First Principles Based Leadership: The Hidden Risks of Data-Driven Decisions

In the past few years, we have seen a huge proliferation of data. With this amount of data being available, the expectation of data driven decision making has peaked as well. However, in my experience, just using data to make decisions is a trap and can lead to some bad decisions. Availability bias The first trap is to think that he data that we have is all the data there is. Most of the times, the data we have is the one’s that is easy to collect, store and make sense of. It is not necessarily ...