In recent years Billy Beane of Moneyball and Nate Silver of the FiveThirtyEight blog have shined a light on the predictive power of data science and analytics. Personalized recommendations from Amazon and Netflix show us how businesses are using data to better understand consumers. If there’s one truth organizations today have learned from these pioneering efforts, it is that data is king.
While gathering the right data is crucial, even more important is knowing how to analyze the data in the ways that best serve your organization. Data Science is often defined as the extraction of knowledge from data and employs techniques and theories drawn from mathematics, statistics, information theory and information technology. CESD’s data science and analytics can help build the foundation for a range of organizational improvement activities.
Our approach is always customized to fit your specific situation, which is vital to any data analysis effort. We employ a variety of the latest tools in service to the types of projects we’ve supported:
- Report development
- Performance measurement systems
- Process digitization
- Business analytics
- Predictive modeling
- Financial modeling
- Operations research
- Monte Carlo simulation
- Data mining
Gathering and analyzing essential data can both provide a snapshot of how your organization is performing and help you draw a roadmap for how you want your organization to move forward. We’ve observed over the years that data science can create a firm foundation for organizational development and operations excellence initiatives.