IJSMT Journal

International Journal of Science, Strategic Management and Technology

An International, Peer-Reviewed, Open Access Scholarly Journal Indexed in recognized academic databases · DOI via Crossref The journal adheres to established scholarly publishing, peer-review, and research ethics guidelines set by the UGC

ISSN: 3108-1762 (Online)
webp (1)

Plagiarism Passed
Peer reviewed
Open Access

DATA DRIVEN DECISION MAKING: EXAMINING THE ROLE OF DATA ANALYTICS IN BUSINESS PERFORMANCE

AUTHORS:
K. Nakshatra
Ridhi Patel
Mentor
DR. K.Suvarchala Rani
Affiliation
BBA III Year, Bhavan’s Vivekananda College of Science, Humanities and Commerce
CC BY 4.0 License:
This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
Abstract
The growing availability of digital data has changed the way businesses approach decision-making. Data generated through customer transactions, sales, financial activities, and business operations provides valuable information, but its usefulness depends on how effectively it is analysed and interpreted. This study examines the role of data analytics in transforming business data into meaningful insights that support informed decision-making.

The research focuses on the four major types of data analytics: descriptive, diagnostic, predictive, and prescriptive analytics, and their relevance to different stages of the decision-making process. It explores the application of data analytics in areas such as marketing, sales, finance, operations, customer management, and risk management. The study also considers how data-driven insights can help businesses identify trends, understand customer behaviour, forecast demand, improve resource allocation, and reduce business risks.

The research is based on secondary data, including relevant research literature, reports, and real-world business examples. Along with the benefits of analytics, challenges related to data quality, privacy, security, implementation costs, and availability of skilled professionals are considered.

The study provides an understanding of how data analytics can strengthen business decision-making and contribute to improved organisational performance.
Keywords
Article Metrics
Article Views
3
PDF Downloads
0
HOW TO CITE
APA

MLA

Chicago

Copy

Nakshatra, K. & Patel, R. (2026). Data Driven Decision Making: Examining the Role of Data Analytics in Business Performance. International Journal of Science, Strategic Management and Technology, 02(11), 1-9. https://doi.org/10.55041/ijsmt.v2i11.019

Nakshatra, K., and Ridhi Patel. "Data Driven Decision Making: Examining the Role of Data Analytics in Business Performance." International Journal of Science, Strategic Management and Technology, vol. 02, no. 11, 2026, pp. 1-9. doi:https://doi.org/10.55041/ijsmt.v2i11.019.

Nakshatra, K., and Ridhi Patel. "Data Driven Decision Making: Examining the Role of Data Analytics in Business Performance." International Journal of Science, Strategic Management and Technology 02, no. 11 (2026): 1-9. https://doi.org/https://doi.org/10.55041/ijsmt.v2i11.019.

References
Alles, M., & Gray, G. L. (2016). Incorporating big data in audits: Identifying inhibitors and a research agenda to address those inhibitors. International Journal of Accounting Information Systems, 22, 44–59. https://doi.org/10.1016/j.accinf.2016.07.004

Appelbaum, D., Kogan, A., Vasarhelyi, M. A., & Yan, Z. (2017). Impact of business analytics and enterprise systems on managerial accounting. International Journal of Accounting Information Systems, 25, 29–44. https://doi.org/10.1016/j.accinf.2017.03.003

Deloitte. (2025). Deloitte expands its global suite of GenAI and agentic AI capabilities in Omnia, advancing the audit experience. Deloitte.

Deloitte. (2026). Deloitte Omnia: Digital audit technology. Deloitte.

Deloitte. (2026). Deloitte unveils connected agentic intelligence in Deloitte Omnia to advance audit & assurance. Deloitte.

Ernst & Young LLP. (2025). Our commitment to audit quality: Ernst & Young LLP’s 2025 report. EY.

  1. (2026). Digital in systems, processes and analytics. EY.

  2. (2026). EY audit technology. EY.

  3. (2026). EY Helix – Audit technology. EY.


Grant Thornton. (2023). Audit quality & transparency report 2023. Grant Thornton.

Grant Thornton. (2025). Audit quality and transparency report 2024. Grant Thornton.

Grant Thornton. (2026). Grant Thornton launches gtap to transform audit. Grant Thornton.

KPMG. (2026). Data foundation for AI. KPMG.
Ethics and Compliance
✓ All ethical standards met
This article has undergone plagiarism screening and double-blind peer review. Editorial policies have been followed. Authors retain copyright under CC BY-NC 4.0 license. The research complies with ethical standards and institutional guidelines.
Indexed In
Similar Articles
Online Furniture Shop
string(11) "Mayank Deep" Deep, M.et al.
(2026)
DOI: 10.55041/ijsmt.v2i6.065
A Comparative Approach of Traditional and AI Assisted Personalized Learning for Cognitive and Comprehensiveness.
string(24) "MAHALE LALITA MADHAVNATH" MADHAVNATH, M. L.
(2026)
DOI: 10.55041/ijsmt.v2i4.100
AI-Powered Resume Screening and Ranking System
string(13) "Jerin Samuvel" Samuvel, J.
(2026)
DOI: 10.55041/ijsmt.v2i3.337
Scroll to Top