Your task is to identify and detail two (2) distinct organizational decision-making scenarios

 

In the knowledge economy ‘it is all about data’, to use a  widely-circulated expression. That said, while the volume and variety of  data readily available to business organizations is nothing short of  overwhelming, not all aspects of business decision-making can benefit  equally well from the available data. Moreover, given that the past is  not a perfect predictor of the future, it follows that information  contained in the available data is an imperfect predictor of future  outcomes.

Your task is to identify and detail two (2) distinct organizational  decision-making scenarios: One in which data can be heavily relied on  for making decision, and the other in which data is considerably less  helpful. Be as specific, explicit, and detailed as possible