Decision-making in the AGE of BIG DATA

Today, in the Age of Big Data, we are facing information overload, and choice overload. Relying purely, on commonsense, logic, experience, etc. is a recipe for disaster. It is not sufficient not to make a GOOD decision; you must strive for the OPTIMAL decision. Additionally, your decision must be defensible. This workshop will train you, to just that! Every action we take is driven by a decision! Decision-making is NOT Problem-Solving. Today, we are in an Age of BIG Data. “Data is the new currency”. When it comes to decision-making, our commonsense and gut-feel alone, is totally inadequate because:

1. We humans are irrational.
2. We are facing information overload, and choice overload.
3. We are victims of decision contamination, and manipulation.

This workshop will give participants the necessary knowledge, tools, and techniques, to make decisions that are timely, consistent, optimal, and defensible. Decision-making Course Content….

• Recognize human irrationality and illusions that creep into decision making, and put multi-dimensional, real-world problems into proper perspective.
• Understand key factors that impact decision making.
• Master the skill of making optimal decisions with greater speed, accuracy, and confidence.
• Present and defend decisions through decision-validation.
• Understand the difference between problem solving and decision making.
• Define and utilize appropriate criteria in the decision-making process.
• Minimize risk by validating decisions (what-if)
• Use analytic hierarchal methodology to make optimum decisions.
• Learn how to handle uncertainties when making decisions.