Which of the following activities are elements of data-driven decision-making? Select all that apply.1 pointRequest observations from subject-matter expertsDefine the business needFind relevant dataExclude information that is based on human intuition
Question
Which of the following activities are elements of data-driven decision-making? Select all that apply.1 pointRequest observations from subject-matter expertsDefine the business needFind relevant dataExclude information that is based on human intuition
Solution
The elements of data-driven decision-making from the options provided are:
- Define the business need
- Find relevant data
These activities are crucial in data-driven decision-making as they involve identifying the problem or goal (defining the business need) and gathering the necessary data to make informed decisions (finding relevant data).
Requesting observations from subject-matter experts and excluding information based on human intuition are not typically considered elements of data-driven decision-making. While expert input can be valuable, data-driven decision-making primarily relies on empirical evidence gathered from data analysis. Similarly, while human intuition can sometimes be useful, data-driven decision-making focuses on decisions based on data, not intuition.
Similar Questions
elements of data-driven decision-making?
Fill in the blank: _______ are an important part of data-driven decision-making because they are people familiar with the business problem and can offer insight into the results of data analysis.
Which of the following examples demonstrate data-driven decision-making? Select all that apply.1 pointA grocery store polls customers about their brand preferences, then uses the survey results to determine which items to stock.A manufacturing company uses documented information about production processes to improve efficiency.A hospital uses statistics in health records to identify patients who may be at risk for certain diseases.A financial institution asks bank tellers for their personal impressions about customers.
Question 5Sharing your results with subject matter experts and gathering and analyzing data are carried out in data driven-decision-making. What else is included in this process?1 pointIdentification of trendsSurveying customers about results, conclusions, and recommendationsDrawing conclusions from your analysis. Determining the stakeholders
he ability to collect, analyze, and interpret data is highly sought after in various industries. Data-driven decision-making is becoming increasingly important.
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