A business is successful if it is able to understand customer needs, offer solutions, and remain profitable. For a business to achieve this balance, it needs continuous market research. Businesses often dismiss the important aspect of market research when developing plans and strategies.
Gone are the days when marketers prepared marketing campaigns for untargeted masses. The digital age has widened the spectrum that now allows data-driven approach in terms of marketing. According to Forbes Insights, companies that use data-driven marketing are 55% more successful.