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How does EarlyBirds help various enterprises implement and benefit from data-driven innovations?

October 07, 2022 04:09 PM AEDT | By Mohammad Zaid
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Highlights

  • EarlyBirds helps businesses tap into innovations in various aspects of data management and analytics globally.
  • Data has been called the oil of the digital era and can be used by organisations to develop an enormous competitive advantage and drive sustainable growth.
  • Organisations that sign up on the EarlyBirds platform get to connect with innovators, early adopters, and subject matter experts in the data industry.

EarlyBirds, a global open innovation ecosystem owner, can help various companies tap into innovations in data collection, storage, and analytics that are currently being worked on by a significant number of start-ups and scale-ups globally.

EarlyBirds believes that organisations that are successful can then make sense of and capitalise on their data. This data is potentially the most critical resource for organisations today and can be used to drive sustainable growth.

Why is data so important?

Data is the oil of the digital era, according to an article published in the Economist in 2017. Data helps organisations get insights into consumer behaviour, which further offers companies controlling such data an enormous competitive advantage.

© 2022 Kalkine Media® | Data Source: EarlyBirds | Image Source: © Chetroni and © Blackboard373 | Megapixl.com

Apart from the external context of business activities, data can boost a business’s output as well as the productivity of its employees in the internal business context.

Seven key characteristics of data

According to a report from McKinsey, some companies allocate 20% of their earnings to the optimisations that they were able to make due to leveraging the data they owned. The same report also highlighted the following seven key characteristics of data.

© 2022 Kalkine Media® | Data Source: EarlyBirds | Image Source: © Chetroni | Megapixl.com  

Leveraging these can lead a business to become truly data-driven.

EarlyBirds – the ideal partner

Organisations that have made a significant innovation in how enterprise data is collected, stored, and analysed can sign up  on the EarlyBirds platform and continue their offerings as innovators.

Individuals and organisations that want to reap the benefits of the numerous innovations that have been curated by EarlyBirds can sign up to the EarlyBirds platform as early adopters. In doing so, they can get insights into global industry innovation capabilities, source, analyse, and curate global innovators for their solutions and other offerings, and furthermore search for and implement innovations in their industry and business functions based on their outcomes for businesses.

Here’s what the EarlyBirds cofounder Mr Jeff Penrose has said about why the EarlyBirds open innovation ecosystem is suitably placed to help companies across the globe in this regard.

© 2022 Kalkine Media® | Data Source: EarlyBirds | Image Source: © Degdoyjaidee | Megapixl.com


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