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Information bombards us from every angle, making the ability to discern fact from fiction crucial. With 75% of adults falling for fake news, data literacy emerges as our compass in the digital landscape. Learn how critical thinking can combat clickbait culture and empower informed decision-making.
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Kevin Hanegan was recently featured on the New Direction Podcast with Jay Izzo.
When we hear the word "Data," we first think of numbers. And too often we believe that the "numbers" make the decision for us. The fact is that analytics and statistics only tell us part of the story and if the "input" is wrong up front, the resulting "data" will mislead us into making bad decisions. Kevin Hanegan author of Turning Data Into Wisdom joins us on this episode of A New Direction. Kevin will give you deep insights into how we need to be careful with the numbers we see in everyday life. And take a close look at our biases when it comes to looking at the data and other errors we make with "data."
Further Kevin and I explore how we misinterpret data and how we can be more conscious of our misinterpretations. In his book, Turning Data Into Wisdom Kevin encourages us to have a healthy bit of skepticism. We should always question the results we are presented with on TV. In fact, we need to get better at challenging statistics rather than trying to find ways to verify what we believe. Because that is bias. And when we are biased the last thing we are doing is Turning Data into Wisdom Whether that be for our lives or our business.
Effective communication matters more than ever. Whether you're presenting key insights to executives or trying to convey complex analyses to colleagues, your ability to craft compelling data narratives can make or break your message.
Data has become a cornerstone of decision-making across sectors, and understanding its implications is crucial. However, data alone provides an incomplete picture.
A key question facing data-driven organizations is whether to equip business units to perform their own analytics via self-service data access or rely solely on centralized data teams and tools. What is the right operating model to balance control with agility?
Critical thinking is key for informed decisions. Like puzzle pieces, we must examine the information presented, consider what's missing, and avoid jumping to conclusions. Gather diverse data to get the full picture. Use questioning techniques to identify limitations and alternative explanations.
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