Question 5What is the process of using facts to guide business strategy?1 pointData visualizationData-driven decision-makingData programmingData ethics

Step 1: Identify the Question Type

The question asks for a term that describes the process of using facts to guide business strategy. This suggests that we need to choose the correct answer from the provided options.

Step 2: Analyze the Options

1. Data visualization: This refers to the graphical representation of data and is primarily a tool for understanding data rather than a decision-making process.
2. Data-driven decision-making: This is the practice of making decisions based on data analysis and interpretation. It involves using facts to inform business strategies and decisions.
3. Data programming: This typically involves coding and manipulation of data, which is not directly tied to the strategic decision-making process.
4. Data ethics: This pertains to the moral principles guiding how data is used, and while important, it does not directly relate to the process of guiding business strategy.

Step 3: Conclusion

Given the definitions and relevance of each term, the most appropriate answer that encapsulates the process of using facts to guide business strategy is Data-driven decision-making.

Final Answer

Data-driven decision-making