April 24, 2023
A recent survey conducted by DKC Analytics in partnership with Oracle has revealed that the vast amount of data available to office workers is generating stress, with corporate executives now turning to robots to make decisions on their behalf.
The study was conducted with 14,000 employees and business executives from across the globe, including 4,500 from Asia-Pacific markets. It found that 74% of respondents in the Asia-Pacific region reported a tenfold increase in the number of decisions they make on a daily basis over the past three years, with 86% stating that the overwhelming amount of data has made their decisions at work and in life more complicated.
Furthermore, 89% of respondents said their inability to make decisions had a negative impact on their quality of life. 33% of respondents reported feeling overwhelmed and unsure about which sources or data to trust, while 71% had given up on decision-making altogether. Within this information overload, 92% said they have changed their decision-making method in the last three years, with 31% depending entirely on intuition.
The survey found that 97% of respondents believed that the right data and insight could help them make better human resources decisions, while 95% and 93% believed this for supply chain and finance-related decisions, respectively. Moreover, 43% wanted data to help them make better decisions, while 37% would want it to reduce risk, and 30% wanted data to plan for the unexpected.
The study concluded that 90% of respondents believed that access to the right type of decision intelligence could make or break their company’s success. Without data, 45% of respondents said their decisions would be less accurate, while 41% said they would be prone to error.
The sources for this piece include an article in ZDNET.
