From the course: Introduction to Business Analytics (2020)
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How can data drive my decisions?
From the course: Introduction to Business Analytics (2020)
How can data drive my decisions?
- Making decisions with a level of uncertainty is just a fact of doing business. Wouldn't it be great if you had a crystal ball that could show you the future? Well, we don't live in a fairy tale. But there is one solution that can help you bring clarity to the often murky world of decision making. In lieu of a crystal ball, you can turn to data. Studying data effectively helps you identify trends that aren't readily visible in your day to day grind. And can afford you the chance to intervene before small issues turn into major problems. If you become great at data analysis, you can look at the 5,000 foot view of your organization, and then drill down into the finer details when something doesn't look right or you aren't hitting your goals. The most effective way to get this dual view of your organization is to create effective reporting and dashboards. Software like Tableau and Power BI affords you the ability to not only…
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