“Without data, you’re just another person with an opinion.” ~ W. Edwards Deming Data and its use is a very hot topic these days. Significant controversy exists over decision making regarding Covid-19 strategies and the quality or lack there of the data supporting government policies. Scientific disagreements and so called ‘academic arguments‘ are appropriate, especially
“If it disagrees with experiment, its wrong” Our point today is to assess how behavioral decisions are being made today; not about the politics of one candidate or the other. The race to the US presidential election has entered its final phase. As of this writing, establishment wisdom holds the conventional candidate as the presumptive
In statistics a Latent Variable can be defined as, ‘a variable inferred from observed or measured data.’ Its analysis is often used psychology, economics, and predictive modeling. This author used Structural Equation Models (SEM) in his 1996 doctoral dissertation, Cross Cultural Negotiations Between Japanese and American Businessmen: A Systems Analysis (Exploratory Study). From that abstract,
The anecdote, ‘A Funny Thing Happened on the Way to’ wherever manifests itself for a number of paths. One interpretation; we often end up somewhere other than expected. We find ourselves at another historical precipice. Some suggest Armageddon, the end of life as we know it and the emergence of a new normal. This writer
We have been hearing for years how, Big Data Analysis will help us optimize our businesses and generate performance at levels here to for never hear of. So where is it now? Two major sources for data on the Covid-19 virus are Johns Hopkins University and the Centers for Disease Control and Prevention. This is
At lunch the other day and for whatever reason, the history of the 3M Post It Note became a subject of our conversation. This technological marvel unveiled in the 1970s is still widely used today. As with other new or disruptive technologies, the ‘sticky note’ was panned at first and for some time. According to
Since it was first uttered in the early 1990s, the phrase “It’s the economy stupid” has been used and misused extensively. Let’s squander the lexicon one more time. The US ‘silly’ political season is well underway and forecast to last almost 13 more months—no telling what voodoo economics will emerge. Those of us with our
I recently submitted an internal organizational document that was spellchecked in addition to my review; several times. One sentence where there the intent was to say, “that which is …” was change to “that witch is …” Did I type it wrong or did ‘auto correct’ take over the decision process? In any event spellcheck
“Failures of culture have been the single biggest destroyers of value in the last five years,” states the former senior vice president of HR of Google in a recent article. This revelation by one of the contemporary tech giants supports the previous dictum, “Culture eats strategy for breakfast.” Depending on one’s perspective, this latter quote
