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Evidence$-$Based Decision Making and Data Analytics

Evidence$-$based decision making is the process of gathering and analyzing high$-$quality data to develop and implement a plan of action. This definition underscores two important processes: gathering high$-$quality data and analyzing high$-$quality data. Big data is the warehouse where information is gathered. Artificial Intelligence $($AI$)$ and analytics are different approaches organizations use to analyze large quantities of data. Whereas big data gives organizations access to information, AI and analytics generate insights to inform decisions. As a manager, it$$s important to understand how evidence$-$based management, data analytics, and big data contribute to decision making in an organization.

The goal of this exercise is to demonstrate your understanding of evidence$-$based management, big data, and data analytics.

Review the questions on evidence$-$based management, data analytics, and big data and select the best answer choice to each question.

William, Director of Federal Compliance, manages the equity accountability reports for $24$ colleges and universities within the State of Delaware. To account for employment practices with the state$$s hiring initiatives, William develops state reports for leadership. What concept would be helpful to William to draft his report?

Multiple Choice

Big Data

Predictive Analytics

Descriptive Analytics

Artificial Intelligence