Why do data-driven decisions matter and how to use them?

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Let's discover the basics of data-driven decision-making.

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▶ Time codes:
00:00 What is data-driven decision-making?
01:04 Why use data-driven decision-making
02:31 Benefits of data analytics approach
03:26 How to implement data-driven decision-making
04:15 Famous companies using data-driven approach
04:43 Contact Jelvix

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▶ About this video:
Data-driven decision-making refers to the decision-making process based on the profound analysis of massive volumes of data and its patterns.

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Disclaimer:
The content in this video is based on company's experience. The primary purpose of this video is to educate and inform. Note that Jelvix is not responsible for the results of advices that were taken without considering individual situation and goals of your business. Jelvix strongly recommends to perform your own independent research before making any critical decisions. If you have a complaint about something or find your content is being used incorrectly, please contact Jelvix.
This video is available for private, non-commercial use only. You may not edit or modify this video.
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Do you think your company needs to implement data-driven decision making? Waiting for your comments!

Jelvix
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i'd like more specific examples of companies how they use this method. i think it would be interesting. thank you for your content !

jiminnovator
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An amazing business opportunity. I like it 🔝

bessieturner
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I know that amazon uses artificial intelligence to analyze user behavior and suggest what they need. The AI understands and assumes what and when you want to order and therefore generates a selection of the most relevant products.

kenadams
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I think that the Data Driven approach is of great benefit to a business at all stages of its development. The only drawback of this method is the cost of supporting the infrastructure. But again, it depends on the size of the business and the amount of data needed. Can you highlight any other disadvantages of this approach?

williamjones
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I really enjoyed this video! I'm a big fan of data-driven decision making, and I thought you did a great job of explaining the different steps involved in the process. I also appreciate the real-world examples you shared.

softcrontechnology
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Why do you think some companies refuse to use data to make decisions ?

DataDecisionMaking