Technology and Tools have made gathering data and churning numbers a lot easier. The common belief is more the data, better and faster is the decision making. Agree? To some extent, yes!
If you take a look around the sources of records within an enterprise you will find a lot of them, some connected, some in silos & some no one even cares about.
Sure, big data analytics and machine learning have come to our rescue to make sense of these disjointed data sets but how efficiently is the final output used. Answers are often soft murmurs and far less definitive.
Where lies the problem?
What does it take to make effective and impactful decision making?
How can we make it a practice and course-correct with agility?
The matter at hand is about having the flexibility to make decisions quickly and be able to improvise those decisions in an iterative manner.
Today’s business scenario is all about being “agile”. Be it agile project management or agile decision making.
Business owners and decision makers no longer prefer a big-bang approach.
It is neither sustainable nor business friendly. In fact it can be highly detrimental to the business itself, given the rapid technological advances allowing competitors to catch-up quickly.
Hence everyone is always on their feet to take the plunge into the next big venture – product, service offering, pricing models, new markets or organizational changes.
