Meaning ● Data-Driven Decision Paralysis, within the context of SMB growth, automation, and implementation, describes a state where excessive reliance on data hinders effective decision-making. Specifically, it arises when SMBs are overwhelmed by the volume, variety, and velocity of data, leading to analysis paralysis instead of decisive action. ● This phenomenon often occurs as smaller companies attempt to leverage advanced analytics without the requisite expertise or infrastructure, resulting in delayed decisions or inaction altogether.
