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There Are Lies, Damned Lies and Descriptive Statistics

1 February, 2018 by James Lawther 7 Comments

Anscombe’s quartet Here are some interesting numbers for you. Interesting in a geeky sort of way… They are 4 sets of readings for two variables, X and Y. That is a horribly algebraic. It brings back memories of a comprehensive school deep in the 1980’s. All polyester blazers and fermenting gym kit. Let me bring the […]

Filed Under: Blog, Operations Analysis Tagged With: Anscombe's quartet, average, data is not information, gemba, key performance indicators, management by wandering around

Data and Wisdom

28 December, 2017 by James Lawther 3 Comments

Internet Claims

Internet Claims I came across three interesting claims whilst searching the internet this week, I thought I’d share them with you… Claim 1: 90% of the world’s data was created in the past 2 years ~ Science Daily Claim 2: An ounce of information is worth a pound of data An ounce of knowledge is […]

Filed Under: Blog, Operations Analysis Tagged With: big data, data is not information

The Ultimate Management Skill

6 December, 2017 by James Lawther Leave a Comment

listening skills

Communication is easy There are only three things to worry about: The sender — the person transmitting the message The environment — the medium the message passes through The listener — the person who receives the message Assuming a dialogue is called for (dialogues being a good thing), the sender and listener can swap places. […]

Filed Under: Blog, Operations Analysis Tagged With: communication, data presentation, jargon, management style, mixed messages

Information Overload

21 November, 2017 by James Lawther Leave a Comment

Too much information

The world has changed When I was 15 it was hard to share information: There were three TV channels to watch, and my parents wouldn’t let me look at one of them. When I did my homework I had to go to the library to find the single book on [insert subject of choice]. I […]

Filed Under: Blog, Operations Analysis Tagged With: clarity, communication, data is not information, data presentation, video

A Simple Mistake That Has Probably Made You Poorer

23 October, 2017 by Bernie Smith Leave a Comment

The case for austerity The inaugural meeting of the American Economic Association was held on the 4th January 2010. Two giants in the world of economics; Professor Carmen Reinhart and former chief economist of the International Monetary Fund, Ken Rogoff were present. They presented their research paper, “Growth in a Time of Debt”. The headline […]

Filed Under: Blog, Operations Analysis Tagged With: data integrity, data is not information, key performance indicators, peer review, quality assurance

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