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Unit 1 Discussion

This Discussion is based on the article “Big Data, Analytics and the Path from Insight to Value” by LaValle, Lesser, Shockley, et al. fromMIT-Sloan Management Review. Make sure to read this article before starting the Discussion. See the Syllabus for details on how to obtain the article.

This week, you will look at a survey on how leading organizations are using statistics and you will compare the findings to your experience with respect to your own organization.

1. Most companies that are evolving tend to use intuition rather than analytics in their decisions. Looking at the 11 categories listed in the first chart (p. 23) titled “Analytics Trumps Intuition,” select three and comment on which side your organization is on (clearly label as “Analytics” or “Intuition”). For each of these categories, give an example in which the decision makers use intuition or analytics.
2. Looking at the 11 categories listed in the chart on page 25 titled “Impediments to Becoming More Data Driven,” select three obstacles that you think are preventing a focus on analytics in your company. For each, explain the issue. For example, if you selected “concerns with data,” you would describe what those concerns are. How does this obstacle manifest itself and impact you in your work? Finally, make recommendations to overcome the obstacle you identified.

In your replies to fellow classmates, look for similarities to your organization. If you have experienced similar issues, comment on how your organization handled the situation.

Please use the template below in your answers, so everyone can easily follow your answers to all the questions (copy and paste to your post).

Use this template for your Unit 1 Discussion

Question 1: Analytics or intuition

Category 1: (title)

(description with example)

Category 2: (title)

(description with example)

Category 3: (title)

(description with example)

Question 2: Obstacles to analytics

Obstacle 1: (title)

(explanation)

(recommendation)

Obstacle 2: (title)

(explanation)

(recommendation)

Obstacle 3: (title)

(explanation)

(recommendation)

Article: http://sloanreview.mit.edu/article/big-data-analytics-and-the-path-from-insights-to-value/

 

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I want to write five paragraphs about each steps ( total 500 to 600 words) and I want response for my classmate ( I will send it later )

I upload the case study and This is the discussion question:

“A case study analysis must not merely summarize the case. It should identify key issues and problems, outline and assess alternative courses of action, and draw appropriate conclusions. The case study analysis can be broken down into the following steps:

• Identify the most important facts surrounding the case.

• Identify the key issue or issues.

• Specify alternative courses of action.

• Evaluate each course of action.

• Recommend the best course of action.

 

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POS 1:

Hello Class,

Sampling with a Pair of Dice.

The results from the 10 rolls of dice average to 7.6

And the results from the 20 rolls of dice average to 7.1

In this example of random sampling, we see that the Central Limit Theorem holds true for the sampling distribution of the sample mean can be approximated by a normal distribution as the sample size becomes large.

POST 2:

I found it interesting that the central limit theorum is good, it is not infallable. When I did the first run through of my numbers, I got the following results:

Roll #	Die 1	Die 2	Sum
1	3	6	9
2	3	2	5
3	2	4	6
4	5	2	7
5	1	2	3
6	4	1	5
7	4	3	7
8	4	5	9
9	4	5	9
10	2	3	5
		SUM	65	Average	6.5
Roll #	Die 1	Die 2	Sum
1	6	6	12
2	4	2	6
3	6	4	10
4	2	2	4
5	2	4	6
6	4	2	6
7	3	1	4
8	2	4	6
9	3	4	7
10	3	2	5
11	1	6	7
12	5	5	10
13	6	3	9
14	6	1	7
15	1	5	6
16	4	6	10
17	6	3	9
18	2	6	8
19	1	4	5
20	2	3	5
		SUM	142	Average	7.1

This shows that the larger the sample, the closer to the mean of 7 (which is the average of two dice being added together, where you can roll from a 2 to a 12), but it is not perfect. Just for kicks, I tried running it a few more times, only to discover that on two of 5 sets, my 10 roll average was closer to the mean than the 20 rolls.

 

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I attache a paper for revising, the paper subject is Risk Communication Program. 

I would like the touter to read the peer-paper with edits in the attachment and revise it by following the instruction and comments on peer-paper edits and comments included in paper rubric as well as the original rubric instructions. 

If there is a need for adding more sources for the paper, it would be accurate to do that. 

paper must be in APA format.

All resources must be peer-reveveied articles and scholarly paper only. 

 

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Go to one of your favorite stores and take a picture of something that catches your eye—the front entrance from the street, a display rack inside, a sign on the wall, etc. Upload the photo to the discussion thread and provide a summary of the following:

1. The products offered by the store you visited and why you like shopping there

2. What the photo shows us about the decisions the store has made regarding one or more of the 4 P’s

3. How these 4 P’s work together to keep you coming back again and again

 

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