Data-driven decision-making
Data-driven decision-making refers to the systematic use of data to guide strategic, operational, or technical decisions. Rather than relying solely on intuition or past experience, this approach emphasises the collection, analysis, and interpretation of relevant information to support objective and transparent choices.
This method can draw upon structured and unstructured data sources, including:
- Sensor outputs from industrial machinery
- Market intelligence and customer analytics
- Operational performance metrics
By leveraging such data, organisations can:
- Identify patterns and predict outcomes
- Optimise processes and resource use
- Improve quality, safety, and overall performance
In industrial contexts, real-time analytics may help detect anomalies, forecast maintenance needs, reduce downtime, and support continuous improvement. Effective implementation requires reliable data infrastructure, analytical tools, and a culture that values measurable results and continuous learning.
See also: IoT