Collect, analyze and use the data to improve the processes and the product

Data-driven decision making means to make organizational decisions based on actual data rather than mere intuition or observation alone. Decision making can sometimes be a complex process involving multiple inputs, their interpretations and sometimes subjective as well. But how to make Effective data-driven decisions? Here are some noteworthy tips.

1. Be clear on organisational goals 

Management must be crystal clear and aligned toward the organizational goals. The problems that may occur must be identified proactively with an accurate solution to get at par. Having clarity on goals helps in collecting the relevant data to reach those goals quickly and efficiently. 

2. Identify the data sources 

Before collecting the data, the sources must be verified. The accuracy, and reliability of the data ensures good results in total quality management initiatives. Moreover, the employees should be competent enough to analyse the authenticity of the data.

3. Organise the data 

Every data may not be correct or not worthy to be implemented in the organisation. Before actual implementation, the data needs to be segregated, organised and analysed for an effective decision-making process.