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No one doubts the convulsive horror of a school shooting. Massacres in American classrooms are uniquely terrifying, and parents, politicians, and educators are right to mobilize to stop them. At the same time, each mass shooting raises a question: How violent are our schools, really? The worst shootings make the headlines, but do they reflect a widespread problem?
Many businesses have core values that are intended to serve as a guide for all their internal and external operations. Unfortunately, some companies give little more than lip service to their values and treat them as a branding tool rather than a moral and ethical compass.
The benefits of high quality and high velocity decision-making will accrue to those who harness the power of big data by integrating prescriptive analytics with the knowledge and wisdom of decision-makers.
When it comes to using data to drive business, Google and Facebook are iconic. Although a lot can be said about their practices with regards to topics such as privacy, ownership, and governance, there’s no denying that they have been pioneering the field.
Statista reported that in 2017, the value of global M&A deals amounted to 4.74 trillion U.S. dollars. Yet study after study puts the failure rate of mergers and acquisitions somewhere between 70% and 90%.
The new chief of the Volkswagen Group, Herbert Diess, has said that the company must change from “a slow, lumbering supertanker to a powerful group of speedboats.”
A recent study shows that the human decision process works in such a way that our brain assigns a level of difficulty based on the initial information that is available.
While AI excels at a number of specific and niche applications, researchers and engineers ultimately want to move toward generalized artificial intelligence capable of learning, intuiting, and adapting like the human brain.
Better predictions matter when you make decisions in the face of uncertainty, as we all do constantly. Here, the author introduces a simple decision-making tool called the AI Canvas that begins with a prediction. Its interesting to see their recognition of the role that human judgment plays in it.
Groupthink is a tricky concept. Irving Janis, a social psychologist credited as the first to develop the idea, defined it as a “psychological phenomenon in which people strive for consensus within a group.” At first Janis’ take on groupthink doesn’t seem so bad. After all, isn’t the point of meeting to gather folks together to come to an agreed upon decision about what needs to be done?
