What impact has the pandemic had on the role of data in your company / organisation?
The pandemic – and the way that recovery has been phased and uneven across geographies – has been a huge accelerator. That’s logical. The business context has changed so radically that business intuition created pre-pandemic can no longer be relied on to the same extent as before, and robust data becomes critical to decision making across the total value chain. For a consumer goods company that sits at the forefront of changing in consumer trends, shopping behaviors and retail channels, that’s been further exacerbated.
The pandemic has accelerated digital transformation across the globe, bringing new opportunities to reach consumers, engage employees and drive efficiency and sustainability. So data has played a crucial role in ensuring the continuity of business across Europe throughout the crisis.
For example, we’ve used store data (we call this StoreDNA) extensively throughout the pandemic to focus our sales teams on outlets that we know are open for business and that we can predict will see growing sales due to changing shopping patterns, for example due to staycation or home working trends.
The net impact of the pandemic is that business leaders have become much more receptive to leveraging data tools. That’s a trend that won’t be reversed as we return to “normal”.