Assignment: Depending on Data
Week 1 discussion Relying on Data The discussion assignment provides a forum for discussing relevant topics for this week on the basis of the course competencies covered. For this assignment, make sure you post your initial response to the Discussion Area by the due date assigned. To support your work, use your course and text readings and also use the South University Online Library. As in all assignments, cite your sources in your work and provide references for the citations in APA format. Start reviewing and responding to the postings of your classmates as early in the week as possible. Respond to at least two of your classmates’ initial postings. Participate in the discussion by asking a question, providing a statement of clarification, providing a point of view with a rationale, challenging an aspect of the discussion, or indicating a relationship between two or more lines of reasoning in the discussion. Cite sources in your responses to other classmates. Complete your participation for this assignment by the end of the week. Tasks In order for data to be reliable there are several conditions that need to be met—accurate, timely, and complete. Share an example of when you had to make a decision using data that were not accurate, timely, or complete.Why Data Driven Decision Making Is Important? The importance of data indecision lies in consistency and continual growth. It enables companies to create new business opportunities, generate more revenue, predict future trends, optimize current operational efforts, and produce actionable insights.Data–driven. When a company employs a “data–driven” approach, it means it makesstrategic decisions based on data analysis and interpretation. … DataDemocratisation: The process of democratising data means making data accessible to as many people as possible within a company.
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