Most professionals understand that, without data, bias and false assumptions can cloud judgment and lead to poor decision making. And yet, in a recent survey, 58 percent of respondents said that their companies base at least half of their regular business decisions on gut feel or intuition instead of data.

3 Data-Driven Decision Making Facts Worth Considering:

Companies that are primarily data driven benefit from 4% higher productivity as well as 6% higher profits.
Employees that have to rely primarily on their “gut feel” instead actual of data to make decisions are often left in an indefensible position when it becomes necessary to justify their decisions. This in turn, leads to increased stress and anxiety and eventually, higher employee turnover.
According to a survey of more than 1,000 senior executives conducted by PwC, highly data-driven organizations are three times more likely to report significant improvements in decision-making compared to those who rely less on data.

Assess the Value of Data-Driven Decision Making to Your Organization

Data-driven decision making is the process of making organizational decisions based on actual data rather than intuition or observation alone. -Northeastern University

What value do you place on ensuring your company culture encourages critical thinking and curiosity in which data-driven decisions are expected as the norm and recognized for their value?

Determine Your Organization's Related Pain & Frustration

In order to fully assess your level of pain (and frustration!) it’s helpful to know where you want to be. So…what does good look like?

A low pain example of Data-Driven Decision Making would be: ?We make business decisions based on our business objectives in concert with a critical review and analysis of collected data. We rarely make key decisions based on intuition or observations alone.

What is your organization's level of pain as it relates to Data-Driven Decision Making?

The CLARITY Assessment™

In the CLARITY Assessment™ we focus on 7 key company objectives. Above, we touched Data-Driven Decision Making, which is one of 5 categories related to the broader objective of Learning & Development:

Customer Relations
Learning & Development

Recruiting & Retention
Employee Productivity
Data-Driven Decision Making
Employee Training
Single Source of Truth

Agile Operations
Risk Management
Information Technology
Technological Innovation
Yield (Financial)

Almost every company worldwide is in some stage of their own digital transformation journey. You’re invited to take the CLARITY Assessment™, with the goal of helping to define your own company priorities in your digital transformation journey. Click here to experience it now.

Blog

Areas of Expertise

By Industry

By Function