What Does IBDM Stand For?

IBDM stands for Information Based Decision Making

IBDM, or Information Based Decision Making, refers to a systematic approach that leverages data and analytics to inform and enhance the decision-making process. This methodology emphasizes the use of relevant information, including quantitative and qualitative data, to evaluate options, assess risks, and identify opportunities. By prioritizing objective evidence over intuition, IBDM aims to improve the accuracy and effectiveness of organizational decisions, ultimately leading to better outcomes and strategic alignment.