Data-Driven Decision Making

Data-Driven Decision Making

Future Tech Definition: Data-Driven Decision Making is an approach to making informed decisions based on data analysis and insights. It involves using data as a primary driver in the decision-making process, relying on data collection, analysis, and interpretation to guide choices and actions. Data-driven decision making aims to reduce reliance on intuition or guesswork by leveraging empirical evidence and quantifiable data to inform and validate decisions. It involves defining key metrics, establishing data-driven processes, fostering a culture of data literacy, and using analytical tools and techniques to generate insights and support decision-making at various levels within an organization.