Data-Driven Decision Making

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Making decisions is an inevitable activity in life, whether at a personal level or at an institutional level. Everyone is faced with situations where a decision has to be made. There are two ways of treating such situations. One way is to consider the situation to be posing a challenge, where one is more worried about consequences of making a wrong decision. The other, obviously, is to consider the situation to be offering an opportunity, where one is interested in maximizing the benefits by making the right decision.