Data-Driven Decision Making

Making decisions is an inevitable activity in life whether at a personal level or at an institutional level. Everyone is faced with situations where a decision has to be made. There are two ways of treating such situations. One way is to consider the situation to be posing a challenge where one is more worried about consequences of making a wrong decision. The other obviously is to consider the situation to be offering an opportunity where one is interested in maximizing the benefits by making the right decision.