Datadriven decision-making can lead to better outcomes from "summary" of Reinventing Capitalism in the Age of Big Data by Viktor Mayer-Schönberger,Thomas Ramge
Data-driven decision-making is a key principle in the age of big data. By harnessing the power of data, organizations can make informed choices that lead to better outcomes. Instead of relying on gut feelings or intuition, decision-makers can turn to data to guide their strategies. This approach allows for more accuracy and precision in decision-making, reducing the likelihood of errors or biases influencing the outcome. One of the main advantages of data-driven decision-making is its ability to uncover patterns and trends that may not be apparent through traditional methods. By analyzing large datasets, organizations can gain valuable insights into customer behavior, market trends, and competitive landscapes. This information can then be used to inform strategic ...
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