IT Managers have to get with the program
It is a cliche, but Senior IT staff need to talk in business terms, not technology terms.
Decision making: Use Risk Management. If you don't actually know what I mean by this, go and do a course of study.
Good risk management will address points 1 and 3 above and end up with decisions that your business partners or peers understand.
I agree that no decision is the worst option but good risk management can turn that 70% into something higher.
(PS 70% info x 70% analysis comes out at 49% probability of being right. Not good odds.)