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Business Intelligence sounds interesting. Could you tell us a little more about what this means and how you for see stats benefiting the work that you do?
Hello, my name is Clay, and I'm looking to learn more about statistics as well as increase my comfort level with what I know already. After looking around, this seems like the best place to do that.
I graduated from college with a dual degree in Accounting and Mgmt Info Systems. And I've been working in the Business Intelligence sector for about 3 years now. So my statistics background is light, but I'd say well founded. Anyway, please excuse my newbishness for a while, the reason I'm here is to become less of a newb and more of a contributor.
Business Intelligence sounds interesting. Could you tell us a little more about what this means and how you for see stats benefiting the work that you do?
"If you torture the data long enough it will eventually confess."
-Ronald Harry Coase -
Sure, Business Intelligece (BI) means a lot of different things, but for me it means providing users with data in such a way that helps them to make timely, informed decisions on a daily/weekly/monthly/yearly basis.
This data comes in many different forms, spreadsheets, email alerts, websites, tickets, but Dashboards are the typical example. This is where we give users a set of KPI (Key Performance Indicators) on each location. The key here is to have a manageable list of the most meaningful metrics that apply to every location. So that a manager can glance at the dashboard and within seconds know who is performing well/poorly and where they should focus their attention.
I use statistics to develop more meaningful KPI, from Annualizing a metric, to developing projections. I'm here because I am trying to become more sophisticated with my predictive metrics, so that users can not only see what they've done, but also get an idea of where they're going.
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