How we decide is no less important than the data we use to decide. People are recognizing this and creating innovative ways to blend what, why, and how into decision processes. 1. Apply behavioral science → Less cognitive bias McKinsey experts offer excellent insight into Behavioral science in business: Nudging, debiasing, and managing the irrational […]
1. Vigilance → Better algorithms “Eliminating bias… requires constant vigilance on the part of not only data scientists but up and down the corporate ranks.” In an insightful Information Week commentary, James Kobielus (@jameskobielus) considers the importance of Debiasing Our Statistical Algorithms Down to Their Roots. “Rest assured that AI, machine learning, and other statistical […]
2015 was kind to the ‘evidence-based’ movement. Leaders in important sectors – ranging from healthcare to education policy – are adopting standardized, rigorous methods for data gathering, analytics, and decision making. Evaluation of interventions will never be the same. With so much data available, it’s a non-stop effort to pinpoint which sources possess the validity, […]