What is Data Analytics? What are the two approaches to decision making in Data Analytics? Analyzing Real-life Example of Perception in Decision Making To better understand perception's role in decision-making, let's explore a real-world example. Consider a corporation deciding between investing in a new technology or continuing with their existing system. Two key decision-makers, the CEO and the Chief Technology Officer (CTO), have different perceptions about the situation. The CEO, with an expe
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