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Data Driven Decision Making: Helping You Decide
Dear Aseem, I appreciate your understanding of the model and the way you answered my query. The positives and best practices mentioned are satisfactory. Thank you! But as I was going through the article, what strikes me is that the article is based more on conjecture. In today's world what we want is data to back the theory. So I would appreciate if you could present your D3M model with some statistical data. Along with this I have one more view which I would like you to address. We "The Humans" are always good at decision making because we take many factors into consideration. Our mind has this beautiful habit of analyzing the given data at any point in time. Then why there is a sudden burst of interest in D3M model? What is so peculiar about this model that without which decision making will be like "feeding a lion"? Thanks & Regards, Pranuj Singhal
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Data Driven Decision Making: Helping You Decide
Dear Aseem, Could you please throw some more light on "Whether you want the correct answers – quickly if possible or do you want the answers quickly – correct if possible?" How this quote is related to D3M model. Any decision maker will always like to go for a minimum of 95% positive result oriented decision. And not everybody will prefer to take the risk of taking quick decision - correct if possible. In this business world, all the firm wants is profit. And to get the maximum profit, the firm believes in taking the best possible decision taking there best available time. And we all know, taking decisions without taking time into consideration may lead to a blunder. Plus I would also like you to highlight few positives of this D3M model. In the entire article you highlighted the need of D3M insisting on factors which if not taken care of can lead to erroneous decision. Please provide some insights on the positives of the model you proposed. I would also appreciate if you please provide some best practices and strategies for adopting this model. Thanks & Regards, Pranuj Singhal
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Data Driven Decision Making: Helping You Decide
Dear Aseem, First of all a vote of appreciation for this nicely written article. In the article you mentioned three issues which if not taken into care can lead to erroneous decision. Could you please throw some more light on these issues? Plus are there any other important factors apart from the mentioned three which if not taken care of may lead to a bad decision making in the long run? Regards, Pranuj Singhal
Pranuj Singhal
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