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Abstract Details
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Activity Number:
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202
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Type:
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Roundtables
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Date/Time:
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Monday, July 30, 2012 : 12:30 PM to 1:50 PM
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Sponsor:
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Quality and Productivity Section
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| Abstract - #305048 |
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Title:
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Growing the Business with Data-Driven Decisions
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Author(s):
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Daksha Chokshi*+
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Companies:
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Pratt & Whitney Rocketdyne
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Address:
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5626 High Flyer Rd E, Palm Beach Gardens, FL, 33418-7713, United States
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Keywords:
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Decisions ;
Statistical Thinking ;
Statistical Tools ;
Relevant Data ;
Variation ;
Simulation
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Abstract:
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When faced with making decisions on a daily basis, the best decisions result not from perceptions and emotions, but from information derived from valid and objective data. Making Data-Driven decisions part of our DNA enables business growth as well as provides other strategic benefits. This roundtable will discuss Data-Driven Decisions (D3) ingredients, concepts, statistical thinking vs. statistical tools, roadmap, and case studies. We will explore several engineering, operations, and business case studies revealing scenarios where data and/or toolsets were used correctly or incorrectly with key learning points and resulting benefits, including how it presented opportunities for innovation and business growth.
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The address information is for the authors that have a + after their name.
Authors who are presenting talks have a * after their name.
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