The role of Data and Analytics in Decision Making

Time has gone when decision making has to be more rational than compassionate, even for religious projects; reason is the key attribute towards achieving vital blessings.

It should be noted that, it doesn’t matter whether one is top investor, the oldest brand , the most invested in venture, the most educated professor, the leading company, the most competitive innovation, the most progressive group of companies, and the most motivated entrepreneur , failure to appreciate the role of Data and analytics in all that is being done, it is working blind about everything.

Business development, Project plans, Venture capital Investments, Strategy adoption, and Real Progress can only become of great value when backed up by data.  Truth is, Sometimes Business it making all the desired profits, but because of the too many personal challenges, all the chances are wasted in working to please personal stability hence business and project failure. Sometimes Changes are greatly needed in one attribute of the business, project, or venture , but because there is no valid eye on market trends, Risks, and general Project Key performance indicators , we end up promoting  personal tributes yet ignoring project and business attributes.

Investing in Data and analytics it helps in keeping our minds progressing with the progress at hand in the business, Projects and venture. It gives the business owner, project manager, and granter the most accurate vital information to rely on, it instills team discipline, it creates business stability in terms of Plan and Strategy , it helps in empowering the Project teams with tools of innovations as to what, why, for who  and when to innovate in the business, and it is a medicine to work place Drama.

If you must think of progress, evaluate current trends and you will be helped to anticipate the future.

Through Data and analytics many times we’re helped to compare variables/Issues, draw conclusions on vital project attributes, forecast future crisis and initiate future strategies early enough, and as well as having the ability to think right all the time.

Qualitatively it is easy to create links between concepts and concludes objectively, Quantitatively it is easy to evaluate hypotheses and empirically draw justifiable conclusions.

Note. For all Your market Research, Project baseline studies, Project Evaluations, Feasibility Analysis, Or data Analysis and project Traceability  solutions (Services). Call +256700191371/+256783723216 [email protected] /[email protected]

Regards .

William Sebunje

Research, Data And Analytics Expert/ Founding Director, WSA Innovations

Kampala, Uganda , +256700191371/+256783723216

[email protected] / [email protected]  date 30th/05/2022