Question

Data helps in decision making.​

Answer 1

Answer:

• The importance of data in decision lies in consistency and continual growth. It enables companies to create new business opportunities, generate more revenue, predict future trends, optimize current operational efforts, and produce actionable insights.

Answer 2

Answer:

. Analyzing data to find the questions that need answers lets you focus on responding to customer needs. By reducing or eliminating bias in decision-making, you can let the data speak for itself; you can discover more and better opportunities.Data-driven decision making (or DDDM) is the process of making organizational decisions based on actual data rather than intuition or observation alone. Every industry today aims to be data-driven.