Beyond Moneyball: How Organizations Can Use Collaborative Decision Making to Succeed
September 25, 2011 Leave a comment
Having just seen the movie myself, I was delighted to receive this guest post from my colleague Rita Sallam, a Research Director here who focuses on Analytics, BI, and Performance Management. It’s a good read.
As demonstrated in movie “Moneyball”, starring Brad Pitt and opening in theaters today (http://www.moneyball-movie.com/), professional sports teams are increasingly using data mining and statistical analysis to find the players that best correlate to success.
This approach has resulted in the displacement of many long-held, but less relevant, performance statistics and “gut feel” recruiting approaches. Many successful teams are building on – and supplementing – this fact-based approach to winning by using collaborative decision making (CDM) platforms that enable key team decision makers to assess, weight and optimize a combination of quantitative and qualitative measures used to select the best players at any one time to meet their specific team needs.