Lean Six Sigma provides you with world best methods of data driven decision making.
If you are working in an organization or running a business, it is inevitable that you shall need to use data in decision making. Some pointers that highlight the importance of data driven decision making are given below.
- Even if one uses brainstorming techniques with teams, one can generate and use data.
- The use of basic cause-effect approaches for analysis like fishbone diagram get strengthened only by effective use of data.
- All functions in an organization generate data of various kinds. It makes sense to learn correct methods and techniques that help in decision making for business success.
- Analysis of wastes in a process requires data (like cycle times, takt times, value added time, non value added time, productivity, etc)
- Finding whether internal/ customer requirements (or regulatory requirments) are met requires data driven techniques like hypothesis testing.
- Forecasting methods are essentially a set of data driven techniques.
- Comparison of two or more sets of data( for comparing vendors, technology, techniques, materials, processes, customer types, teams etc) is a common need.
- Market research or R&D makes us of data all the time.
- Problem Solving is strengthened by usage of data.
- Project Management requires data driven decisions.
- Performance management cannot be considered fair unless data is capured, analyzed and used properly.




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