How do people make decisions? What data, facts, knowledge, insight does everyone use to make informed decisions? How do organizations ensure that the right decision is made at the right time? What digital tools can be implemented to help...
Industry 4.0: Toward More Data-Driven Decision Making
2016-11-04Industry 4.0, PLM, Data Model, Decision Making, KnowledgeData is everywhere In most industries (and including the manufacturing industry), data leads to knowledge, and ultimately to Intellectual Property (IP) and competitive advantage. There is a lot to do, in business understanding terms, to ...
Informed Decision Making: Turning Data into Business Insight
2015-05-18Data, Leadership, PLM, Analytics, Decision MakingDecisions are made in context. They typically involve a problem definition, a decision maker and a feedback loop on action taken. The concept of ‘informed’ decisions is linked to (though distinctly different) the concept of ‘better’ deci...
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