As I have been creating analytic reports for GNW merchants and of our in-house use, I have started to become obsessed with feedback. Collecting data about what are doing and being able to interpret the meaning beyond it is ridiculously insightful. I've been collecting data for various purposes, but the feedback loop is pretty much useful for any business or life scenario.
Simple example: People who track their workout habits; how much they lift, how many reps, how they felt... as well as what and when they eat are able to look back at what they did, establish trends of what is making them stronger and what sets them back. Maybe a weekend of partying or something, but I wouldn't know anything about that. Anyway, the point is that tracking the numbers and your habits makes it easier to eliminate counterproductive activities and identify what actions work the best. Tracking personal spending is another good example.
Whether its using analytics software or just monitoring habits in an effort to get better, a good feedback loop will always lead positive changes and continuous improvement.
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