The world is being with data. The content you read, the videos you watch, the updates you post, and the products you buy. By 2021, new information generated per second for every human being has reached 1.7 megabytes. Considering there are over 7.7 billion people on the planet, the amount of new information is equivalent to more than 25,000 hour long videos. Per second! All of our digital behaviour is recorded. But for many companies, this data sits in dashboards and databases, never to be used. The good news is that instead of letting your data, degrade, you can use it for your business growth strategy to make better decisions.
Instead of going with a strategy you think is best, Data-Driven Decision Making is a strategy that uses data to inform business decisions. Referred to as DDDM, you group together historical information to analyze trends and make decisions for the future based on what’s worked in the past. Companies that embrace DDDM position data at the core of every decision they make. In business, there is always an element of risk, but data-driven decision make you less vulnerable to risky decisions going wrong.
Contents –
1. Disruption
2. Business Analytics Pre-requisites
3. Business Analytics Ecosystem
4. Data Lifecycle Management
5. Requirements Gathering
Solved Model Question Papers
Last Minute Revision
