Is what is happening in analytics, in industry, an evolution or a revolution? What is Analytics is the science of data analysis. Those who practice analytics self-identify as analyst, digital analyst, marketing scientist, data engineer, researcher, among many others. Tukey (1962, The Future of Data Analysis, The Annals of Mathematical Statistics, (33), 1) called them all practitioners. The goal of the practitioner depends on their context. That context largely, but not always, depends on the state of knowledge, state of the culture, or sometimes, normatively, the state of maturity, of the group they belong to. Large organizations can have a large amount of difference within them. It’s not uncommon for an operations department to be extremely mature and for its[…]

Roger Martin observed in The Opposable Mind that our stances inform our tools, and our tools inform our experiences. For those who take a stance of continuous improvement and risk management, choosing simulation as a tool is a good course of action. This post unpacks that statement. Stance What are you? You decide your stance. Are you a scientist? Are you an artist? Are you a software engineer? An entrepreneur? You get to decide. Tools Your stance has a powerful impact on which tools you pick up. A scientist picks up the scientific method. An artist may pick up a paint brush. A software engineer pick up python. An entrepreneur may choose the lean canvas and the pitch deck. Experiences[…]