Sublime

If things don’t work out as planned, it’s unclear who is responsible for stepping in. With the advice process, the ownership for the decision stays clearly with one person: the decision maker.

Companies can now base important decisions on real, scientifically valid experiments. In the past, any foray into randomized testing (the random assignment to groups that we mentioned above) meant employing or engaging a PhD in statistics or a “design of experiments” expert.

What would be the equivalent of mortgage origination in the case of a career shift credit? I think that the abundance of data creates value that makes it easier for banks to reach better allocation decisions. Much like Amazon in retail and Facebook in design[450], banks need to learn to exploit data so as to turn everything, including failure, into