Running a company is hard. There are a million moving pieces. It is almost impossible to keep track of each one.
But if you don't have your finger on the pulse, you may get sideswiped when your dev team is two weeks late with an update for your biggest client, your sales team comes up short due to internal miscommunications, or when your NPS is very low for the first time ever.
You wouldn't run an ad campaign without data, why would you manage your team any other way?