Is Schema a Ranking Factor in SEO

You have heard a lot about Schema and how they can give magical results in SEO but there are others who did not see any results. So what is the real truth about adding schema? Does it really help in SEO or ranking higher on SERPs?  Or is it just limited to some small wins like a better click-through rate (CTR) when you add review schema or FAQ schema? Let us find where is the missing link. Follow me on Twitter: https://www.twitter.com/navdeepsoni