Question

Identify the real-world examples of how a company might make data-driven decisions. Select all that apply.

a. Choosing e-commerce solutions based on customer shopping preferences
b. Making spending decisions based on the gut instinct of the company accountant
c. Scheduling a certain number of restaurant employees to work based on the average number of lunch-goers per day
d. Suggesting new music to a customer based on their listening history

Answer 1

Companies use data-driven decisions to choose e-commerce solutions, schedule employees efficiently, and provide personalized music recommendations, optimizing operations and improving customer experiences.

Step-by-step explanation:

Real-world examples of how a company might make data-driven decisions include:

• Choosing e-commerce solutions based on customer shopping preferences to tailor the online experience to user needs, thereby increasing sales and customer satisfaction.
• Scheduling a certain number of restaurant employees to work based on the average number of lunch-goers per day, allowing for efficient staffing that matches customer demand and potentially reduces labor costs.
• Suggesting new music to a customer based on their listening history, which improves user experience and engagement on streaming platforms by providing personalized recommendations.

These decisions leverage data analytics and consumer behavior to optimize operational efficiency and to enhance the consumer experience.