article thumbnail

Information Bias: Paralysis by Analysis

Idea to Value

Sometimes, having more information will not make your decisions any better. Yet many people panic before making any decision, and want to keep gathering more data and information before they feel “ready” to make the correct choices. And one of the cognitive biases which may underpin it is called the Information Bias.

Analysis 154
article thumbnail

What is a Competitor Analysis? Definition, Examples, and Template

IdeaScale

It involves gathering information about competitors' strategies, products, market share, strengths, weaknesses, and other relevant factors to gain insights and inform strategic decision-making. Here's an overview

Analysis 130
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Confirmation bias: Looking for information to prove you are right

Idea to Value

Confirmation bias is a bias that most of us suffer from, and is the tendency for you to search for, interpret, favour, and recall information in a way that confirms or supports your prior beliefs or values. Simply put: we want to find information that proves that we were right all along. Biased interpretation of information.

Data 229
article thumbnail

Examples of Businesses navigating complexity by fostering Ecosystems.

Paul Hobcraft

They offer valuable information and understanding to read and think through Business Ecosystems, such as collective learning, resistance, values of interconnected layers, barriers, a blueprint, and a base post of “Why Ecosystems. The post Examples of Businesses navigating complexity by fostering Ecosystems.

Examples 148
article thumbnail

From Data to Decisions: Maximizing Retail Potential with AI

Speaker: David Azoulay, Marc Stracuzza, Román Tejada, and guest speaker Sucharita Kodali

Imagine a retail landscape where every interaction is personalized, every decision informed, and every opportunity maximized 🤔✨ Join us for an exploratory journey into the heart of AI-driven retail innovation.

article thumbnail

Having more information will not make your decisions more accurate

Idea to Value

And usually this leads to advice about making sure you have enough information for a thorough analysis, weighing up all the factors before then being able to be confident in a decision you make. The problem is that research shows that having more information does not necessarily lead to better quality decisions.

Analysis 183
article thumbnail

What is Healthcare Innovation? Definition, Examples, Advantages, Challenges, and Digital Innovation in Healthcare

IdeaScale

It encompasses a wide range of advancements across various sectors within healthcare, including medical devices, pharmaceuticals, biotechnology, information technology,

Examples 130
article thumbnail

How to Develop a Recession-Proof Product-Led Strategy

Speaker: Wes Bush, Author of "Product-Led Growth"

Zoom, Stripe, and Airtable are all examples of software companies with strong PLG strategies. As PMs, we all know the importance of building a successful product-led growth strategy. But what else do they have in common? What features do their strategies have that allow them to see continued success in this ever-changing market?

article thumbnail

How to Package and Price Embedded Analytics

Just by embedding analytics, application owners can charge 24% more for their product. How much value could you add? This framework explains how application enhancements can extend your product offerings. Brought to you by Logi Analytics.