Residential Magazine

How you engage with data is far more important than your AI budget

Business intelligence tools need to help you think differently, move faster and stay ahead

By Scott Schang

Every business is operating in a data-saturated environment. Despite this, executives are increasingly finding themselves in a paradoxical situation: drowning in information while starving for actionable intelligence.

Despite significant investments in business intelligence (BI) platforms, analytics tools and artificial intelligence-powered dashboards, many organizations struggle to translate this wealth of data into a meaningful competitive advantage.

The uncomfortable truth is that traditional business intelligence often fails to deliver on its core promise. Why? Because most business intelligence tools operate within industry feedback loops — aggregating market trends, borrower sentiment and operational metrics that everyone in your industry is already tracking.

If your competitors have access to the same reports, trends and industry benchmarks, how do you gain an edge? The answer is troubling: you don’t. You end up making the same strategic moves as everyone else, ensuring your business merely keeps pace rather than pulls ahead.

Unchallenged assumptions

The higher you rise in an organization, the fewer people you have to challenge your ideas, test your assumptions or provide raw, unfiltered insights. This is a real problem. Most leaders deal with this challenge by relying on a problematic triad of decision-making tools:

  • Past experience, which may not apply to the current problem;
  • Gut instinct (useful, but not scalable or measurable);
  • Curated reports (often filtered to confirm existing narratives).

This isolation creates dangerous blind spots — strategic decisions made without a rigorous process for testing ideas, uncovering risks or exploring alternative strategies. In today’s rapidly evolving market landscape, blind spots can quickly become existential threats.

Underutilized tools

Perhaps the most significant missed opportunity lies in how organizations currently utilize artificial intelligence. Most businesses dramatically underestimate AI’s potential, treating it as merely a digital assistant that can fetch reports or summarize data.

What they’re missing is AI’s capacity to function as a strategic co-creator — a system that can challenge assumptions, refine ideas and help executives think more effectively about their business. The power of AI isn’t in giving quick answers; it’s in helping you ask the right questions.

The most successful organizations aren’t just using AI to process information; they’re training AI to be a companion that enhances their decision-making processes.

Filtered feedback

Another critical flaw in traditional business intelligence approaches is an over-reliance on curated feedback. Most companies base their strategy on Google reviews, internal net promoter score surveys and industry sentiment reports. 

The problem? These sources are heavily filtered, which can create an illusion of success. A company with only five-star reviews isn’t necessarily perfect — it’s just managing its public perception well. 

Meanwhile, real, unfiltered consumer conversations on platforms like Reddit, open forums, and social media communities reveal the pain points, frustrations and unmet needs that are shaping borrower expectations before they become mainstream trends. Companies that mine these insights in real-time gain a clearer view of the market’s future, while those relying solely on curated feedback continue to react too late.

Misinterpreted signals

The core challenge for most organizations isn’t a data problem — it’s an execution problem. Companies typically possess vast amounts of customer feedback, performance metrics and market trend data, but lack systems to translate that information into strategic moves.

The difference between an overwhelmed company and a market leader is the ability to identify signals in the noise — distinguishing real trends from fleeting chatter. The best companies spot competitive weaknesses — leveraging AI to analyze competitor reviews and find gaps.

Companies that succeed can predict risks before they materialize — using AI-powered sentiment analysis to detect shifts. These companies move faster than the competition — translating data insights into real business decisions.

Missed opportunities

When executives realize they’re not getting the insights they need, common responses include investing in more sophisticated business intelligence software, relying more heavily on internal experts or using AI merely for basic automation. Yet, these approaches often fail to address the fundamental issues.

More BI tools don’t create insights — people do. Simply adding another dashboard doesn’t change how decisions are made, particularly when these tools are pulling from the same industry sources as competitors, meaning businesses aren’t gaining a unique advantage.

Similarly, relying solely on internal expertise creates an echo chamber effect, where teams recycle the same strategic thinking without challenging assumptions or incorporating outside perspectives. Past success doesn’t guarantee future relevance, especially in industries disrupted by AI, changing consumer behavior and new competitors.

And when it comes to AI implementation, using this powerful technology merely for automation represents a profound missed opportunity. The biggest misuse of AI is treating it like a search engine — asking it a question and expecting a simple response — rather than using it as a co-creator that helps explore different strategic directions.

The businesses that will thrive in the coming years aren’t those with more data, fancier dashboards or even the biggest AI budgets. They’ll be the ones that fundamentally transform how they engage with information — leveraging AI as a true companion for strategic decision-making, uncovering deeper insights from unfiltered sources, and translating those insights into decisive competitive moves.

Moving deeper into the AI era, the question isn’t whether your business has intelligence — it’s whether that intelligence is helping you think differently, move faster, and stay ahead of competitors who are looking at the same data you are.

Author

  • Scott Schang is a mortgage originator and owner of the website Find My Way Home, where hundreds of loan officers get matched up with borrowers who seek a second opinion on a new mortgage. He has been a mortgage originator since 1998 and started his first consumer-direct website in 2007 to help provide answers for online consumers with questions about qualifying for a mortgage after the 2008 real estate crash. Find out more at findmywayhome.com.

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