A data-driven decision making organization encourages and rewards use of facts and data by employees. Using facts and data to make decisions in organizations has long been a goal of most managers. Using "gut instincts" and limited information has serious risks. Basing a decision on self-interest is poor practice, but the decision maker still requires facts. Consulting mystics/fortune-tellers fell into disfavor long ago. Today decision makers have increased availability of more and better data in real-time almost anywhere. This new reality has changed the decision support possibilities.
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Posted June 26, 2012 6:13 AM
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