- by shehan, Prospector
- 4/20/2013 9:50:08 AM
@Jeff- The analyzed information needs to make it to the decision makes for it to support the decision making process. I feel that this does not happen all the time and needs to be corrected to the best use of analysis.
- by louisw900, Blogger
- 4/14/2013 9:54:00 PM
I like the formula QxA = E . A very effective way to remind analyst that decision makers need to be aware and actively engaged in an effective analytical pursuit.
And I also think most truths can be denoted by an equation of three variables ! : )
- 4/12/2013 9:42:22 AM
Alan Taber, who's with Lockheed, writes in the INFORMS Analytics Conference blog roll that the simple Q x A = E mental model Boeing's Jerry Allyne talked about during his keynote (see The Art of Analytics & Decision Making at Boeing) bubbled up in conversations aaround the conference, becoming somewhat of a theme. I'd agree. During several of the sessions I attended after the keynote the speakers referenced in the formula. I'm wondering how many folks use it or something similar to keep the alignment between analytics and the business. Anybody care to share?
- 4/11/2013 4:51:28 PM
Jeff, well put. As Allyne said, you do your best to make the data acceptable to the decisions makers. Even if they don't make the decision you think they should make, you'll be able to take pride in the work you've done nonetheless!
- by Jeff, Data Doctor
- 4/11/2013 10:22:25 AM
Agreed. As an analyst you have to assume there are 'other factors' that come into play. Things that are qualitative and sometimes, just off your rador. This is what decision makers do, you have to give them the right information and then let them go do what they are paid to do. Decide.
- 4/11/2013 10:13:57 AM
Right. I was impressed with the seriousness with which Allyne approaches Q x A = E formula and how hard he works at making sure his team follows it. Starting with the hiring process is the smart move.
- by Olivia Parr-Rud, Blogger
- 4/11/2013 8:44:42 AM
Thanks for the great interview! I especially like how he hires people who have the right skills to think strategically as well as tactically. And they must have strong communication skills.
- 4/10/2013 5:17:01 PM
Jeff, you are lucky, indeed, to be at a place where management is involved and you make solid decisions. I would imagine, though, that even so the decisions don't always come easily. I think that's important to remember, too -- knowing that the decision making requires give and take. From an analyst perspective, that can mean not being so focused on the quality of the analytics -- " BUT LOOK AT THESE RESULTS!!! THEY'RE IMPECCABLE" -- that you can't see the business side of the equation.
- by Jeff, Data Doctor
- 4/10/2013 12:54:28 PM
I agree. Without leaders involved. Without decision makers on board with what/how/why you are analyzing. You just won't get very far. You can't let them fake it either. Make sure they understand what you are doing. Why and how you are doing it.
I assume this varys from company to company. I'm lucky to work at a place where management is involved and we make solid decisions.