"data-driven business" is correct and can be used in written English.
You could use it when referring to businesses that make decisions based on analyzing data from various sources. For example, "Many companies are turning to a data-driven business model to gain a competitive edge in today's market."
Today, as Mr. Odenweller's screens suggest, QVC is a much more data-driven business.
Another innovative data-driven business is Integrated Transport Planning ITPP) a specialist consultancy on integrated, sustainable transport planning and research, with operations in Birmingham, Nottingham and Milton Keynes.
Experts at GP Bullhound, an investment banking firm, suggest the future of big data in a new report, entitled 'Extracting Insights from Exabytes', released today: We believe the analytics market is entering a new era, where technology is capable of supporting data-driven business, in real-time.
Unlike its Korean competitors, Whirlpool hasn't embraced the Amazon lesson: that the way to win in a data-driven business is to push prices as low as possible in order to build your customer base, enhance data flow, and cash in in the long-term.
But venture capitalists seem to like the numbers they have seen which makes The Climate Corporation yet another example of VCs moving away from social media start-ups and warming up to more sustainable business-to-business ventures, says Niko Waesche, the author of a book on data-driven business models.
Independent analysts claim the move into a new market is a significant step in Tesco's data-driven business and will enable the supermarket giant to significantly add to its giant data pool with the behaviour and insights of more than 16m regular loyalty card holders already on its files.
In a similar way, the government invites both data holders and new data-driven businesses to get involved in promoting the open data revolution.
But, he adds, he wants both "data holders" in government and new data-driven businesses to "promote the open data revolution".
Industry is a broad and varied category, of course, covering everything from cement and chemical makers, which emit an enormous amount of carbon dioxide, to data-driven businesses like financial services, which emit little by comparison.
"However, the report failed to identify the commercial surveillance complex that has been put in place by Google, Facebook, and many other data-driven businesses … Indeed, we are concerned that the report may give a green light to expanded data collection, where the principle is 'collect first and worry about privacy and consumer protection later'".
As Maude said during a visit to Birmingham on 14 March to announce the publication of around 30 case studies of data-driven businesses in fields including transport, health and life sciences, open data is the raw material of the new industrial revolution.
