A new study conducted by Oracle and author Seth Stephens-Davidowitz has revealed that a staggering 87% of Indian business leaders prefer to let robots make their decisions. This comes amidst the growing complexity of decision-making process and the sheer amount of data an individual has to form an opinion on. 90% of business leaders in the country have felt guilty or questioned their decisions in the past year, while 82% find it overwhelming to make their decisions due to immense amount of data. As a result, nearly 88% feel that their quality of life has been negatively impacted, resulting in anxiety and a potential for wasted expenditure.
The study further reveals that 97% of Indians believe data-driven decision making makes a company more trustworthy, with 95% feeling it is safe to invest in, 94% opting to partner with, and 96% working for a company that utilizes AI and robotics to make decisions. The process of making decisions have also been altered, with 51% employees only listening to reliable sources and 37% going only by their gut instinct.
Oracle Fusion Cloud Applications Suite, a company mentioned in the article, is seeing numerous benefits with the integration of data analytics and process optimization. Sai Satheesh Sadgopan, Chief Technology Officer, myTVS voiced his opinion, saying that “We are already realising numerous benefits, including streamlined inventory planning, faster and more accurate accounting book closing, and report generation for our stakeholders.”
Seth Stephens-Davidowitz, the author of the survey, is a New York Times bestselling author of the critically acclaimed book Everybody Lies: Big Data, New Data, and What the Internet Can Tell Us About Who We Really Are. He is a former Google data scientist and current founder of the data science and strategy firm Empire Analytics. Since 2011, he has been a regular contributor to The New York Times, where his data-driven articles have explored topics like the economics of universities, influencers, and technology. He has also been featured in many prominent outlets like The New Yorker, The Wall St. Journal, The Guardian, MSNBC, and NPR.
