business+intelligence category archives
The nature of this day of the conference was around hearing new applications and new thinking behind Theory of Constraints. There were presentations from Boaz Ronen, Eli Schragenheim, Kelvyn Youngman, Shimeon Pass and several others (plus collaborators).
Activity Streams seem to be everywhere. Blogs, Twitter, Facebook, LinkedIn. And now we have streams coming from business process applications, like your ERP or the shop-floor monitoring tools. It changes how we should think about the streams.
I am picking up some more knowledge about Lean Thinking and the Toyota Production System (TPS). But I am also seeing a lot of partial information and downright incorrect information out there. So I asked Twitter what they know.
I attended today's Boston KM Forum symposium on Decision-Making and Decision Support by Leveraging Knowledge, and I think I learned some interesting things. I don't know if I can make better decisions as a result, but I have plenty of things to ponder.
Tim Kastelle has a nice piece on "The Problem with Metrics." There is a lot to the story of metrics and measures, but the key is to measure the right things. And more importantly, stop measuring the wrong things - those measures will drive the wrong behaviors.
I attempt to play with Wolfram|Alpha a bit, but I think my interface isn't fully compatible with Wolfram|Alpha's.
How could you possibly remember events that specifically, unless that happens to be the day you got married or some other key event in your life.
Malcolm Ryder has some fun with "Business Intelligence versus Business Knowledge: Who Cares?" I particularly like his thoughts about business intelligence, or more accurately, the process of seeing patterns in the constant wave of data, information and knowledge.
"Why Most Published Research Findings Are False" by John P. A. Ioannidis describes a statistical test for the likelihood of research being false, first without researcher bias and then a second test that includes bias. The result: it doesn't look good.
In "Data chief climbs the executive title tower," Chicago Tribune staff reporter Jon Van discusses data mining the importance of data to companies. I see the importance of the strategic view.
"Know how: Managing knowledge for competitive advantage" by Terry Ernest-Jones is an interesting survey and discussion of where knowledge management is headed from the perspective of senior leaders in western European businesses.
A partial review of "Great Information Disasters'' from 1991. The book is a collection of "Twelve prime examples of how information mismanagement led to human misery, political misfortune and business failure."
Duane McCollum, the information auditor, stumbled upon two interesting references about information disasters and the cost of them in his "Great Information Disasters?" An additional information "disaster" in my mind is that people get lost in analyzing the data and lose sight of the goal.
I attended an interesting seminar on Business Intelligence recently with Howard Spielman as an excellent keynote speaker. Data visualization has been around for a while. Companies should develop graphicacy standards.
Uncertainty is a critical thing to understand and too many people seem to gloss over it. How much would it take to add uncertainty to your timelines and reports?
Just because two factors are correlated does not mean that one causes the other. My favorite example of this is from my grad school days, when my advisor mentioned that the crime rate follows ice cream eating habit. Therefore ice cream eating causes crime, right? Well, no, both happen to be...
Ben Fry, a student at MIT is working his fingers off on a couple of data/information visualizaton projects. One of them is valence: I'm interested in building systems that create visual constructions from large bodies of information. The methods used in designing static chunks of data: charting, graphing, sorting and the...
From Wall Stree Journal Online, Jeanette Borzo writes Get the Picture Executives in a broad range of industries around the world are finding that information-visualization software helps them make critical business decisions by cutting through information overload. Instead of wading through endless spreadsheets and text analyses, executives can get a quick...
In ComputerWorld's Business Intelligence: One Version of the Truth, the storry suggests is that there is "one version" of the truth that can be extracted from the information swirling around an enterprise. Business intelligence systems promise to change that by, among other things, pulling data from all internal systems plus external...
It looks like Jakob Nielsen gets lost in the same hole many others do when using statistics to drive a point.
Frank Patrick has a piece today on the Otis Redding Theory of Measurement that he got from Fast Company via some Otis lyrics, "I can't do what 10 people tell me to do, so I guess I'll remain the same." Frank's summary: "Too many measures are not only distracting, but are...
I had an interesting conversation the other day. An organization that does both research and manufacturing wants a system that will help them see knowledge across all their products. Does anyone know of such a monster?
This week's Computerworld has "Eyes Everywhere: Business activity monitoring offers a constant watch on business processes," which immediately struck me as quite similar to the John Parkinson talk on the Real-Time Enteprise that I wrote about recently.
David Ticoll spoke about his new book The Naked Corporation: How the Age of Transparency Will Revolutionize Business (with Don Tapscott) this morning at a BIGfrontier breakfast today.
A follow-up to the demonstration I attended for "Electronic R&D." There was a question of data mining in an electronic R&D environment. With an data management system there is the potential for it to hold data from a wide variety of instruments and reports. Wouldn't it be great if one could conduct exploratory data mining across all the data sets?
I have been introduced to statistical process control (SPC) as a way to help understand the underlying behavior of processes. (I'm also an engineer by training, and love to get my hands on data, when possible.) Ever since, whenever I see "data" presented in the newspaper or on other articles, I...
Piecing Together the Data Picture - Computerworld Data quality translates into companies having the right information at the right time to make decisions. Another article from ComputerWorld that reminds us that if we don't have the infrastructure right, all the data analysis and synthesis in the world isn't going to be...
Two data points - financial data especially - don't give you a lot of information. And it certainly isn't a basis upon which major decisions should be made. But how frequently do you read in the newspaper or journals that first quarter sales/GDP/housing start are up/down 5% and how great/bad that is for the company/industry/country?
I have always believed that information tools should be able to do: help us see what is happening NOW in our organization, or manufacturing factility, or sales organization. Not just what did happen and what might happen. But what is happening now.
Business intelligence and knowledge management don't seem too far apart, particularly as defined by Claudia Imhoff in this seminar.
I think the direction towards integration makes the most sense - not that one vendor will sell everything, but that the software I buy will be able to talk to other software.
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