From williambuck.com: Data-driven decision-making (DDDM) is essential for business success, allowing companies to utilise accurate, timely data to guide their strategic, financial, and operational choices.
Effective data collection from reliable sources, combined with proper interpretation and a focus on 3-way cashflow forecasting, enables businesses to identify growth opportunities, optimize operations, and mitigate risks.
Implementing artificial intelligence and fostering a data-driven culture further enhances decision-making processes and positions companies for sustainable growth.