
Data-Driven Decision Making: Leveraging Analytics for Business Growth
Introduction: In today's fast-paced and competitive business environment, data-driven decision-making (DDDM) has emerged as a critical strategy for achieving sustainable growth. Indian School of Business and Finance, by leveraging analytics in businesses can gain valuable insights, optimize operations, and drive innovation. This article explores the importance of data-driven decision-making, its benefits, and how it can be effectively implemented, recognised from the b.sc business and management course in delhi. Understanding Data-Driven Decision Making Data-driven decision-making involves using data analysis and interpretation to guide business decisions and strategies. Unlike traditional decision-making, which relies on intuition and experience, DDDM uses empirical evidence and statistical analysis to make informed decisions. This approach enhances accuracy, reduces risks, and uncovers opportunities for growth. The Role of Analytics in Business Growth Analytics plays a pivotal role in transforming…