Cookies help us display personalized product recommendations and ensure you have great shopping experience.

By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
SmartData CollectiveSmartData Collective
  • Analytics
    AnalyticsShow More
    data analytics
    How Data Analytics Can Help You Construct A Financial Weather Map
    4 Min Read
    financial analytics
    Financial Analytics Shows The Hidden Cost Of Not Switching Systems
    4 Min Read
    warehouse accidents
    Data Analytics and the Future of Warehouse Safety
    10 Min Read
    stock investing and data analytics
    How Data Analytics Supports Smarter Stock Trading Strategies
    4 Min Read
    predictive analytics risk management
    How Predictive Analytics Is Redefining Risk Management Across Industries
    7 Min Read
  • Big Data
  • BI
  • Exclusive
  • IT
  • Marketing
  • Software
Search
© 2008-25 SmartData Collective. All Rights Reserved.
Reading: Thinking different with decision analysis
Share
Notification
Font ResizerAa
SmartData CollectiveSmartData Collective
Font ResizerAa
Search
  • About
  • Help
  • Privacy
Follow US
© 2008-23 SmartData Collective. All Rights Reserved.
SmartData Collective > Business Intelligence > Thinking different with decision analysis
Business Intelligence

Thinking different with decision analysis

TedCuzzillo
TedCuzzillo
4 Min Read
SHARE

When Wayne Eckerson foresees a trend, it’s news even if others might have already foreseen it. He’s the director of TDWI Research and one of the industry’s most thoughtful observers, and one of the most deliberate.

In this morning’s blog post, he suggests improving BI by enlisting those who study how people make decisions.

To take BI to the next level, we need better insights into human behavior and perception. In other words, it’s time to recruit psychologists onto our BI teams.

He gave an example of one place that could have benefited from visits to the shrink’s couch.

A recent article in the Boston Globe called “Think Different, CIA” provides some instructive lessons for companies using BI tools to make decisions. The article describes a phenomenon that psychologists call “premature cognitive closure” to explain how humans in general, and intelligence analysts in particular, can get trapped by false assumptions, which can lead to massive intelligence failures. It turns out that humans over the course of eons have become great at filtering lots of data quickly to make sense of a situation. Unfortunately, those filters often blind us to additional …

More Read

artificial intelligence in gaming
How AI Is Helping The Gaming Industry And Its Key Players Thrive
Analysts Describe Current BI Environment
What is wrong with OR in business rules?
Business Intelligence & Data Warehousing Trends: 9 for ’09
Location Intelligence: Driving Competitive Advantage in the Retail Industry

When Wayne Eckerson foresees a trend, it’s news even if others might have already foreseen it. He’s the director of TDWI Research and one of the industry’s most thoughtful observers, and one of the most deliberate.

In this morning’s blog post, he suggests improving BI by enlisting those who study how people make decisions.

To take BI to the next level, we need better insights into human behavior and perception. In other words, it’s time to recruit psychologists onto our BI teams.

He gave an example of one place that could have benefited from visits to the shrink’s couch.

A recent article in the Boston Globe called “Think Different, CIA” provides some instructive lessons for companies using BI tools to make decisions. The article describes a phenomenon that psychologists call “premature cognitive closure” to explain how humans in general, and intelligence analysts in particular, can get trapped by false assumptions, which can lead to massive intelligence failures. It turns out that humans over the course of eons have become great at filtering lots of data quickly to make sense of a situation. Unfortunately, those filters often blind us to additional evidence — or its absence — that would disprove our initial judgment or “theory.” In other words, humans rush to judgment and are blinded by biases. Of course, we all know this, but rarely do organizations implement policies and procedures to safeguard against such behaviors and prevent people from making poor decisions.

See his full post here.

Be sure to see the comments, too. He writes in reply to questions, “Like data governance, we need some principles for approaching and managing decisions. Maybe we should start a decision governance institute!?”

I can’t help notice: an institute.

See “CIA’s insights on the psychology of analysis” on Datadoodle.


Link to original post

TAGGED:business intelligencedecision management
Share This Article
Facebook Pinterest LinkedIn
Share

Follow us on Facebook

Latest News

Managed IT Services
Comparing Affordable Managed IT Services for Denver’s Remote Workforce
Exclusive IT
human verification tool for business
Human Verification Tools Help Make Smarter Data-Driven Decisions
Big Data Exclusive
ai in business
Recurring Revenue Strategies for the AI Business Era
Artificial Intelligence Exclusive
ai for playground safety
Using Data to Plan Safer, More Efficient Public Playgrounds
Big Data Exclusive

Stay Connected

1.2KFollowersLike
33.7KFollowersFollow
222FollowersPin

You Might also Like

use data to increase customer engagement
Business IntelligenceData CollectionData ManagementWeb Analytics

How To Use Data To Increase Customer Engagement On Your Website

7 Min Read

There is Still Hope for Business Intelligence

0 Min Read
hadoop big data
Big Data

Demystifying Hadoop: Not All Problems Are Hadoop-able

6 Min Read

Connection Cloud: Realizing Value from Proliferating Siloed Data Stores and BI

7 Min Read

SmartData Collective is one of the largest & trusted community covering technical content about Big Data, BI, Cloud, Analytics, Artificial Intelligence, IoT & more.

ai is improving the safety of cars
From Bolts to Bots: How AI Is Fortifying the Automotive Industry
Artificial Intelligence
ai in ecommerce
Artificial Intelligence for eCommerce: A Closer Look
Artificial Intelligence

Quick Link

  • About
  • Contact
  • Privacy
Follow US
© 2008-25 SmartData Collective. All Rights Reserved.
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?