Construct · 1 fields · 1 citations

data-driven decision making: a standalone construct

One name. One construct. A landmark on the map.

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data-drivendecision making1 CONSTRUCTData-driven decisionBRYNJOLFSSON · ECONOMICS

A single standalone construct; nearby constructs are located against it in the Collider. Tap a field for its definition, unit, and measures.

Economics

basing business decisions on data analysis rather than intuition, which spread rapidly in manufacturing.

In economics, data-driven decision making refers to basing business decisions on data analysis rather than intuition, which spread rapidly in manufacturing. This meaning comes from Brynjolfsson (2016) in American Economic Review.[1]

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Nearby constructs

business1 fields · 1 citationsanchor · a standalone constructintuition3 fields · 6 citationsjingle · one word, three constructsspread5 fields · 5 citationsjingle · one word, five constructs

References

  1. Brynjolfsson, E., & McElheran, K. (2016). The Rapid Adoption of Data-Driven Decision-Making. American Economic Review, 106(5), 133-139. https://doi.org/10.1257/aer.p20161016

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