45% of Spanish managers would be willing for an AI to decide for them

Data overload and difficulty making decisions are hurting both individuals and businesses, according to a report “The Decision Dilemma” by Oracle and New York Times contributor, Seth Stephens Davidowitz. The study, which included more than 14,000 participants in 17 countries, including Spain, revealed that most people feel overwhelmed and unqualified to use data when making decisions, which negatively affects their quality of life and their business performance. This has led to more and more managers who would not mind if part of those decisions were made by an AI, freeing them from much of that workload. In the case of Spain, up to 45% of respondents find this possibility attractive.

The report highlights that the number of decisions we make is multiplying, and the abundance of data does not help. Study participants explain that the number of decisions they make each day ise has multiplied by 10 in the last three yearsand when trying to make a decision, 85% are bombarded by more data from more different sources than ever before.

This data overload is affecting people’s quality of life. 81% of the Spaniards surveyed indicate that this inability to make decisions has a negative impact on their quality of life, causing anxiety spikes (43%), lost opportunities (25%) and unnecessary expenses (19%).

In addition, this is also affecting, by inertia, the organizations themselves. Business leaders want to rely on data, and they know that data is critical to the success of their companies. However, they do not believe they have the tools to achieve this, which is eroding their confidence.

One of the most interesting conclusions reached by the report is that it highlights that 99% of Spanish business leaders want to rely on data, but 88% believe that the growing number of data sources makes it difficult to do so with effectiveness. Furthermore, they continue, 70% of the data available is only really useful to IT professionals or data scientists.

In fact, business leaders in Spain they do not believe that the current approach to data and analytics is providing answers to these challenges. 77% say that the dashboards and charts they have don’t always directly relate to the decisions they need to make, and only add to the noise.

On the more positive side, the document suggests that despite their frustration with data in the personal and professional spheres, Spaniards know that, without data, their decisions would be less precise (47%), less accurate (20% ) and would be more subject to errors (39%). They also consider that an organization that uses technology to make decisions based on data is more reliable (84%) and will be more successful (84%).

As Seth Stephens-Davidowitz states, “This study highlights how the overwhelming amount of information a person receives on an average day—Internet searches, news alerts, spontaneous comments from friends—is often more than the brain can handle. is ready to manage. People are tempted to ignore confusing and sometimes conflicting data to just do what feels right to them. But that can be a big mistake. It has been shown time and time again that our instincts can lead us astray and the best decision making involves a proper understanding of the relevant data. Finding a way to control the data at your fingertips so you can distinguish what is important from what is superfluous is a crucial first step for companies.”

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