Data-Driven decisions are more about justification for already made decisions.

🛑Data-Driven decisions are more about justification for already made decisions.

Humans suffer from confirmation bias. We can find faces in toast, and we will find everything we want in the data.

🚩This means that data is an unreliable source for improving business decisions.

…unless…

You know how the decisions are made beforehand.

Welcome to the Decision-Centric Approach… #decisioncentric

✨Model business decisions explicitly to specify how the decisions are made.

Then workout 👇
* What data do you need to execute them?
* What rules are involved in those business decisions?
* What metrics are important for business operations related to those decisions?
* What workflows and processes are impacted based on the outcomes of those business decisions?

💣By modeling business decisions explicitly you can make sure you use “data by decisions” and avoid the pitfall of the “data for decisions”.

🚀The #decisionintelligence in combination with Decision Model and Notation (DMN) Conformance Level 3 will enable organizations to model and execute by combining multiple techniques such as #businessrules #machinelearning #optimization to into explicitly modeled business decisions.

#data #datadriven #businessintelligence #bi #machinelearning

posted here.

Published August 19th, 2024 at 07:30 am