Making risk decisions are hard, we have to be convinced to act

"to decide to step off a tiny platform 22km above earth to parachute from space requires confidence all the risks are managed"

We have become good at documenting risk but are not good at managing risk to achieve outcomes.

Whilst regulatory reporting is important, it has become a risk documentation process.

To better make risk, regulated decisions, we have to understand the human brain makes decisions and assesses risk with the emotional part of the brain.  We will never change this.

This is why DX-Decision Experience is critical to get quicker, better outcomes from your leaders with less risk and at less cost.

"DX is about how humans think"

The challenge of left &  right brain in risk & decision making

We found that data driven decisions conflicted with how the brain processes decisions leading to decision paralysis and poorer outcomes.

While the left hemisphere of the brain processes data and analytics, it is the right hemisphere that ultimately makes decisions.

The right hemisphere may question the conclusions of the left, leading to what we perceive as doubt. Decisions are more influenced by triggers processed by the right hemisphere.

Current systems are tailored for the left hemisphere, leading to conflict. By creating management systems that cater to the decision-making processes of the right hemisphere, we can enhance decision performance.

DX trains the right brain to make great decisions

We "prepare" the right hemisphere of the brain to make a decision by painting a picture.

The more prepared we are the more confident we are and the more convinced we are. The human mind prepares by "what-if" exercises. "what-if we did this", "what-if that went wrong", "what-if the market changed".

Regulators follow this with their growing focus on stress tests and scenario analysis.

"To be prepared for any future, adapt to any scenario"

This is why so many decision makers still use spreadsheets as it helps them with "what-if" analysis.

Now imagine asking AI "What-if".  This is the power of EVP - Enterprise Value Planning.