The world of business is changing rapidly, and the change is driven primarily by the ready availability of data. The problem for the present-day business professional is not the lack of data, but surfeit of it. Flooded by data, it is often hard to figure out what to is important and what’s not. If you’ve been struggling with this, look no further: our Data and Decision Making class is aimed at addressing this issue.
Our experience in teaching a wide-range of business professionals has convinced us that the issue is not that there is too much data, but that there is a lack of understanding about what data is needed to address the pressing issues faced by an organisation. To this end, we cover a range of sensemaking techniques that can help organisations figure out what data they need in order to address their most important problems. What is sensemaking? In short, it is the art of problem formulation. See this video for an example of sensemaking method.