How much time do you spend on decision making in your role?
0-10%8%
10-30%47%
30-50%35%
50-70%7%
70-100%2%
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Head of Enterprise Architecture MERCK Group in Healthcare and Biotecha year ago
Strategy & ArchitectureTCO19%
Pricing26%
Integrations21%
Alignment with Cloud Provider7%
Security10%
Alignment with Existing IT Skills4%
Product / Feature Set7%
Vendor Relationship / Reputation
Other (comment)
Do you have a network of peers outside your organization that you regularly seek advice from?
Yes85%
No14%
1.4k views1 Upvote2 Comments
Founder in Finance (non-banking)3 months ago
May I ask if there was a TCO comparison of running these very workloads on the cloud vs on-prem? If so, in what ways did the original TCO modelling fail to reflect today’s reality?1
"Decision making requires evaluating alternatives that differ on a number of attributes. During this evaluation process, selection of options depends on the duration of the options, the duration of the expected delay for realizing the options, and the time available to reach a decision. This article reviews the relationship between time and decision making in humans with respect to this evaluation process. Moreover, the role of psychological time, as compared with physical time, is accentuated. Five topics have been selected that illustrate how time and mental representations of time affect decision making. These are (1) the duration of options, (2) temporal decision making, (3) the time between having made a decision and experiencing the consequences of that decision, (4) the temporal perspective of decision makers, and (5) the duration of the decision process. The discussion of each topic is supplemented by suggestions for further research. It is shown that psychological time is often neglected in human decision making but seems to play an important role in the making of choices."