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Advancing the Concepts & Practices of Information Resources Management in Modern Organizations

Data-Driven Decision Making

Data-Driven Decision Making
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Copyright: 2024
Pages: 23
Source title: Holistic Approach to AI and Leadership
Source Author(s)/Editor(s): Hesham Mohamed Elsherif (Independent Researcher, USA)
DOI: 10.4018/979-8-3693-2695-4.ch004

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Abstract

In the information age, the evolution of data-driven decision-making (DDD) has transformed the approach to leadership and organizational strategy. Historically rooted in intuition and conventional wisdom, decision-making processes have shifted towards empirical evidence and analytics, a change catalyzed by advancements in computing and the proliferation of data. This shift is evident from ancient civilizations to the modern digital era, where data collection and analysis have progressively influenced governance, manufacturing, and business operations. The integration of big data, AI, and machine learning in the 21st century further emphasizes the need for a systematic approach to harness insights for strategic and operational decisions.

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