Which of the following activities are elements of data-driven decision-making? Select all that apply.1 pointExclude information that is based on human intuitionRequest observations from subject-matter expertsDefine the business needFind relevant data
Question
Which of the following activities are elements of data-driven decision-making? Select all that apply.1 pointExclude information that is based on human intuitionRequest observations from subject-matter expertsDefine the business needFind relevant data
Solution
The elements of data-driven decision-making from the options provided are:
- Define the business need
- Find relevant data
While subject-matter experts can provide valuable insights, their observations are not always based on data, but can also be based on experience and intuition. Therefore, "Request observations from subject-matter experts" is not necessarily an element of data-driven decision-making.
"Exclude information that is based on human intuition" is also not an element of data-driven decision-making. While data-driven decision-making emphasizes the use of data, it does not necessarily exclude all information based on human intuition. Rather, it seeks to balance intuition with data.
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.
he ability to collect, analyze, and interpret data is highly sought after in various industries. Data-driven decision-making is becoming increasingly important.
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
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