Computer Information System - Give ten reasoning how data base decision making affect business management?

Question

Question

Computer Information System

- Give ten reasoning how data base decision making affect business management?

business Operations-Management

Answer 1

Answer #1

It is important to have the clear and defined objectives in place which would help in defining the Key Performance Indicators which are most important for the business management
Data collation help in having the right set of considerations to implement the business dashboard for the data management and taking decisions
Data analysis helps in getting those questions included which were not considered earlier
Right ways of data collection for the unanswered questions (either internally or externally)
Extraction of the meaningful information or insights and reviewing of analytical reports help in decision making
The data need to be revisited again and again to have the right set metrics in place
Data need to be presented in a very meaningful way so that it conveys the right message (e.g. by having on line dashboard or use of data visualization tool)
Have the data based decision making in place helps to set the goals which can be measured , which in turn help to take decision based on the vision and mission of the business
It helps is examining the data based decision making process

Answer 2

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