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Data-Driven Decision Making

Data-driven decision making involves using data, metrics, and analytics to guide strategic product management decisions. This approach helps in making more objective, informed, and effective decisions by relying on quantitative data analysis rather than intuition or personal experience.

Example

Google Analytics is extensively used by Google to understand user behavior on its products like Google Search and YouTube. This data helps in making informed decisions about product improvements, feature additions, and user experience enhancements.