The process of decision making

When you are in the process of decision making, what should you prioritize? Simply put, your data and access to that data must be a top priority. If you look at the value that your data loses over time and plot it on a graph, you will see that the most value is lost at the beginning.

Decision making
-Image is based on Hackathorn (2002)

The curve is steep at the beginning. This means you lose most value in the beginning. This implies that  it’s absolutely crucial to access your data, fast. So, that’s what you need to focus on. That’s what you need to prioritize. Get to your data as quickly as possible. Then, you can start your analysis and support your decision-making processes.


Other video learnings:
Automating AI
AI is not plug and play
Types of analyses
Commonalities healthcare vs accountancy

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