Data-Driven Decision Making: A Catalyst for Sustainable Management in the Digital Age
Data-Driven Decision Making: A Catalyst for Sustainable Management in the Digital Age
Author(s): Simona Corina Dobre Gudei, Elena Gurgu, Luminița Viorica Pistol, Raluca Ileana Zorzoliu, Aurelian A. Bondrea, Ramona-Olivia Mihaila, Gabriela Ungureanu, Sabyasachi Rath, Dragoș Frăsineanu, Geanina Drăgan Sîmbotin, Valentin KuletoSubject(s): Economy, Business Economy / Management, ICT Information and Communications Technologies
Published by: Editura Fundaţiei România de Mâine
Keywords: data-driven decision making; sustainable management; digital age; sustainability; decision support systems; environmental stewardship; resource efficiency; organizational transformation; information
Summary/Abstract: In today's rapidly evolving digital landscape, organizations are increasingly relying on data-driven decision making to navigate complex challenges and drive sustainable management practices. This paper explores the pivotal role of data-driven approaches as a catalyst for fostering sustainability in the digital age. Drawing upon a comprehensive review of literature and case studies, we examine how organizations across various sectors leverage data analytics, artificial intelligence, and other digital technologies to inform and enhance their sustainability strategies. We discuss the benefits of data-driven decision making in promoting resource efficiency, environmental stewardship, and social responsibility, while also addressing potential challenges and ethical considerations. Additionally, this paper highlights key success factors and best practices for integrating data-driven approaches into sustainable management frameworks. Through illuminating examples and insights, we aim to provide a compelling rationale for the adoption of data-driven decision making as a transformative force in advancing sustainability agendas in the digital era.
Journal: Annals of Spiru Haret University. Economic Series
- Issue Year: 24/2024
- Issue No: 3
- Page Range: 264-281
- Page Count: 18
- Language: English
