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Data silos are a major

Role of Data in Decision


hurdle to creating the Is New Data Needed
Making
desired gold standard
of current business: a
data-driven
organization, where
each decision in the
Research Foundation • Clearly defined
business benefits from
and Fundamental concepts, constructs,
data in a consistent,
organizationwide variables, methods,
manne and procedures. •
Empirically testable
hypotheses: a way
exists to gather
evidence that directly
1. Clarify the research
supports/refutes any
question. 2. Design the
hypothesis. • Direct
research. 3. Collect Research and Scientific
The Research process observation of
and prepare the data. Method
phenomena (facts). •
4. Analyze and
Conclusions drawn
interpret the data. 5.
from statistical
Report insights and
evidence rather than
recommendations.ma
inferred justification
nne
(educated guesses). •
The self-correcting
process: ability to
replicate and reassess
validity of conclusions.

Dependent
Independent Operational
Variabel Hypothesis Theories Models
Moderating Definition
Conntor
Confounding
Intervenning

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