Data Driven Decision Making: Trusting the Outcome of Algorithms

Dateline: August 25, 2017 Welcome to our Friday WRAP – one thought-provoking idea to think about over the weekend. We are all technologists of one form or another.  We use, understand and often create technologies that we and others use.  But recently an insightful Sloan Management Review article, titled  When People Don't Trust Algorithms , caught my attention.  The article, University of … [Read more...]

The Danger of Relying on Data for Decisions

Dateline: December 9, 2016 Welcome to our Friday WRAP – one thought-provoking idea to think about over the weekend. Data-driven decision making is quickly becoming table stakes for every managerial decision. Using analytics to understand options and predict outcomes relies on data to fuel the analytics engine.  Recently Professor Sam Ransbotham, editor of the Sloan Management Review Data and … [Read more...]

Data-driven business strategy

Dateline: October 16, 2015 Welcome to our Friday WRAP – one thought-provoking idea to think about over the weekend. Decision making is, of course, one of the key functions of senior leaders.  Those with lots of experience are expected to make better decisions because of what they have seen, done and learned in their career.  But increasingly we are hearing that data-driven decision making is … [Read more...]