In today's rapidly evolving business environment, the ability to make strategic decisions that drive growth and success is more important than ever. With the vast amount of data available, organizations have the opportunity to leverage big data to inform their strategic decision making processes. The course 'Leveraging Big Data in Strategic Decision Making' is designed to provide participants with a comprehensive understanding of the role of big data in strategic decision making and equip them with the knowledge and skills to harness the power of data for driving organizational success.
The course begins with an introduction to strategic decision making, covering the definition, importance, and different styles and models of decision making. Participants will gain insights into the role of big data in strategic decision making, understanding the concept of data-driven decision making and its implications for organizational success. The course will then delve into the understanding of big data, including its definition, characteristics, and impact on today's business environment. Participants will explore the different types and sources of big data, as well as the challenges and limitations associated with its use. Additionally, the course will cover the techniques and tools for analyzing big data, including data mining, machine learning, predictive analytics, and data visualization. Through case studies and real-life examples, participants will gain a practical understanding of how big data can impact strategic planning and decision making. Furthermore, the course will address the ethical considerations in data-driven decision making, emphasizing the importance of responsible and ethical use of data.