Rethinking Your Thinking: Overcoming Biases With a Data-Driven Mindset
As we’ve discussed so far in this series, intuition is important for leaders, especially in a world where information is vast, problems are complex, and decisions need to be made quickly. While it is probably easier and faster to rely on intuition, doing so can introduce biases which can erode decision quality over time.
A data-driven mindset—one that honors intuition while offering a structured method for testing it—can be a practical way to reduce biases in our decision making. It is worth mentioning that it would be misleading to suggest that data alone solves the problem of bias. In fact, a lot of data are subject to bias. This is why we value an integrated approach that leverages intuition as a starting point and bolsters its impact on decisions with data.