Startup Funding Espresso – Data-Driven Business Applications

Data-Driven Business Applications Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing. Companies are growing their business using data to drive applications. Here's a list of driven-driven business applications to consider: Streaming services use data to predict what customers want to watch. By using a recommendation engine, they can provide a better quality of service. This works particularly well when the customer needs discovery services before using the product. Recruiting departments are using more data analytic tools to identify the right candidates for the job. One use case is the use of resume screening which searches for keywords on a candidate's resume and matches the job requirements. Advertising departments continue to gather data to better understand and target their audience. This is often used to find the right media outlet for their product. Financial companies use data to match the right funding tool to the right candidate. By looking at credit scores and other data sources, the financial company can determine how much to loan and at what price. Ridesharing services use data to predict how long a ride will take. By capturing data streams from traffic sources and reviewing historical data for the time of day and day of week, the ridesharing service can better estimate the time of a ride. Consider how data can improve your product, sales, or service. Thank you for joining us for the Startup Funding Espresso where we help startups and investors connect for funding. Let's go startup something today. _______________________________________________________ For more episodes from Investor Connect, please visit the site at: http://investorconnect.org Check out our other podcasts here: https://investorconnect.org/ For Investors check out: https://tencapital.group/investor-landing/ For Startups check out: https://tencapital.group/company-landing/ For eGuides check out: https://tencapital.group/education/ For upcoming Events, check out https://tencapital.group/events/ For Feedback please contact [email protected] Please follow, share, and leave a review. Music courtesy of Bensound.