Managers don’t need to be quants to make decisions which are driven on hard data. Although not al of today’s managers like maths, they cannot escape from big data when making business decisions. Harvard Business Review has created a reading list on the basics of data informed decision making. From a business process point of view, Cushion consultancy emphasizes the need for:
- quantifying current work activities first, when finding ways to improve businesses
- simplifying and consolidating business processes for improving the reliability of data
Both will enhance managers’ understanding of their business and reduce the risk of making the wrong decisions.