Decision intelligence in our age of digitalization and datafication requires IQ, EQ and DQ: Digital intelligence. Data and AI Literacy is therefore an indispensable competence for making intelligent decisions. Data and AI Literacy is the ability to generate, process, analyze, present meaningful information from data and develop, use, and apply artificial intelligence (AI) and related algorithmic tools and strategies in order to guide informed, optimized, and contextually relevant decision-making processes. This is about much more than technical skills. Data and AI literacy also includes an attitude of openness. In particular, data ethics is a central component of any set of data-related skills and competencies, so that decision-making processes are also characterized by emotional intelligence.