Words describe the process using data automate the decision

Overview

Luis Guilamo indicated that system 1 and system 2 mindsets both have their place. As he gets more experience with a problem, he relies more on system 1 because time is of the essence. In contrast, when he sees a new problem, he suggests that a system 2 mindset is important.

Answer the following questions:

1. Identify a business decision that has become more data-driven, such as evaluating loan applications or trading stocks.You can use an example from your own experience, or one that you learned about from your own investigation. You may also consider a business decision that has not yet become more data-driven, but that you would like to become more data-driven. In 100-300 words describe how this decision is made without the help of data analytics.