Data Driven Decision Making

Question 1

What is data driven decision making?

Answer 1

It is the process of using insights and facts derived from data to make decisions.

Question 2

True of false

In the context of businesses, data should always be built into every business strategy

Answer 2

True

Question 3

To get the most of data driven decision making, one should include

Answer 3

insights from subject matter experts.

they can validate, identify inconsistencies and make sense of grey areas.

Question 4

If data is ignored and one makes decisions based on their own experience, will their decision be:
1. biased and incorrect
2. factual
3. true
4. correct

think from your own experience.

Answer 4

1. biased and incorrect

the best strategy with plenty of time is to be more data driven

Question 5

Fun fact:

Do archeologists mark the likely starting point of statistics as Egypt?

Answer 5

Yes