d3bfb60fc95chttps://doi.org/10.5958/0974-0945.2024.00010.7
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