data-driven-decision

Vocabulary Word

Definition

A 'data-driven decision' is a choice made based on hard facts and numbers. It isn't a guess or a feeling, but something proven by the details. It's like choosing a restaurant based on its rating and reviews, not just the look of its menu.

Examples in Different Contexts

In environmental conservation, a consultant might note, 'Our reforestation projects are directed by satellite imagery data,' pointing to data-driven decisions in ecological efforts.

Practice Scenarios

Business

Scenario:

We are considering entering the Asian market. Let's conduct thorough market research first.

Response:

Absolutely. Let's compile as much data as possible and make a data-driven decision on our market entry.

Creative

Scenario:

We need to increase user engagement with our app. Do we have any recent data on what features our users prefer?

Response:

That's a great suggestion. We can do A/B testing and make a data-driven decision on the most engaging elements.