Why Gut Feeling Decision Making Is Dead & 100% Data Should Drive Decisions In Business ?

By Author: TDF
Total Articles: 52
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We've all been there - you're making a decision in your head and you just don't feel right about it. You might even go so far as to convince yourself that your gut feeling is the only logical decision, when in fact data can often prove you wrong. In this article, we'll be taking a look at how data can help us make better business decisions, and how we can start using it to override our intuition.

What is the problem with gut-feeling decision-making?
There are a number of problems with relying too much on gut feeling when making decisions in business. First, gut-feeling decision-making is often subjective and can be influenced by emotions rather than facts. This means that gut-feeling decision-making can lead to mistakes based on inaccurate assumptions or incomplete information. Second, gut-feeling decision-making is often biased and doesn't take into account the potential consequences of a decision. This can lead to poor decisions that could adversely affect the business or its stakeholders. Finally, gut-feeling decision-making often doesn't reflect the overall consensus of the team or organization, which can lead to conflict and confusion over who should make decisions.

To know more: https://thedigitalfellow.com/why-gut-feeling-decision-making-is-dead-100-data-should-drive-decisions-in-business/