Imagine you're leading a team that's grappling with a critical decision. How would you leverage data to ensure your decision-making process is both informed and effective? Outline the key steps you would take, including how you'd gather relevant data, analyze it to extract meaningful insights, and finally, translate those insights into actionable strategies. Consider the challenges you might encounter along the way and how you'd address them to foster a culture of data-driven decision-making within your team.