From the course: Introduction to Business Analytics
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How can data drive my decisions?
From the course: Introduction to Business Analytics
How can data drive my decisions?
- Data can help you uncover trends and important information that will lead you to the right decision. Making decisions with a level of uncertainty is just a fact of doing business. Wouldn't it be great if you had a crystal ball to show you the future? Well, we don't live in a fairy tale but there is one solution that can help you bring clarity to an often murky world of decision making. In lieu of that crystal ball, you can turn to data. Studying data effectively helps you identify trends that aren't relatively visible day to day. And data affords you the chance to intervene before these small issues turn into major problems. If you become great at data analysis, you can look at the 5,000 foot view of your organization and drill down into the finer details when something looks off or isn't quite hitting your goals. The most effective way to get this dual view of your organization is to create an effective reporting or…
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