BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -What is data-driven decision-making? Data-driven decision-making (DDDM) is defined as using facts, metrics, and data to guide strategic business decisions that align with your goals, objectives, and initiatives.

Detailed explanation-2: -Data-driven decision making is the process of collecting data based on your company’s key performance indicators (KPIs) and transforming that data into actionable insights. This process is a crucial element of modern business strategy.

Detailed explanation-3: -A business intelligence strategy is a data-driven approach to making decisions that are informed by data analytics to drive changes in organizations. Business intelligence systems and analytics help organizations to collect valuable data, store it, and analyze it to generate actionable insights.

Detailed explanation-4: -Decision-making based on Data Analytics is a “new” form of management that allows us to respond more effectively to these threats and opportunities, increasing management’s confidence and significantly improving the value creation capacity of the company.