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Decisionmaking should be based on data and evidence from "summary" of Smarter Faster Better by Charles Duhigg
When we make decisions, it's easy to rely on intuition or gut feelings. We often trust our instincts to guide us in the right direction. However, research shows that decisions based on data and evidence tend to be more accurate and successful in the long run. By gathering and analyzing relevant information, we can make informed choices that are more likely to lead to positive outcomes. Data-driven decision making involves collecting and examining various sources of information to gain a comprehensive understanding of the situation at hand. This process allows us to identify patterns, trends, and potential risks that we may not have noticed otherwise. By looking at the facts objectively, we can make more rational and logical decisions that are less influenced by biases or emotions. In the business world, companies that prioritize data-driven decision making tend to outperform their competitors. By tracking key metrics and analyzing market trends, organizations can adapt quickly to changing circumstances and stay ahead of the curve. Data-driven strategies also help businesses mitigate risks and make more accurate predictions about future outcomes. Moreover, relying on data and evidence can help us overcome cognitive biases that might cloud our judgment. By confronting our assumptions with hard facts, we can challenge our preconceived notions and make more open-minded decisions. This approach encourages us to consider alternative perspectives and explore creative solutions that we might not have otherwise considered.- Data-driven decision making is about adopting a systematic and analytical approach to problem-solving. It empowers us to make informed choices based on concrete evidence rather than relying solely on intuition or guesswork. By harnessing the power of data, we can enhance our decision-making skills and achieve better results in both our personal and professional lives.
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