Tag Archives: Data

The Biggest Manufacturing Countries in 2008 with Historical Data

Once again the USA was the leading country in manufacturing for 2008. And once again China grew their manufacturing output amazingly. In a change with recent trends Japan grew output significantly. Of course, the 2009 data is going to show … Continue reading

Posted in Data, Economics, Manufacturing | Tagged , , , , , , , | 5 Comments

Making Better Decisions

I think the most important thing you can do to make better decisions is to learn from the decisions you make. It sounds easy, but very few people do so effectively. The best strategy to learn from decisions is to: … Continue reading

Posted in Management, Process improvement, quote, Systems thinking | Tagged , , , , , , , , , , | 4 Comments

Highlights from Recent George Box Speech

The JMP blog has posted some highlights from George Box’s presentation at Discovery 2009 [the broken link was removed] Infusing his entire presentation with humor and fascinating tales of his memories, Box focused on sequential design of experiments. He attributed … Continue reading

Posted in Data, Design of Experiments, Six sigma, Statistics | Tagged , , , , , , , , | 6 Comments

Deming: There is No True Value

There is no true value of anything: data has meaning based on the operational definition used to calculate the data. Walter Shewhart’s Statistical Method from the Viewpoint of Quality Control, forward by W. Edwards Deming: There is no true value … Continue reading

Posted in Data, Deming | Tagged , , | 9 Comments

Communicating with the Visual Display of Data

Anscombe’s quartet: all four sets are identical when examined statistically, but vary considerably when graphed. Image via Wikipedia. ___________________ Anscombe’s quartet comprises four datasets that have identical simple statistical properties, yet are revealed to be very different when inspected graphically. … Continue reading

Posted in Data, Quality tools, Statistics | Tagged , , , , | 1 Comment

Managing to Test Result Instead of Customer Value

Computer hardware and software creators use benchmarks as one tool to compare the performance of alternative products. At times this can be very useful. You can learn what software of hardware is faster and that may be a very valuable … Continue reading

Posted in Creativity, IT, Management, Software Development, Systems thinking | Tagged , , , , , | 7 Comments

YouTube Uses Multivariate Experiment To Improve Sign-ups 15%

Google does a great job of using statistical and engineering principles to improve. It is amazing how slow we are to adopt new ideas but because we are it provides big advantages to companies like Google that use concepts like … Continue reading

Posted in Customer focus, Data, Design of Experiments, Google, IT, Management, Process improvement, Quality tools, quote, Science, Software Development, Statistics | Tagged , , , , , , , , , , , | 2 Comments

Don’t Hide Problems in Computers

Making things visible is a key to effective management. And data in computers can be easy to ignore. Don’t forget to make data visible. Paul Levy, CEO of Beth Israel Deaconess Medical Center in Boston recently hosted Hideshi Yokoi, president … Continue reading

Posted in Data, IT, Lean thinking, Management, Quality tools, Toyota Production System (TPS) | Tagged , , , , , , , | 3 Comments

Google’s Innovative Use of Economics

Secret of Googlenomics: Data-Fueled Recipe Brews Profitability Google depends on economic principles to hone what has become the search engine of choice for more than 60 percent of all Internet surfers, and the company uses auction theory to grease the … Continue reading

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Revealed Preference

Revealed Preference: the preference consumers display by their action, in contrast to what they may say they prefer. While surveys may be useful people often say they will do one thing and actually when given the choice to do so, … Continue reading

Posted in Data, Deming, Management, Psychology, Statistics | Tagged , , , | 1 Comment