Driving Decisions with Data: Delight or Disaster?
Thursday, May 11, 2023
Albert Einstein has been quoted as saying, “Not everything that counts can be counted, & not everything that can be counted counts.” Whether Einstein actually said this or not, he certainly embodied the sentiment by recognizing the value of using data to drive decisions. In fact, recent studies have estimated that more data was created in a single minute in 2021 than data created during Einstein’s entire life. How can all that data be put to use? Should it be driving decision-making? To that point, in a 2018 Forrester survey of more than 1000 US companies, 91% said that data-driven decision-making was important to their business, while only 57% said they actually used data to make decisions in their business. How do we bridge this gap? How do we get from being in data denial to being data driven? This session will answer those questions & much more. Come see the relevance of the four V’s of big data. Discover three types of cognitive biases and how they are the enemies of opportunity.