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Digital Transformation Podcast
Decision-Making in an Increasingly Complex and Data-Driven World
Nov 22, 2023
Dhiraj Rajaram, Founder and CEO of Mu Sigma, discusses problem-solving and decision-making in a data-driven world, including navigating complexity, building a culture of experimentation, developing business consciousness, and actionable perspectives for problem solving.
20:59
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Quick takeaways
- To make effective decisions in a complex and data-driven world, organizations should adopt iterative and nonlinear thinking instead of linear problem-solving approaches.
- Creating a culture of experimentation, fostering curiosity, and promoting interactions internally and externally can help organizations navigate complexity and achieve better outcomes.
Deep dives
The Challenge of Complexity in Organizations
Organizations today face the challenge of dealing with increased complexity in a world that is more connected than ever before. This complexity can arise from various sources such as supply chain disruptions, regulatory changes, and unexpected competition. In such a complex world, clean and perfect data is an idealistic notion, and organizations need to focus on making decisions despite the imperfect data they have. This requires a shift from linear problem-solving approaches to iterative and nonlinear thinking.
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