Question: In the topic material, "Data-Driven Companies Outperform Competitors Financially," Thor Olavsrud discusses the path to becoming a data-driven company. As an IT professional, discuss strategies you can employ to encourage corporate leaders to utilize available data to drive decision making. Provide examples of ways IT professionals can facilitate the sharing of data-related information with employees, collect data efficiently across departments, and present data in ways that allow company executives to make decisions based on data. Cite specific industry examples from your own research and include links to related articles in your posts.

Student answer: According to Thor Olavsrud, Working with and making business decisions based on data is good for your companys bottom line (Olavsrud, 2013). Many organizations are using diverse ways to store their data like Cloud, External Hard Drive, and much more. The collection of data is often stored and not used There are many advantages in using data to make decisions. Using the correct data can be used and be visualized in a graph, which can show patterns. Using an independent variable to a dependent variable can show patterns and it can help in making predictions. Historical data can show how each time the independent variable changes influences a dependent variable. Many employees can access to a database and can use the data to make decisions. According to Thor Olavsrud, Survey found that the most successful companies have adopted a data-driven culture and promoting the sharing of data across all levels of employees and departments (Olavsrud, 2013). Many departments can utilize the data that is collected in a database. Utilizing data can help increase sales, decrease cost, make good decisions, and much more.

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