Data Deluge Is Causing 87% Of Leaders To Suffer Decision Distress
FutureCIO, Wednesday, May 10,2023
The study, The Decision Dilemma, by Oracle and Seth Stephens-Davidowitz, data scientist and author of Everybody Lies and Don't Trust Your Gut, reveals that people feel overwhelmed and underqualified to use data to make decisions and this is hurting their quality of life and business performance.
The study of more than 14,000 employees and business leaders across 17 countries, including 4,500 respondents from Asia Pacific and Japan (JAPAC), found that people are struggling to make decisions in their personal and professional lives at a time when they are being forced to make more decisions than ever before.
Overwhelmed by data and amount of decisions to make
The study noted that people in JAPAC are overwhelmed by the amount of data and this is damaging trust, making decisions much more complicated, and negatively impacting their quality of life.