Identify and detail two (2) distinct organizational decision-making scenarios

Position Paper: The Utility of Data

In the knowledge economy ‘it is all about data’, to use a widely-circulated expression. That said, while the volume and variety of data readily available to business organizations is nothing short of overwhelming, not all aspects of business decision-making can benefit equally well from the available data. Moreover, given that the past is not a perfect predictor of the future, it follows that information contained in the available data is an imperfect predictor of future outcomes.

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Your task is to identify and detail two (2) distinct organizational decision-making scenarios: One in which data can be heavily relied on for making decision, and the other in which data is considerably less helpful. Be as specific, explicit, and detailed as possible.

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