Decision Management
Kapil Rawat | Business Analyst | G E Corp, BangaloreWhat is Decision Management?
A Career in Decision Management is very intriguing. Almost everyone seems to be talking about How to start a Career in Decision Management, while one should first develop an understanding of What is a Career in Decision Management. The most authoritative source of information on Decision Management is someone with real experience in it.
Business Analyst Kapil Rawat is an experienced professional with 3 years & 2 months in Decision Management. Here is how Business Analyst Kapil Rawat detailed Decision Management:
Use of computers allows organizations to collect enormous amount of data. Decision Management is tasked with analyzing this data to help take smarter business decisions. These decisions can comprise of anything and everything, like which advertisement to show to a particular user on Facebook or which credit card defaulters to call and when.
How Business Analyst Kapil Rawat got into Decision Management?
After M A in Economics from JNU, I started my career as a Business Analyst with G E Corp in Bangalore. In my almost two years there I was responsible for making data based collections strategies for two large US retailers with several million defaulting buyers.
Business Analyst Kapil Rawat's Talk on Decision Management |
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The Journey of a Decision Management Professional: Insights from a Thought Leader in the Field Decision management is a pivotal area that combines various disciplines to drive effective choice-making in organizations. This article explores the journey and experiences of a seasoned professional who thrives in this fascinating field, sharing insights that range from education to daily challenges. With a focus on the intricacies of decision management, we will unpack the educational foundations, vital skills, advantages, and potential hurdles faced by professionals in this domain. What Is Decision Management? Decision management is a strategic approach aimed at making systematic and informed choices in various business environments. It harnesses data and analytical tools to improve outcomes and drives the performance of organizations. Professionals in this field typically engage with complex scenarios that require a blend of analytical skills and business acumen. Their work often shapes policies and contributes to the overall success of their organizations by ensuring that decisions are based on rigorous analysis and insights. This practice not only enhances the quality of outcomes but also influences the culture of decision-making within organizations. Education A solid foundation in econometrics is crucial for professionals in decision management, as it provides essential tools for analyzing data and economic relationships. Econometrics combines statistical methods with economic theory, allowing professionals to make informed predictions and evaluations. Those pursuing a career in this field often engage deeply with this subject during their education, which equips them with the capability to model complex scenarios and assess the impact of various factors on decision-making processes. Programming is another critical educational component for decision managers, enabling them to manipulate data and create sophisticated algorithms for analysis. Proficiency in programming languages allows professionals to automate repetitive tasks, analyze large datasets, and develop models that can simulate various outcomes. This technical skill is increasingly valuable in a world that relies heavily on data-driven decision-making, and it often plays a key role in how effectively professionals can implement their analyses in real-world situations. Understanding Database Management Systems (DBMS) is essential for anyone in decision management, as these systems allow for the organization, storage, and retrieval of large volumes of data. Professionals must be adept at interacting with databases to pull relevant data for their analyses and to ensure that the information they use is accurate and up-to-date. Knowledge in DBMS also empowers them to design queries that yield insights, supporting informed decisions that drive business strategies. Skills Analytical ability is paramount for decision management professionals who must evaluate complex data sets and derive meaningful insights. This skill allows them to sift through vast amounts of information, identify patterns, and make data-driven recommendations. The analytical prowess also enables them to foresee implications of various decisions on an organization's outcomes, ensuring that they can contribute significantly to strategic planning processes. Listening is an often-underestimated skill in the decision management arena, yet it plays a crucial role in understanding diverse stakeholder perspectives. By actively listening to team members, clients, and data, professionals can capture valuable insights that ultimately inform better decisions. This skill cultivates an inclusive environment where ideas are shared openly, leading to a broader understanding of the issues at hand and enhancing collaboration throughout the decision-making process. Strong planning and prioritization skills are vital in decision management, where professionals frequently juggle multiple analyses and stakeholder expectations. The ability to prioritize tasks effectively ensures that critical analyses are completed on time and that decisions are made based on the most pressing needs of the organization. These skills help professionals to allocate resources wisely and maintain focus on long-term goals amidst day-to-day operations. Positives One of the most rewarding aspects of a career in decision management is the intellectually stimulating environment it offers. Professionals are constantly challenged to solve complex problems and think critically about various scenarios. This not only fuels their intellectual curiosity but also promotes continuous learning and professional development. Engaging in such thought-provoking work contributes to personal growth, making every day unique and rewarding. The field of decision management is inherently academic, often requiring ongoing education and engagement with theoretical frameworks. Those passionate about research and analysis find great satisfaction in exploring new methodologies and participating in academic discourse. This orientation toward learning fosters an environment where professionals can exchange ideas, experiment with innovative approaches, and contribute to the body of knowledge in the field. Challenges Despite thorough analyses and well-founded recommendations, decision management professionals often face the challenge of seeing their suggestions overlooked or not implemented. This limitation can be frustrating, as the effort put into data collection and analysis does not always translate into actionable decisions. Navigating organizational politics and ensuring alignment with stakeholders’ interests becomes an essential part of their role. Another challenge faced by decision management professionals is the limited interaction they have with frontline employees. This disconnect can hinder their understanding of practical challenges and the immediate implications of their decisions on various teams and operations. To counteract this, professionals must find ways to engage with frontline feedback to ensure their analyses are relevant and grounded in real-world experiences. While specialization can enhance expertise, it may also pose challenges in career progression. As decision management professionals delve deeper into specific areas, they might find that opportunities for broader roles become limited. This can require a proactive approach to career development, where individuals seek out cross-functional roles or additional education to diversify their skill sets and enhance their marketability. A Day Of A typical day for a decision management professional involves a blend of data analysis, stakeholder engagement, and strategic planning. They often start by reviewing data trends and preparing insights that will guide decision-making processes for various projects. Meetings with stakeholders to discuss findings and potential recommendations are common, as collaboration is key in ensuring alignment on organizational goals. The day may also include developing models or simulations to forecast the outcomes of different strategies, all while maintaining a keen eye on how their recommendations can drive organizational success. In conclusion, decision management is a multifaceted career that rewards individuals with intellectual challenges and opportunities for growth. Through a strong educational foundation, essential skills, and a willingness to navigate the complexities of organizational dynamics, professionals in this field not only influence critical business decisions but also contribute meaningfully to their organizations' strategic direction. As the demand for data-driven decision-making continues to grow, the role of decision management professionals will remain vital in shaping the future of organizations. | |
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How to get into
Decision Management?
If you are want to get into Decision Management, start by investing in a Career Plan.
The 14 hour process, guided by a LifePage Career Advisor, will help you introspect and check whether your interest in Decision Management is merely an infatuation or is it truly something you wish to do for the rest of your life.
Next, your Career Advisor will help you document how you can get into Decision Management, what education and skills you need to succeed in Decision Management, and what positives and challenges you will face in Decision Management.
Finally, you will get a Career Plan stating which Courses, Certifications, Trainings and other Items you need to do in the next 7 years to become world’s best in Decision Management.
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LifePage Plan will not stop at saying "to become an Architect study Architecture". It will guide you on which Certifications, Trainings and Other items you need to do along with your Architecture education to become the world's best Architect.
Links for this Talk
LifePage Career Talk on Decision Management

[Career]
https://www.lifepage.in/careers/decision-management

[Full Talk]
https://lifepage.app.link/20160630-0001

[Trailer]
https://www.youtube.com/watch?v=0GxR-TSNzX8
(Decision Management, Kapil Rawat, G E Corp, Bangalore, Data Mining, Data Analytics, Econometrics, Economics, KPO, Decision Sciences)
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