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Data Science & Analytics vocabulary · Reporting to Stakeholders

Data-driven

Meaning in data science & analytics, with examples

adjectiveCore term

In data science & analytics, data-driven means: Describes decisions, teams or organisations that rely on evidence from data rather than on opinion, habit or intuition alone.

In Turkish: veriye dayalı, veri odaklı

How it is used

Common in job adverts, strategy documents and company values: 'a data-driven culture', 'data-driven decisions'. Written with a hyphen before a noun. Similar terms are 'data-informed' and 'evidence-based'.

Example sentences

  1. We want pricing decisions to be data-driven, not based on what competitors did last year.

  2. She helped build a more data-driven culture in the sales team.

Common collocations

  • data-driven decision
  • data-driven culture
  • data-driven approach
  • become more data-driven
  • insightA useful finding from data that explains why something is happening or what could be done about it, going beyond simply describing the numbers.
  • stakeholderAny person or team with an interest in a piece of work and its results, such as the managers, product owners or clients who will use an analysis.
  • metricA number that measures something specific about a product, business or process, such as daily sign-ups, average order value or page load time.
  • KPIShort for key performance indicator: one of a small number of metrics that a company or team has chosen to measure progress towards its main goals.

This word in other fields

The same English word can have a different meaning in another field:

More terms: Reporting to Stakeholders

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