{"id":35964,"date":"2022-10-24T13:30:30","date_gmt":"2022-10-24T11:30:30","guid":{"rendered":"https:\/\/axveco.com\/?p=35964"},"modified":"2022-10-25T13:11:07","modified_gmt":"2022-10-25T11:11:07","slug":"data-driven-through-the-downturn","status":"publish","type":"post","link":"https:\/\/axveco.com\/en\/data-driven-through-the-downturn\/","title":{"rendered":"Data Driven through the Downturn"},"content":{"rendered":"\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-av_one_full-53b0b300fb3685750664fb085c5ad19d\">\n.flex_column.av-av_one_full-53b0b300fb3685750664fb085c5ad19d{\nborder-radius:0px 0px 0px 0px;\npadding:0px 0px 0px 0px;\n}\n<\/style>\n<div  class='flex_column av-av_one_full-53b0b300fb3685750664fb085c5ad19d av_one_full  avia-builder-el-0  el_before_av_one_full  avia-builder-el-first  first flex_column_div av-zero-column-padding  '     ><section  class='av_textblock_section av-av_textblock-01da66c8a430ece279119bac7dc1a336 '   itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock'  itemprop=\"text\" ><h3>Leading with Data through the Downturn<\/h3>\n<p>The global geopolitical situation has caused many changes in the economy including higher energy prices, inflation and rising interest rates. \u00a0This comes on the back of the Covid-19 pandemic which resulted in many changes in labour migration, workforce reduction and consequently staff shortages during the recovery. \u00a0The OECD and other planning institutions now also forecast a downturn for 2023 due to a complex set of factors.<\/p>\n<p>This downturn is already impacting many markets in developed economies although the effect may not be immediately visible. Consumer behaviour is changing due to concerns about energy bills, interest and the cost of food leading to change in buying trends. Different sectors of the economy are being impacted in different ways depending upon factors such as energy dependence, labour shortage, inability to pass-through rising costs to consumers and other factors.<\/p>\n<p><em><strong>How can being Data Driven help you through the downturn?<\/strong><\/em><\/p>\n<p>It is essential to recognise that a downturn has started and how this impacts your business. \u00a0This requires accurate sensing of changes in the market and how buying patterns and needs are shifting. In order to respond you will need to increase the leverage of human resources and optimise usage of key resources such as fuel, energy, finance and scarce raw materials.<\/p>\n<p>Data, BI and AI have a critical role in helping you lead your organisation through this downturn &#8211; in our (4 minute) video, we highlight four key ways in which being data driven will help you through the downturn.<\/p>\n<div style=\"position: relative !important; padding-bottom: 56.25% !important; height: 0px !important; overflow: hidden !important; max-width: 100% !important;\"><iframe style=\"position: absolute !important; top: 0px !important; left: 0px !important; width: 100% !important; height: 100% !important;\" src=\"https:\/\/player.hihaho.com\/embed\/16877cde-ddd4-41d9-b34c-58167f8d0b68\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/div>\n<\/div><\/section><\/div>\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-av_one_full-53b0b300fb3685750664fb085c5ad19d\">\n.flex_column.av-av_one_full-53b0b300fb3685750664fb085c5ad19d{\nborder-radius:0px 0px 0px 0px;\npadding:0px 0px 0px 0px;\n}\n<\/style>\n<div  class='flex_column av-av_one_full-53b0b300fb3685750664fb085c5ad19d av_one_full  avia-builder-el-2  el_after_av_one_full  avia-builder-el-last  first flex_column_div av-zero-column-padding  column-top-margin'     ><div  class='av_promobox av-l9o3x70f-c3247eb1ddedb75f9dfc849084c8e918 avia-button-yes  avia-builder-el-3  avia-builder-el-no-sibling '><div class='avia-promocontent'><p>\nFind out how to be a Data Driven Leader<\/p>\n<\/div><div  class='avia-button-wrap av-l9o3x70f-5d44f3b8ddf38ae3528b4a4eaccc6ce7-wrap avia-button-right '><a href='https:\/\/axveco.com\/en\/data-driven-leadership\/'  class='avia-button av-l9o3x70f-5d44f3b8ddf38ae3528b4a4eaccc6ce7 av-link-btn avia-icon_select-no avia-size-large avia-position-right avia-color-theme-color'  target=\"_blank\"  rel=\"noopener noreferrer\"  aria-label=\"Data Driven Leadership\"><span class='avia_iconbox_title' >Data Driven Leadership<\/span><\/a><\/div><\/div><\/div><\/p>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":7,"featured_media":35967,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[170],"tags":[296,147,298,320,249],"class_list":["post-35964","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-en","tag-artificial-intelligence","tag-business-model___en","tag-data","tag-data-driven","tag-operational-risk"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.0 (Yoast SEO v28.3) - 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