The Advantages of Data-Driven Decision-Making | HBS Online
https://online.hbs.edu/blog/post/data-driven-decision-making
What Is Data-Driven Decision-Making?Examples of Data-Driven Decision-MakingBenefits of Data-Driven Decision-MakingHow to Become More Data-DrivenUsing Data to Answer Critical Questions1. You’ll Make More Confident DecisionsOnce you begin collecting and analyzing data, you’re likely to find that it’s easier to reach a confident decision about virtually any business challenge, whether you’re deciding to launch or discontinue a product, adjust your marketing message, branch into a new market, or something …2. You’ll Become More ProactiveWhen you first implement a data-driven decision-making process, it’s likely to be reactionary in nature. The data tells a story, which you and your organization must then react to. While this is valuable in its own right, it’s not the only role that data and analysis can play within your busines…See more on online.hbs.eduEstimated Reading Time: 9 mins 1. You’ll Make More Confident DecisionsOnce you begin collecting and analyzing data, you’re likely to find that it’s easier to reach a confident decision about virtually any business challenge, whether you’re deciding to launch or discontinue a product, adjust your marketing message, branch into a new market, or something … 2. You’ll Become More ProactiveWhen you first implement a data-driven decision-making process, it’s likely to be reactionary in nature. The data tells a story, which you and your organization must then react to. While this is valuable in its own right, it’s not the only role that data and analysis can play within your busines…
1. You’ll Make More Confident DecisionsOnce you begin collecting and analyzing data, you’re likely to find that it’s easier to reach a confident decision about virtually any business challenge, whether you’re deciding to launch or discontinue a product, adjust your marketing message, branch into a new market, or something …
2. You’ll Become More ProactiveWhen you first implement a data-driven decision-making process, it’s likely to be reactionary in nature. The data tells a story, which you and your organization must then react to. While this is valuable in its own right, it’s not the only role that data and analysis can play within your busines…
DA: 41 PA: 81 MOZ Rank: 62
