Why correct and complete data is crucial in decision making?
Why correct and complete data is crucial in decision making?
During the Second World War air fighter pilots were at#nbsp;huge risk. For a#nbsp;certain period of#nbsp;the conflict, the probability of pilots surviving a#nbsp;tour of#nbsp;duty was a#nbsp;bit better than 50%. It#nbsp;was clear that the planes need a#nbsp;better protection for the pilots and need to#nbsp;be#nbsp;reinforced with armour.
However it#nbsp;wasn‘t possible to#nbsp;armour the whole plane‘s body because it#nbsp;would become to#nbsp;heavy. So, they decided to#nbsp;make a#nbsp;detailed study of#nbsp;the most frequently damaged areas of#nbsp;the planes. During the study, the pattern was clear#nbsp;— many of#nbsp;the planes got hit with bullets all over the wings and fuselage, but they were not hit in#nbsp;the cockpit or#nbsp;tail.
The lesson of#nbsp;this story is#nbsp;that the military command steadied only the planes which returned to#nbsp;the base, but not considering those which were shot down. So, those people in#nbsp;a#nbsp;leadership just neglected some key data and made a completely wrong decision. I#nbsp;would say it#nbsp;was an#nbsp;opposite to#nbsp;the right one, because only the fact that those planes were not hit to#nbsp;the cockpit and tail gave them a#nbsp;good opportunity to#nbsp;return from the fight.
It#nbsp;also shows the importance of#nbsp;considering all the data, including the data which may not be#nbsp;available for you immediately.
Be#nbsp;careful with your data, think what can be#nbsp;missing from a#nbsp;dataset and study it#nbsp;all.