What technology allows for data-driven decision-making in businesses? 🔊
The technology that allows for data-driven decision-making in businesses is known as data analytics. Data analytics involves collecting and examining large amounts of data to uncover trends, patterns, and insights. Techniques like descriptive, predictive, and prescriptive analytics help organizations interpret complex datasets. By leveraging data analytics tools, such as SQL and machine learning algorithms, companies can enhance their strategic planning, optimize operations, and personalize customer experiences, ultimately driving growth and innovation.
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