REGISTER   |   LOGIN   |   HELP
Home  |  Blogs  |  Message Boards  |  Webinars  |  Resources |  By Channel
Supporting Opinion | Explorer vs. Detective

Best Analytics Approach: Holmes vs. Columbus

NO RATINGS
View Comments: Newest First | Oldest First | Threaded View
Page 1 / 2   >   >>
aaphil
User Rank
Blogger
Re: A matter of degree
aaphil   4/22/2012 12:19:38 PM
NO RATINGS
That sounds like a successful implementation. Have they implemented identical analytics to other business units since then?

Murali Sastry
User Rank
Prospector
Re: A matter of degree
Murali Sastry   4/20/2012 10:17:11 PM
NO RATINGS
Dear all,

I agree with everyone that less is more. From my exposure to organizational goals and objectives, strategic plans provide direction to medium term and tactical initiatives which in turn provide direction to organizational goals and metrics.

Critical few goals (e.g., Profitability, Cost, Quality & Safety, and Growth) provide laser-like focus to the organization. Within the organization every employee has the same goals but the matter and degree (% of contribution) would differ.

This in my past experience has helped the organization to keep a standard, simple, and focused pursuit towards organizational alignment.

Murali Sastry

Murali Sastry
User Rank
Prospector
Re: Best Analytics Approach: Holmes vs. Columbus
Murali Sastry   4/20/2012 9:53:07 PM
NO RATINGS
Piyanka,

I appreciate your complements.

I forgot 1 last step in the problem solving process.

After corrective action is verified, typically there is an activity widely known as "Lessons Learned" where the process owner shares lessons learned within the organization or if it is a global organization with other facilities to prevent others from creating the same defect.

This step would be very beneficial in any endeavor of the organization.

Thanks again for the opportunity.

Murali Sastry

Piyanka@Aryng
User Rank
Master Analyst
Re: Best Analytics Approach: Holmes vs. Columbus
Piyanka@Aryng   4/19/2012 11:15:45 PM
NO RATINGS
Murali,

 

Very well laid out "structured" problem-solving to manufacturung defects.. Thanks for sharing.

 

Piyanka

Murali Sastry
User Rank
Prospector
Best Analytics Approach: Holmes vs. Columbus
Murali Sastry   4/19/2012 10:48:55 PM
NO RATINGS
The defective product in a manufacturing process typically has tell-tale signs in addition to product identification. Using scientific approach to problem solving, the following could be collected in a matter of minutes to an hour:

1. Product produced on an assembly line (date code stamp) on product if available. 2. Review existing Failure Mode and Effects Analysis (FMEA) 3. Control plan for the line and product (shows inspection, and test protocol and criteria etc.) 4. Process flow diagram (process sequence with responsibilities, operation etc).

Based on the above, following actions are typically taken:

1. Containment Action (in suspect product lot) so suspect product is quarantined from rest of "good" production parts.

2. Root Cause Analysis-combination of brainstorming (with process experts), review of tell tale signs of product failure, talking to "parts" (identifying differences and causes of Best of the Best (BOB) and Worst of the Worst (WOW) products, Fish Bone Diagram, etc. could be drawn to move towards most likely cause and testing the cause by turning the problem "on" and "off" to finalize the root cause.

3. The above step is critical in leading towards problem resolution (permanent corrective action) that directly addresses the root cause identified above.

Typically the problem resolution happens in days to weeks depending on complexity of the problem, identification of causes, organization culture, infrastructure conducive to problem solving etc.

I like the article on Holmes Vs. Columbus. It is thought provoking and thanks to Piyanka.

Murali Sastry

Shawn Hessinger
User Rank
Blogger
Re: A matter of degree
Shawn Hessinger   4/18/2012 11:12:36 PM
NO RATINGS
Piyanka,

A clear example of how sometimes less is more. It also illustrates your point perfectly. In this case, looking for the right solutuion for an unweildy problem was clearly the right approach.

Daniel
User Rank
Data Doctor
Re: A matter of degree
Daniel   4/18/2012 7:44:02 AM
NO RATINGS
1 saves
"However, practically, I have seen, the better the tool, the higher the expectation/dependence on the "tool" showing the right answer"

Priynka, you are right. There are many tools for the same reason and the output only depends up on the input datas. Tools cannot create any outputs; it can only segregate the results based on inbuilt equations and decision blocks. So the data flow and decision approaches are more important.

Anish
User Rank
Blogger
Re: A matter of degree
Anish   4/17/2012 6:49:32 PM
NO RATINGS
Piyanka's view is what I strongly believe in as well. If the tools were too perfect, nobody would hire an analyst. Most of the tools though advanced and user friendly, unfortunately lack "scope for customization". A perfect GUI can just get you what you need but not interpret the results for you. How would a marketing manager understand  'Rsquare' , 'chi-square' and 'validation misclassification rate'.

It is the analysts who need take the " Statistics to Business reommendations" path rather than relying on a tool with the threat for "Garbage in Garbage out" 

BethSchultz
User Rank
Blogger
Re: A matter of degree
BethSchultz   4/17/2012 4:29:38 PM
NO RATINGS
Ah ha! Good point Piyanka. I do think some cuation is needed when introducing data visualization, for the very reasons you spell out. Great for those who "get it," but too much of a detraction for those who only think they get it. Thanks!

 

Piyanka@Aryng
User Rank
Master Analyst
Re: A matter of degree
Piyanka@Aryng   4/17/2012 4:20:37 PM
NO RATINGS

Theoretically, you are right!

However, practically, I have seen, the better the tool, the higher the expectation/dependence on the "tool" showing the right answer.  But unfortunately, tool doesn't have the answer, the analyst with a proper method can find the answer. So my experience with great visual tools is it often distracts because it can visualize anything and everything and can thus allow a user to be lazy and dump everything into the tool and see what comes up.. a common mistake I see is folks would get super excited by a deviation from trend and would spend a lot of time on it before realizing that the trend affects very very tiny percentage of the population (like a very small country in emerging markets) and thus has literally no impact on the business (for example: on the overall global business) even though visually, one sees a clear deviation from the mean.. So in my experience

1. good tool + good skills  = great business results

2. good tool <> great business results


 

Page 1 / 2   >   >>
More Blogs from Point / Counterpoint
Companies seeking to extract maximum value from data and statistics need a specialized data visualization expert.
Chances are you've already got good data visualization experts on staff, even if you don't know it yet.
Banks have tons of customer data at their disposal; unfortunately not all will use it scrupulously.
If banks want to know more about consumers, and act on it with customized offers, then let them have at it.
Using big-data to drive retail prices up and down several times a day just seems likely to make already skittish consumers more anxious.
AllAnalytics Video Blogs
Healthcare Data Needs a ...
Tackling healthcare data management challenges ...

2:39

0 comments
In the Talent Sweet Spot
Gen Y shapes the new analytics workforce.

3:25

0 comments
A2 on the Road
What we found at last month's SAS Global Forum 2014.

2:28

0 comments
T-Mobile Hears Data's Call
Internal customer data provides an analytics ...

2:50

0 comments
A Is for Analytics in Academia
Professors and students agree that access to ...

4:11

0 comments
Advocating for Analytics ...
Analytics and business experts explore what it ...

5:51

0 comments
Analytic Myths: True or False?
Analytics experts give us their perspective on four ...

4:29

0 comments
We'll Be Your Eyes & Ears
We'll be on the scene at SAS Global Forum events in ...

2:15

0 comments
7 Tips for Deploying ...
We chat with Analise Polsky, a data visualization ...

33:15

0 comments
Top Big Data Platforms
All Analytics editors Beth Schultz and Michael ...

31:53

3 comments
Attention on Retail Shoppers
The retail store of the future will track customers ...

02:14

16 comments
Demand-Driven Forecasting
Charles Chase, chief industry consultant for the ...

02:22

1 comment
Intelligent Labels & LE ...
Andrew Dark, CEO of Displaydata, explains the ...

03:21

0 comments
Big-Data & In-Store Analytics
SAS Institute's Lori Schafer shares insights on ...

02:31

5 comments
Privacy Protection in 7 Steps
Gaurav Pant, SVP of Research and Principal Analyst ...

03:05

1 comment
Quick Poll
Cartoon
Most recent post: Its all in the fine print!
CARTOON ARCHIVE
AllAnalytics House Ad
Digital Audio
Latest Archived Broadcast
Thought-leader Tom Davenport explains why you and your company need to recognize big data's importance.
April 29th 2pm EDT Tuesday
Readerboards
Have a question or topic but don't want to write a blog? Post it on our readerboards and get feedback from the community!
MORE READERBOARDS
Live Video
On-demand Video with Chat
As retailers evolve toward an omnichannel environment, much of their success will depend on how effectively they use big-data and analytics.
Upcoming Events
for the Business and IT Communities
Executive forums with additional hands-on learning opportunities offered around the world
Each ideal for practitioners, Business leaders & senior executives
SAS Health Analytics Virtual Conference
The Health care is rapidly transforming. And there has never been a greater need for analytics. We're tackling tough challenges like data transparency, care delivery, consumer engagement, and financial and clinical risk. And there are still numerous opportunities to use health data that we haven't even tapped into.
May 14, 2014
2014 VA Interactive Roadshow -- Houston
The 2014 VA Interactive Roadshow will feature SAS® Data Management and SAS® Visual Analytics experts covering topics like prepping data for VA and VA integration with SAS® Office Analytics. This year's events will keep presentations at a minimum and focus on giving attendees hands-on exposure to the latest version of VA.
May 15, 2014
Houston, Texas
2014 VA Interactive Roadshow -- New York
The 2014 VA Interactive Roadshow will feature SAS® Data Management and SAS® Visual Analytics experts covering topics like prepping data for VA and VA integration with SAS® Office Analytics. This year's events will keep presentations at a minimum and focus on giving attendees hands-on exposure to the latest version of VA.
June 19, 2014
New York, New York
2014 VA Interactive Roadshow -- Rockville, MD
The 2014 VA Interactive Roadshow will feature SAS® Data Management and SAS® Visual Analytics experts covering topics like prepping data for VA and VA integration with SAS® Office Analytics. This year's events will keep presentations at a minimum and focus on giving attendees hands-on exposure to the latest version of VA.
July 17, 2014
Rockville, Maryland
2014 VA Interactive Roadshow -- Detroit
The 2014 VA Interactive Roadshow will feature SAS® Data Management and SAS® Visual Analytics experts covering topics like prepping data for VA and VA integration with SAS® Office Analytics. This year's events will keep presentations at a minimum and focus on giving attendees hands-on exposure to the latest version of VA.
Aug. 7, 2014
Detroit, Michigan
2014 VA Interactive Roadshow -- Chicago
The 2014 VA Interactive Roadshow will feature SAS® Data Management and SAS® Visual Analytics experts covering topics like prepping data for VA and VA integration with SAS® Office Analytics. This year's events will keep presentations at a minimum and focus on giving attendees hands-on exposure to the latest version of VA.
Sept. 16, 2014
Chicago, Illinois
2014 VA Interactive Roadshow -- Cary, NC
The 2014 VA Interactive Roadshow will feature SAS® Data Management and SAS® Visual Analytics experts covering topics like prepping data for VA and VA integration with SAS® Office Analytics. This year's events will keep presentations at a minimum and focus on giving attendees hands-on exposure to the latest version of VA.
Oct. 10, 2014
Cary, North Carolina
2014 VA Interactive Roadshow -- Boston
The 2014 VA Interactive Roadshow will feature SAS® Data Management and SAS® Visual Analytics experts covering topics like prepping data for VA and VA integration with SAS® Office Analytics. This year's events will keep presentations at a minimum and focus on giving attendees hands-on exposure to the latest version of VA.
Nov. 4, 2014
Boston, Massachusetts
2014 VA Interactive Roadshow -- Atlanta
The 2014 VA Interactive Roadshow will feature SAS® Data Management and SAS® Visual Analytics experts covering topics like prepping data for VA and VA integration with SAS® Office Analytics. This year's events will keep presentations at a minimum and focus on giving attendees hands-on exposure to the latest version of VA.
Dec. 11, 2014
Atlanta, Georgia
Analytics 2014
The The Analytics 2014 Conference is a two-day educational event for anyone who is serious about analytics. This annual event brings together hundreds of professionals, industry experts, and leading researchers in the field of analytics. Register before April 30 for the early-bird discount.
June 4 & 5, 2014
Frankfurt, Germany
AllAnalytics on Twitter
AllAnalytics Twitter Feed
AllAnalytics Videos
Intro to Visual Analytics
Find a way to visualize your data and watch it come ...

1:58

0 comments
Visual Analytics, Instant ...
Analytics results delivered in visual form are ...

2:06

2 comments
Big Data, Fast Infrastructure
Big data calls for a high-performance analytics ...

3:35

6 comments
Red Hot Analytics
Jayson Tipp, Redbox VP of Analytics and CRM, ...

3:51

5 comments
Hotelier Checks Out Analytics
InterContinental Hotels Group has woven analytics ...

06:55

11 comments
Like Us on Facebook
Point/CounterpointBlog
LEADERS FROM THE BUSINESS AND IT COMMUNITIES DUEL OVER CRITICAL TECHNOLOGY ISSUES

The Current Discussion

Visual Analytics: Who Carries the Onus?
The Issue: Data visualization is an up-and-coming technology for businesses that want to deliver analytical results in a visual way, enabling analysts the ability to spot patterns more easily and business users to absorb the insight at a glance and better understand what questions to ask of the data. But does it make more sense to train everybody to handle the visualization mandate or bring on visualization expertise? Our experts are divided on the question.
The Speakers: Hyoun Park, Principal Analyst, Nucleus Research; Jonathan Schwabish, US Economist & Data Visualizer
MORE POINT/COUNTERPOINT BLOGS
About Us  |  Contact Us  |  Help  |  Register  |  Twitter  |  Facebook  |  RSS


Beth Schultz
Healthcare Data Needs a Booster

4|23|14   |   2:39   |   (0) comments


W. Ed Hammond, Director of the Duke Center for Health Informatics, spoke from the recent 2014 SAS Global Forum Executive Conference about the data management challenges involved in healthcare today.
Beth Schultz
In the Talent Sweet Spot

4|23|14   |   3:25   |   (0) comments


Jason Dorsey, chief strategy officer for the Center for Generational Kinetics and keynote speaker at last month's SAS Global Forum 2014, describes how Gen Y professionals are enhancing the makeup of multigenerational analytics organizations.
Beth Schultz
A2 on the Road

4|22|14   |   2:28   |   (0) comments


From analytics talent development to the power of visual analytics, All Analytics found a variety of common themes circulating throughout the exhibition floor and session discussions at the 2014 SAS Global Forum and SAS Global Forum Executive Conference events held last month in Washington, DC.
Beth Schultz
T-Mobile Hears Data's Call

4|22|14   |   2:50   |   (0) comments


Talking with All Analytics live from the 2014 SAS Global Forum Executive Conference, Eric Helmer, senior manager of campaign design and execution for T-Mobile, discussed the importance of customer data -- starting internally -- in devising the mobile operator's marketing plans.
Beth Schultz
A Is for Analytics in Academia

4|21|14   |   4:11   |   (0) comments


Interviewed live at SAS Global Forum 2014, professors and students agree that access to enterprise analytics software in academic programs better prepares graduates for their careers.
Beth Schultz
Advocating for Analytics Culture

4|21|14   |   5:51   |   (0) comments


Speaking at the recent SAS Global Forum Executive Conference, analytics executives, business experts, and SAS insiders explore what it means to build an analytics culture.
Beth Schultz
Analytic Myths: True or False?

4|21|14   |   4:29   |   (0) comments


At the recent 2014 SAS Global Forum Executive Conference, five analytics experts give us their perspective on whether four common myths about IT and analytics are true or false.
Beth Schultz
We'll Be Your Eyes & Ears

3|20|14   |   2:15   |   (0) comments


We'll be on the scene at SAS Global Forum events in Washington, D.C., March 23 to March 25, glad to share what we learn with our community members.
Beth Schultz
7 Tips for Deploying Visualization

3|7|14   |   33:15   |   (0) comments


We chat with Analise Polsky, a data visualization thought leader on the SAS Best Practices team, about what you need to know before you deploy data visualization.
Michael Steinhart
Choosing a Big-Data Analytics Platform

2|19|14   |   31:53   |   (3) comments


The big-data analytics market can be a confusing place. Among the vendors vying for your dollars are traditional database management providers, Hadoop startup services, and IT giants. In this video, All Analytics editors Beth Schultz and Michael Steinhart sit down in a Google+ Hangout on Air with Doug Henschen, executive editor of InformationWeek. Henschen discusses use cases for big-data analytics, purchase considerations, and his recent roundup of the top 16 big-data analytics platforms.

Related posts:

— Michael Steinhart, Circle me on Google+ Follow me on TwitterVisit my LinkedIn pageFriend me on Facebook, Executive Editor, AllAnalytics.com

Michael Steinhart
Keeping a Close Eye on Shoppers

2|13|14   |   02:14   |   (16) comments


At the National Retail Federation BIG Show last month, All Analytics executive editor Michael Steinhart noted a host of solutions for tracking and analyzing customer activity in retail stores. From Bluetooth beacons to RFID tags to NFC connections to video analytics, retailers must find the right combination of tools to help optimize the shopper experience, streamline operations, and boost revenues.

Related posts:

— Michael Steinhart, Circle me on Google+ Follow me on TwitterVisit my LinkedIn pageFriend me on Facebook, Executive Editor, AllAnalytics.com

Michael Steinhart
Real-Time Demand Drives Forecasting

2|11|14   |   02:22   |   (1) comment


The days when historical shipment trends and gut feelings were enough to forecast retail demand accurately are long over. SAS chief industry consultant Charles Chase outlines the benefits of pulling real-time sales information from point-of-sale and product scanner systems, then flowing that data into dynamic forecasting tools from SAS.

— Michael Steinhart, Circle me on Google+ Follow me on TwitterVisit my LinkedIn pageFriend me on Facebook, Executive Editor, AllAnalytics.com

Michael Steinhart
Next-Gen Retail: Electronic Labels & Bluetooth Beacons

2|7|14   |   03:21   |   (0) comments


Electronic shelf-edge labels (ESLs) equipped with low-energy Bluetooth beacons enable retailers to deliver real-time customer interaction and execute dynamic pricing strategies. Andrew Dark, CEO of Displaydata, outlines the ESL architecture and explains how it integrates with backend management and analytics systems.

Related post:

— Michael Steinhart, Circle me on Google+ Follow me on TwitterVisit my LinkedIn pageFriend me on Facebook, Executive Editor, AllAnalytics.com

Michael Steinhart
Retail Trends: Big Data Optimizes Sales & Operations

2|4|14   |   02:31   |   (5) comments


Retailers like Family Dollar and suppliers like Procter & Gamble are using big-data analytics to maximize efficiency and revenue across the entire supply chain. Lori Schafer, Executive Advisor for the SAS Institute Retail Practice, moderated a panel with executives from these companies at the National Retail Federation BIG Show in New York last month. Here, she shares insights on retail supply chain optimization and in-store customer tracking for targeted sales.
Michael Steinhart
7 Steps to Protecting Customer Privacy

1|31|14   |   03:05   |   (1) comment


EKN Research's "The Rising Importance of Customer Data Privacy in a SoLoMo Retailing Environment" report details the top challenges and opportunities that retailers face when embracing big data analytics. EKN SVP of Research and Principal Analyst Gaurav Pant explains the importance of data management and lays out seven steps that retailers can take to ensure customer privacy while reaping the benefits of big data.
Videos
Intro to Visual Analytics

6|5|13   |   1:58   |   (0) comments


With today's advanced visual analytics tools, you can stream data into memory for real-time processing, provide users the ability to explore and manipulate the data, and bring your data to life for the business.
Videos
Visual Analytics, Instant Insight

5|16|13   |   2:06   |   (2) comments


Dynamic data visualizations let analysts and business users interact with the data, changing variables or drilling down into data points, and see results in a flash. Advance your use of data visualization with tools that support features like auto-charting, explanatory pop-ups, and mobile sharing.
Videos
Big Data, Fast Infrastructure

2|14|12   |   3:35   |   (6) comments


No doubt your enterprise is amassing loads of data for fact-based decision-making. Hand in hand with all that data comes big computational requirements. Can traditional IT infrastructure handle the increasing number and complexity of your analytical work? Probably not, which is why you need a backend rethink. Big data calls for a high-performance analytics infrastructure, as Fern Halper, a partner at the IT consulting and research firm, Hurwitz & Associates, discusses here.
Videos
Red Hot Analytics

1|10|12   |   3:51   |   (5) comments


Redbox's bright-red DVD kiosks are all but ubiquitous these days, located in more than 28,000 spots across the country. Jayson Tipp, Redbox VP of Analytics and CRM, provides an insider's look at how the company has accomplished its phenomenal nine-year growth.
Videos
Hotelier Checks In With Analytics

12|14|11   |   06:55   |   (11) comments


InterContinental Hotels Group (IHG), a seven-brand global hotelier, has woven analytics into the fabric of its operations. David Schmitt, director of performance strategy and planning, shares IHG's analytics story and his lessons learned.