True wisdom, I believe, emerges when three forces—data, intuition and AI—are balanced, each complementing the others to forge ...

In my 20 years of experience, I've seen how data centralization and visualization can support strategic decision making by making complex data from multiple sources clear and easy to interpret. This ...

Discover how partnerships handle decision making through consensus, democracy, or delegation, and the impact of business structure on these processes.

In today's fast-paced and increasingly digital business environment, data has become the lifeblood of companies; it drives growth, innovation and competitive advantage. The question is not whether ...

You often hear entrepreneurs say, “We don’t know what we don’t know,” when talking about deficiencies in data gathering. But when you have data in silos, it’s more a case of “We don’t know what we DO ...

Probability and statistics affect every aspect of our lives. After all, statistics is simply taking the probability of any ...

In fact, a recent study on the current state of decision-making across global enterprises found that confidence (73%), accuracy (72%), and transparency (60%) were the most important criteria for ...

Five pitfalls to avoid by Michael Luca and Amy C. Edmondson Let’s say you’re leading a meeting about the hourly pay of your company’s warehouse employees. For several years it has automatically been ...

Consensus decision-making fosters collaboration but can slow progress if not managed effectively. Balancing consensus with leadership ensures efficiency without sacrificing inclusivity and engagement.

Vast amounts of data are generated every day. Statistics transforms data into meaningful information. People who practice the science of learning from data are called statisticians. Statisticians ...