Department Management, University of Ottawa, Ottawa, Canada
Mini Review
Data-driven Decision Making: How Analytics are Shaping Modern Management
Author(s): Harahan Lauren*
In today’s fast-paced business environment, organizations are increasingly turning to Data-Driven Decision-Making (DDDM) to enhance their
strategic planning and operational efficiency. This approach utilizes advanced analytics to transform raw data into actionable insights, enabling
managers to make informed decisions. This article explores the concept of data-driven decision-making, the tools and technologies involved and
the impact analytics have on modern management practices. Additionally, we examine real-world examples of successful DDDM implementations
and outline best practices for organizations seeking to adopt a data-driven culture. The findings emphasize that integrating analytics into
management not only improves decision quality but also fosters innovation and competitive advantage... Read More»
DOI:
10.37421/2223-5833.2024.14.564