BUSINESS DECISIONS

The Impact of Data on Business Decisions

[Writer's university]

The Impact of Data on Business Decisions

Thesis Statement

Data collection is the most critical step in business decision making process

Introduction

In the contemporary world of globalization and increasing competition, decision making plays the most critical role in successful management of organizations. As per the statistics provided by International Data Corporation, the volume of data all over the world doubles after almost every eighteen months. Moreover, it has also been estimated that the business related data will expand by 650 percent in the next five years. This huge load of data is known as “information overload”, ...