"A new class of tools, which we call ChanceOmeters, can now measure uncertainty directly. Like a speedometer measures speed, these tools quantify the likelihood of outcomes."
"When you can see the chances move in real time, you engage both instinct and analysis. We have long described this as connecting the seat of the intellect to the seat of the pants."
"Once you account for uncertainty, the picture changes. Two of the segments may rise and fall together, while a third behaves independently."
"When uncertainty is accounted for, delays compound. The average suggests a six-week timeline, but the reality can be much different."
ChanceOmeters are new tools that quantify uncertainty and provide the odds of various outcomes, enhancing decision-making processes. Unlike traditional averages, which can be misleading, these tools allow for real-time engagement of instinct and analysis. By considering uncertainty, decisions such as customer segment targeting or product launch timelines can be optimized. For instance, diversifying customer segments can improve the likelihood of achieving sales goals, while accounting for uncertainty in timelines can lead to more accurate project completion estimates.
Read at TNW | Artificial-Intelligence
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