Tag: decision-making

BI Categories, Data Mining

Why We Should Be Skeptical of Data-Driven Decision-Making

February 5, 2024

Via: CMSWire

According to recent McKinsey & Company research, executives spend nearly 40% of their time making decisions. Deciphering the results of a survey of 1,200 global business leaders, they estimated that inefficient decision-making costs the average Fortune 500 company $250 million […]

BI Users, Data Analyst

What is data visualization? Presenting data for decision-making

August 5, 2022

Via: CIO

Data visualization is the presentation of data in a graphical format such as a plot, graph, or map to make it easier for decision makers to see and understand trends, outliers, and patterns in data. Maps and charts were among […]