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Published bySilas Gibson Modified over 9 years ago
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Managerial Statistic Courses Need to Change By Farrokh Alemi, Ph.D.
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SAME EVERYWHERE Introductory statistic courses teach the same methods as any statistic course
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SAME EVERYWHERE Focus is on distributions and hypothesis testing
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WHAT MANAGERS NEED IS DIFFERENT Not just management examples but new methods
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Revolution in Management Quants & electronic investments “Big Data” on consumer behavior Entire web a database
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5% MORE PRODUCTIVE & 6% MORE PROFITABLE Data Driven Companies
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DATA TRANSFORMED VA FROM WORST TO BEST
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6.6% IMPROVEMENTS IN OUTCOMES
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Health Analytics Starts with Managerial Statistics A House Built on a Weak Foundation Will Not Stand
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Focus on What Managers Have Moffitt Cancer Center tracks more than 90,000 patients at 18 different sites
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Focus on What Managers Have VA tracks more than 5.5 million patients across 153 medical centers
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Focus on What Managers Have Kaiser Permanente has data on 9 million patients
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Focus on What Managers Have Aurora Health Care system has data on 1.2 million patients
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Focus on What Managers Have University of California’s Medical Centers has data on more than 11 million patients
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Focus on What Managers Have FDA has combined medical records of more than 100 million individuals
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Data Available Analysis Missing Focus on What Managers Have
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Observational & Time-based Data
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Focus on What Managers Have Matched Case Control Not Experimental Design Re-tool
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Focus on What Managers Do Process Improvement
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Focus on What Managers Do Statistical Process Control Not Hypothesis Testing Re-Tool
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REVOLUTIONARY ZEAL Managerial statistics courses need
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