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Join Ads Marketplace to earn through podcast sponsorships.
Manage your ads with dynamic ad insertion capability.
Monetize with Apple Podcasts Subscriptions via Podbean.
Earn rewards and recurring income from Fan Club membership.
Get the answers and support you need.
Resources and guides to launch, grow, and monetize podcast.
Stay updated with the latest podcasting tips and trends.
Check out our newest and recently released features!
Podcast interviews, best practices, and helpful tips.
The step-by-step guide to start your own podcast.
Create the best live podcast and engage your audience.
Tips on making the decision to monetize your podcast.
The best ways to get more eyes and ears on your podcast.
Everything you need to know about podcast advertising.
The ultimate guide to recording a podcast on your phone.
Steps to set up and use group recording in the Podbean app.
When Analysis Outruns Wisdom: Potential Pitfalls of Data-Driven Decision-Making, by Jonathan H. Westover PhD
Abstract: This article discusses potential pitfalls that can arise from data-driven decision making when not properly balanced with human judgment, strategic thinking, and organizational context. Drawing on the author's experience as a management consultant, key risks are examined such as the "tyranny of metrics" when KPIs distort goals, misinterpreting correlations as causation, overgeneralizing from limited data sets, confirmation bias within "filter bubbles," and overemphasizing quantitative data at the expense of human elements. Specific industry examples are provided to illustrate unintended consequences that have occurred. The article advocates for maintaining a multidisciplinary, questioning approach to analytics, constantly reevaluating metrics and models, supplementing internal data with external realities, and blending quantitative and qualitative inputs. Balancing these risks and enacting various safeguards can maximize the benefits of fact-based management while avoiding potential downsides.
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