Data-Informed Decisions
Let data guide your strategic decisions.
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Discover the entrepreneurial edge with these 8 hard-hitting strategies. The entrepreneurial journey is one of the most rewarding and challenging paths one can choose. Be brave, be curious, be persistent!
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Similar ideas to Data-Informed Decisions
Made Up Data
- Data can be easily made up to serve ulterior motives, which are far from the truth.
- Biased data finds its way out and is generally passed around as facts.
- Some critical thinking and skepticism are required before any data is accepted for making decisions.
Decisions
- Make decisions often and learn from them.
- When experiencing a problem, ask yourself, “What’s good about this? What can I learn from this?”
- Stay committed to your decisions, but stay flexible in your...
There are two types of data
- Raw, unstructured data, consisting of numbers or lines of code.
- Processed data, which is raw data that has been cleaned, organized and transformed into information (i.e., knowledge).
Raw data is unusable, while processed data is key to driving business decisions.
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