Evidence Based Decision Making: Its Relevance to a Management Accountant

Abstract

Evidence based decision making (EbDM) is a derivative of Data Analysis/ Analytics. Success of a Business predominantly depends on two parameters – to gain new insights faster than the competition, and to turn those insights into right decisions. To take right decision in right time, one needs the support of reliable evidences i.e., data. Organisations emphasise on evidence-based information which are most relevant to support key decisions.