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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 in lost wages annually. Add to that the results of decision fatigue, a real phenomenon adversely affecting both the quality of decisions and the health of the decision-maker, and it’s obvious any improvement to the decision-making process should have measurable and immediate benefits.

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