How much do you trust data?

Many leaders make decisions based upon their know-how as a leader, but Deloite Consulting says that technology will change your job so that you’ll rely more on data and less on your knowledge.

However, Barry Schwartz in his book “The Paradox of Choice” states that as we face more options that we become overloaded. Choice no longer liberates us, but debilitates.

So more data will not help you make decisions, it might cause analysis paralysis!

According to Deloite Consulting, technology will impact your world in four main ways:

1. Mobile will be everything – Desktop computers and phones will be replaced by mobile devices

2. Work will be analytics based – We will make more decisions based on data and less on experience and intuition

3. Radically different recruiting – Technology will help us screen and gather data on candidates to make the process more logical

4. A new approach to performance management – We can gather more data on employee performance and efficiency

Do you feel equipped to rely more upon data? What can you do to survive in this new world? Here’s some ideas:

1. Get more comfortable with technology – It isn’t going away

2. Rely upon your staff who are comfortable with data gathering

3. Clarity and community the “why” the decisions are being made

4. Map out your decision making process so that you can combine the best of your experience with data-driven decisions

5. Don’t try to be perfect – know you will make mistakes and own up to them

6. When you feel paralyzed go back to the reason the decisions are being made, and review your decision making process

To learn more about Analysis Paralysis click on Does Your Leadership Cause Analysis Paralysis?

Want to talk about getting out of Analysis Paralysis?

Contact me at Valerie.MacLeod@HainesCentre.com