Organizations are sitting on torrents of data; they just need right acumen to extract insights and be data-driven.
Most business leaders still rely on their experiences and gut feeling when making business decisions , a report by forester surveys shows that 48% of decisions today are completely based on quantitative information and analysis. A lack of data literacy skills obstructs the transformation into an insight driven organization.
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When it comes to decisions, organizations rely on gathering data and analyzing the decision. People believe that analysis reduces biases, but most business decisions made this way turned out to be poor decisions.
Research shows that good analysis from managers who have good judgment won't ...
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