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Data is the Silver Bullet for Your Business in a Slow Economy

Economic uncertainty can create gaps in your business strategy. Here's why data must be part of the solution

ByChristal Bemont

Opinions expressed by Entrepreneur contributors are their own.

History has shown that the greatest weapon againstuncertainty is information. During the pandemic, companies with a strong understanding of their business — from their customers to their suppliers, based on their ability to wrangle data effectively — fared significantly better than others.

Now, understanding your business on both a microscopic and holistic level is more critical than ever. As the threat of potentially tougher times looms, information must be treated as thecentral toolin leading a business through the storm.

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