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Article Series: Data-Driven Decision Making

InfoQ Culture Methods

The Data-Driven Decision Making Series provides an overview of how the three main activities in the software delivery - Product Management, Development and Operations - can be supported by data-driven decision making. By Vlad Ukis.

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What are decision support systems? Sifting data for better business decisions

CIO

Decision support systems definition A decision support system (DSS) is an interactive information system that analyzes large volumes of data for informing business decisions. A DSS leverages a combination of raw data, documents, personal knowledge, and/or business models to help users make decisions.

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Startup founders need to be data-informed, not just ‘data-driven’

TechCrunch

Among all the buzzwords startups use when pitching investors and in their marketing, “data-driven” is nearly at the top of the pile. But what does being data-driven really mean? Here are a few tips: Stop using unfiltered data. Using raw, unfiltered data is common at startups that don?

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5 surefire ways to derail a digital transformation (without knowing it)

CIO

My experience leading many digital transformations is that failures stem from a series of derailments, many of which are inadvertent. CIOs must communicate strategy and goals when making investment cases and garnering support from the CEO, executives, and the board.

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Hawk AI, an anti-money laundering and fraud prevention platform for banks, raises $17M

TechCrunch

Hawk AI , a German company developing anti-money laundering (AML) and tangential fraud prevention smarts for financial institutions, has raised $17 million in a Series B round of funding. The Series B round was led by Sands Capital, with participation from Picus Capital, DN Capital, Coalition, and BlackFin Capital Partners.

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Real-time data startup Quix raises a $12.9M Series A round led by MMC Ventures

TechCrunch

The complexity of streaming data technologies – not just streaming video but any kind of streaming data – has created a headache around dealing with that high speed data processing. The Quix founders are familiar with real-time decision-making, having worked in Formula 1, where success is based on milliseconds.

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Taktile raises $20M to help fintech companies test and deploy decision-making models

TechCrunch

The logic behind many fintech companies’ automated decisionsdecisions that determine whether a customer is approved for a credit line, for example — is hard-coded into their app’s backend. It’s a lot of sensitive data that Taktile handles. But investors apparently see growth potential. million. .

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