Meaning ● Data-Driven Myopia, in the SMB sphere, denotes a business condition where excessive reliance on readily available, easily quantifiable data leads to neglecting crucial qualitative factors or broader strategic perspectives that guide long-term growth and innovation. A common challenge in automation implementation arises when SMBs fixate on immediate efficiency gains indicated by data, potentially overlooking the impact on employee morale or customer experience which also requires attention. Ignoring external factors, this limited view hinders effective strategic adaptation, particularly with technology adoption, by underemphasizing nuanced insights, customer feedback or market trends, critical for sustained competitive positioning. ● Often, SMBs fall into this trap during rapid implementation, focusing solely on key performance indicators (KPIs) without considering comprehensive business model improvement. Ignoring the significance of tacit knowledge or intuitive decision-making further exacerbates this myopia and this impacts on automation. SMBs can mitigate Data-Driven Myopia through balanced metrics, promoting diverse input, and focusing on strategic vision, while understanding that pure numbers can obscure vital contextual details necessary for robust expansion.
