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A data-driven mindset means that you bring data to decision making
and ...
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...
when an individual or a team/company makes decisions based on data analysis instead of emotion and intuition.
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How to develop a data driven mindset?
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The four steps to developing a data driven mindset....
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Step 1: Apply healthy scepticism to decision making
Step 2: Make room for thinking and collaborating
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Step 3: Embrace failure
Step 4: Increase your team’s data-literacy
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The benefits of guiding your decision making with data ???
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• Cost reduction
• Decrease in rework
• Efficiency
• Customer satisfaction
•Market value
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Companies following DDM concept:
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1. Amazon (retail)
2. Google (technology)
3. Apple (technology)
4. Microsoft (technology)
5. Samsung (technology)
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