Leveraging data and analytics for decisionmaking from "summary" of The Innovator's Solution by Clayton Christensen,Michael Raynor
As managers seek to make decisions that will improve their companies' chances of success, they often rely on their experience, intuition, and judgment. While these qualities are undoubtedly valuable, they are not always sufficient. In today's complex business environment, it is becoming increasingly important to leverage data and analytics for decision-making.
Data and analytics can provide valuable insights that go beyond what individual managers can see or understand. By analyzing data from various sources, companies can uncover patterns, trends, and correlations that can inform their decision-making process. These insights can help managers identify opportunities, assess risks, and make more informed strategic choices.
In the book 'The Innovator's Solution', the authors emphasize the importance of using data and analytics to drive decision-making. They argue that companies that are able to effectively leverage data and analytics are more...
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