FLODATA ANALYTICS PRIVATE LIMITED

In their own words

Many people imagine entrepreneurs as visionary figures like Steve Jobs, people who build products that most of us don’t even realize we need until they exist. For most startups, this isn’t the case. Even the visionary founders often base their products on proven use cases. Steve Jobs created the iPhone by combining several proven use cases: calling, texting, and listening to music. The interface and design developed to achieve those goals were revolutionary, but the need was proven. Elon Musk pushed electric cars to the forefront by developing a fantastic driving experience, but the need to get from one place to another wasn’t new. Whether you’re aiming to develop the next iPhone, electric car, or project management app, data helps you prove that a problem exists and needs solving, before you begin product development. Once you have a product, making good decisions is key to a startup’s survival. Limited resources mean you can only develop so many features. If unsuccessful, you won’t last long. Time and money are limited and cannot be wasted. You must quickly identify your core users, find more of them, and monetize. The better we are at gathering, processing, and interpreting data, the better our decisions, and the less time and money we waste. Data is about increasing the odds of your startup succeeding.

Written by the company on its public Startup India profile. Not verified by us.