Due to the recent growth and advancement in modern technology, data-driven decision making has become a crucial part and parcel of most businesses. Data-driven decision making entails making decisions that are backed up by hard data rather than making decisions which are only based on observation. It is applied in various fields such as health care or medicine, the manufacturing industries, and in the transportation industry.
The process of data-driven decision making is also known as data-based decision management. The idea of data-driven decision making that every decision regarding data should be generalized from the main information sets that show their effectiveness and performance.
Check out this Infographics for the strength of AI- Driven Decision-making.
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