They are the ones surpassing the competition and navigating the economic environment with strength and resilience.
Knowledge workers are looking for confidence and accuracy when making decisions within their organization. However? one of the top challenges faced by decision-makers and analysts is the quantity of decisions that need to be made.
The research found that it takes on average two Using Technology days for companies to make an operational decision? seven days to make a tactical decision? and 20 days to make a strategic decision. The current economic landscape is in a state of uncertainty and organizations need to react and adapt quicker than ever. This means making more confident and accurate decisions at a faster speed. Taking two to 20 days to make decisions gives your competitors a chance to accelerate past you. Using technology such as synthetic data and generative AI (genAI) helps to speed up the decision-making process and allows all employees to feel more confident in their decisions.
Using Synthetic Data Practices to Solve Business Problems
Mastercard is utilizing synthetic data to increase thailand whatsapp number data revenue? accelerate innovation? and build trust and understanding of data. Synthetic data is a type of Privacy Enhancing Technology (PET) that allows one to create a new data set that is as statistically similar as possible to the underlying data while not including personal data.
At a recent analytics event? John Derrico? VP of Data have a good trip, colorful rooster! Strategy for Mastercard? explained how synthetic data can be integrated into pre-built workflows? giving wider access to employees needing to make informed decisions. By using synthetic data? Mastercard has demonstrated an opportunity for organizations to administer data for better decision-making and diminish concerns about data privacy.
This positive result comes as no surprise
As our research showed that 80% of the agb directory global total of respondents agreed that having the ability to access and analyze data has had a positive impact on decision-making abilities.
