business-insights

Vocabulary Word

Definition

'Business-insights' refers to important and useful information about a company's performance or trends in the industry. Similar to reading a guidebook before visiting a new country.

Examples in Different Contexts

In data analysis, 'business insights' refer to valuable information derived from data analysis to guide decision-making. A data analyst might illustrate, 'Our analysis of customer behavior provides business insights that inform our marketing strategies and product development.'

Practice Scenarios

Tech

Scenario:

The analytics report highlighted the most used features in our application.

Response:

It's time we use these business insights to streamline our application features.

Marketing

Scenario:

Our latest market research underlines a shift in consumer values.

Response:

These business insights certainly highlight the need for a more sustainable marketing strategy.