Using Data to Make Better Business Decisions
When we hear the word “Data” the first thing we think of naturally is numbers. And so often we think that the “numbers” make the decision for us. The fact is the analytics and statistics only tell us part of the story and if the “input” is wrong up front, the resulting “data” will mislead us into making bad decisions. Kevin Hanegan author of “Turning Data Into Wisdom” joins us on this episode of A New Direction. Kevin is going to give you deep insights on how we need to be careful with the numbers we see in every day life. And take a close look at our biases when it comes to looking at the data and other errors we make with “data”.
Further Kevin and I explore how we misinterpret data and how we can be more conscious of our misinterpretations. In his book “Turning Data Into Wisdom” Kevin encourages to ahve a healthy bit of sketpicism. We should always question the results we are presented with on TV. In fact we need to get better at challenging the statistic rather than trying ot find ways to verify what we believe. Because that is bias. And when we are biased the last thing we are doing is “Turning Data into Wisdom” Whether that be for our lives or our business.
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