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Achieve maximum results with little effort - thanks to Pareto

02/21/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

The Pareto effect, also known as the 80/20 principle, is an important principle of economic theory that states that 80% of the results are due to 20% of the effort. This means that maximum results can be achieved with little effort by focusing on the essential 20% of effort.

To apply the Pareto Effect, you must first make a list of all the tasks you need to complete to achieve your goal. Then identify those tasks that have the greatest impact on your outcome. These are the ones you need to complete first. To prioritize the tasks, it can be helpful to sort them by importance and urgency.

Another important step is to automate tasks. Many tasks can be simplified and expedited through automation, which reduces the time and effort required to complete them. With automation, many tasks that are a large part of the effort can be done automatically, giving you more time to complete the essential tasks.

Because of the Pareto effect, you can achieve maximum results with little effort. To do this, you just need to identify and prioritize the essential tasks and automate the rest of them. With the right planning and implementation, you can achieve maximum results effortlessly.

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