Search the World's Largest Database of Information Science & Technology Terms & Definitions
InfInfoScipedia LogoScipedia
A Free Service of IGI Global Publishing House
Below please find a list of definitions for the term that
you selected from multiple scholarly research resources.

What is Data-Driven Decision-Making

Data-Driven Business Intelligence Systems for Socio-Technical Organizations
Data-driven decision-making is the practice of basing business decisions on empirical evidence and data analysis rather than intuition or gut feeling. It involves using data to inform and validate strategic choices.
Published in Chapter:
Synergizing Success: Harnessing AI-Infused Business Intelligence to Propel Exponential Business Growth
Princi Gupta (JECRC University, India)
DOI: 10.4018/979-8-3693-1210-0.ch005
Abstract
In business, AI and BI convergence fuels growth and innovation. This chapter probes this union. It delves into intricate AI integration with BI, catalyzing digital-era expansion. Contextualizing this, it addresses shifting decision paradigms. AI's predictive might, coupled with BI's tools, offers a holistic perspective. Strategic blueprints underpin AI-BI integration, detailing systematic approaches from data to deployment. Real-world cases illuminate symbiosis. Amid discourse, strategic considerations align objectives and optimize value. The chapter underscores AI-BI's potential and strategic urgency, urging AI investment, data culture, and collaboration. Examining AI-infused BI applications, it touts real-world advantages while tackling data alignment challenges. The chapter empowers leaders, managers, technologists to architect AI-BI synergy, redefining success amid evolving industries. Embracing data, it charts the course to prosperity, innovation, growth.
Full Text Chapter Download: US $37.50 Add to Cart
More Results
From Fields to Satellites: Revolutionizing Millet Cultivation for Sustainable Yields
The practice of using data, often obtained through monitoring techniques, to inform and guide decisions related to millet cultivation, enhancing productivity and sustainability.
Full Text Chapter Download: US $37.50 Add to Cart
Effective Data Use in Online Learning Environments: Ensuring Continuous Improvement of Student Learning
The systematic, preplanned use of assessments by instructors/teachers to collect, organize, and analyze data on student learning followed by the implementation of instructional changes.
Full Text Chapter Download: US $37.50 Add to Cart
eContent Pro Discount Banner
InfoSci OnDemandECP Editorial ServicesAGOSR