business leaders

Almost Quarter of Entrepreneurs Still Rely on “Gut Instinct” Despite Power of Data

UK business owners who align their firm’s strategy to data state it gives them a competitive edge Only 23% of UK businesses use data technology to make effective business decisions, despite 44% of entrepreneurs considering it to be an important influence in giving their firm a competitive edge, according to a recent survey. The survey, which featured 600 businesses, found that although nearly half of the respondents are aware of the potential in utilising data, only 40% believe that their business is effectively doing so. The research also shed light on what were the main barriers to businesses owners’ adaptation of data analytics; lack of knowledge in the area and an inability to distinguish what was important due to excessive sources and types was named as the biggest challenge, followed... »

UK SME Leaders Challenge Traditional Business norms

UK small businesses are challenging the traditional norms of doing business successfully according to a survey of 1,500 owners and senior managers of small and medium enterprises (SMEs) released by T-Mobile. The research identifies a range of business conventions challenged by business leaders across the UK. Traditionally accepted ideas of what constitutes business success, are increasingly being challenged with 58% claiming the amount of staff in the business can no longer be considered a benchmark of success. While more than a third (39%) disagree with the idea that the size, design and location of your office reflects the success of your business, suggesting a shift to alternative ways of operating as mobile working becomes increasingly prevalent. A clear majority (94%) of business lead... »