Archive for the ‘Events’ Category

Big Data presentation by Roger Hoerl

Monday, May 6th, 2013

Big Data – A Challenge for Statistical Leadership

Dr. Roger W. Hoerl
Brate-Peschel Assistant Professor at Union College

2013 Statistical Advocate of the Year Award Luncheon
Chicago Chapter of the American Statistical Association

Thursday 9 May 2013
Noon – 2:00 PM
Maggiano’s Little Italy, 516 North Clark Street, Chicago IL

The Wall Street Journal, New York Times and other respected publications have had major features recently on Big Data – the massive data sets which are becoming commonplace, and on the new, “sexy” data mining methods developed to analyze them. These articles, as well as much of the professional data mining and Big Data literature, may give casual users the impression that if one has a powerful enough algorithm and a lot of data, good models and good results are guaranteed at the push of a button. Obviously, this is not the case.

The leadership challenge to the statistical profession is to insure that Big Data projects are built upon a sound foundation of good modeling, and not upon the sandy foundation of hype and unstated assumptions. Further, we need to accomplish this without giving the impression that we are “against” Big Data or newer methods. I feel that the principles of statistical engineering (see Anderson-Cook and Lu 2012) can provide a path to do just this.

Three statistical engineering principles that are often overlooked or underemphasized by Big Data enthusiasts are the importance of data quality – knowing the “pedigree” of the data; the need to view statistical studies as part of the sequential process of scientific discovery – versus the “one-shot study” so common in textbooks; and the criticality of using subject-matter knowledge when developing models.

I will present examples of the severe problems that can arise in Big Data studies when these principles are not understood or ignored. In summary, I argue that the development of Big Data analytics provides significant opportunities to the profession, but at the same time requires a more proactive role from us, if we are to provide true leadership in the Big Data phenomenon.

About the Speaker: Dr. Roger W. Hoerl is the Brate-Peschel Assistant Professor of Statistics at Union College in Schenectady, NY. Previously, he led the Applied Statistics Lab at GE Global Research. While at GE, Dr. Hoerl led a team of statisticians, applied mathematicians, and computational financial analysts who worked on some of GE’s most challenging research problems, such as developing personalized medicine protocols, enhancing the reliability of aircraft engines, and management of risk for a half-trillion dollar portfolio.

Dr. Hoerl has been named a Fellow of the American Statistical Association and the American Society for Quality, and has been elected to the International Statistical Institute and the International Academy for Quality.  He has received the Brumbaugh and Hunter Awards, as well as the Shewhart Medal, from the American Society for Quality, and the Founders Award and Deming Lectureship Award from the American Statistical Association.  In 2006 he received the Coolidge Fellowship from GE Global Research, honoring one scientist a year from among the four global GE Research and Development sites for lifetime technical achievement.  He used his six-month Coolidge sabbatical to study the global HIV/AIDS pandemic, spending a month traveling through Africa in 2007.

His introductory text Statistical Thinking: Improving Business Performance, co-authored with Ron Snee and now in its second edition, was described as “…probably the most practical basic statistics textbook that has ever been written within a business context” by the journal Technometrics.   He is coauthor of Leading Six Sigma, a Step-by-Step Guide Based on Experience With GE and Other Six Sigma Companies, and Six Sigma Beyond the Factory Floor; Deployment Strategies for Financial Services, Healthcare, and the Rest of the Real Economy, both published by Financial Time/Prentice Hall, and served as an editor of the fourth edition of Statistics, A Guide to the Unknown, published by Duxbury Press.  His book Use What You Have; Resolving the HIV/AIDS Pandemic, based on his Coolidge Sabbatical research, was published with Professor Presha Neidermeyer of West Virginia University in 2009.

About the Award: The SAY Award recognizes those whose careers are distinguished by their leadership in championing respect for data and the effective use of statistical reasoning and data analysis in business, public policy, healthcare, education and other sectors. The award was inspired by the life and work of the late Harry V. Roberts a professor of statistics and quality management at the University of Chicago and the exemplar of statistical advocacy.

Register online at: https://www.123signup.com/register?id=bdvfb

$30 for CCASA members      $35 for non-members      $10 for students

May 2013- SAY Award – The Chicago Chapter of the American Statistical Association.

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Manufacturing Industry Update

Monday, November 19th, 2012

Last week we attended the Annual Manufacturing & Distribution Executive Summit organized by McGladrey, an assurance, tax and consulting firm. The event opened with a presentation of results from McGladrey’s 2012 Manufacturing & Distribution Monitor Report by Karen Kurek, National Manufacturing & Distribution Practice Leader. This is a survey of 924 manufacturers and distributors in the US.

Some interesting findings relevant to new product development and manufacturing include:

  •  Greatest growth in sales over the next 12 months is expected in these sectors:
    • Biotech/life sciences/medical equipment & supplies – 12.2%
    • Transportation equipment (excl. aerospace) – 9.6%
    •  Food & beverage – 9.4%
  • Manufacturers see new products/product lines more important to company growth than new services:
    • 56% of manufacturers rated new products/product lines important or very important (top 2 boxes on a 5 point scale) to company growth
    • 12% of manufacturers rated new services important or very important (top 2 boxes on a 5 point scale) to company growth
  • Businesses on average spend 4.4% of annual sales on R&D
    • Biotech/life sciences/medical equipment & supplies significantly outspends any other sector with 21.4% of sales invested in R&D
    • Energy & cleantech spend 6.4% on average
    • Computers, electronics and electrical components, appliances spend 6.2% on average

 

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Univ of Chicago IRT: Kraft’s upsurge in innovation performance

Friday, March 2nd, 2012

The University of Chicago Innovation Roundtable is pleased to announce that Barry Calpino, Vice President of Breakthrough Innovation at Kraft will present on March 20th at the Gleacher Center Downtown Chicago.  He will tell the story of Kraft Foods North America’s recent major upsurge in innovation performance.  He will discuss how Kraft’s leadership made it a key area of strategic emphasis and the story behind how they have recently risen to top-tier level of innovation performance in the CPG industry – capped off by the recent launch of over 70 new products in early 2012.  He will also share lessons learned from the journey and some general thoughts on innovation from spending over 18 years in CPG Innovation.

Barry oversees the Global Innovation Center of Excellence for Kraft.   Amongst his Center of Excellence roles, Barry oversees the Corporate Breakthrough Innovation group and is on the Kraft North America Leadership team, leading Innovation across the KNA teams.

Barry has been at Kraft since 2009.  He has over 18 years of CPG Brand Marketing experience,   with 13 of those years spent mostly or entirely focused on leading Innovation.  Leading CPG companies he has worked for in Innovation include SC Johnson, Kellogg’s and Wrigley, where he led Gum and Candy innovation for North America prior to coming to Kraft.

Barry has an undergraduate degree in Marketing from Marquette and his MBA from Kellogg-Northwestern.   Barry is originally from Chicago and resides there today, where he is married with 3 kids.

Where:

The University of Chicago: Gleacher Center, Room 100

450 North Cityfront Plaza Drive

Chicago, IL

When:

Tuesday, March 20, 2012

Agenda:

Registration: 6:00-6:30 PM

Presentation and Q&A  6:30-7:45 PM

Midway Club: 7:45-9:00 PM

Cost: Free (Food and drinks are not served)

Registration:

http://www.chicagobooth.edu/alumni/roundtable/innovation/

Questions:

Mary Drotar

312.212.3144

mdrotar@strategy2market.com

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The University of Chicago Innovation Roundtable LinkedIn Group The Innovation Roundtable group on LinkedIn is a networking tool that is open to anyone with an interest in the development and commercialization of new products and services.  We established this group to encourage connections between our members to discuss concepts, tools and best practices for innovation.  In addition, we would like to use it as an informal ‘membership directory’ for IRT members who have LinkedIn profiles.

We think the development of a membership directory of this type can be useful for networking, and for finding subject matter experts, and we encourage anyone on our mailing list to enroll via the website links below:

Innovation Roundtable Group on LinkedIn

http://www.linkedin.com/groups

Group Owner: mdrotar@strategy2market.com

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Join the IRT email list

If you are interested in joining our mailing list, please use the following

link: http://lists.chicagogsb.edu/mailman/listinfo/innovationroundtable

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The University of Chicago Innovation Roundtable (IRT) Tackle a Topic Program

Monday, January 23rd, 2012

The University of Chicago IRT has a new format for securing future speakers, and we appreciate your input.  It is called the IRT Tackle a Topic Program.  The purpose of our events is to inform our members on new innovation trends and theories/practices. Perhaps you know of an interesting new product, process, business model or a planned interactive exercise that a friend or colleague has developed, and they want to share their findings with the IRT community.   Or you heard a great speaker that could provide further insight on innovation/new product development. 
As a sponsor, we invite you to introduce the speaker/event and be actively involved in the event.  We especially encourage interactive formats.
In order to sponsor a speaker, please find the guidelines below:
* The event must be relevant to Innovation/New Product Development
* Provide the IRT Board Members a short outline of the presentation (see outline below):
  Description of the presentation/event/activity
 -What participants will learn
 -Who should attend
 -How often has this individual presented on this topic?
 -Does the speaker wish to sponsor the event at their location?  If so, refreshments are welcome but not mandatory
 -Presenters bio
Please send to Mary Drotar at mdrotar@chicagobooth.edu or mdrotar@strategy2market.com

If the IRT board agrees to move forward with the event, the sponsor provides the slides to the IRT Board Members for review 2 weeks prior to the event.  The events usually occur at the Gleacher Center or offsite if there is a sponsor availiable.
Submit your short description as soon as possible so we can plan and promote the event in advance.
We appreciate and welcome your participation.

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Online PDMA certification workshop Jan 19th and 20th

Tuesday, January 3rd, 2012

Online Crash Course in New Product Development
Professional (NPDP) Certification

Strategy 2 Market is offering an online version of the PDMA (Product Development and Management Association) NPDP (New Product Development Professional) certification class.  This allows participants to avoid travel, reduce preparation time and save money.

Strategy 2 Market is one of a handful of providers certified to teach the PDMA Certification Review Preparation Course.

This online workshop consists of two half-day sessions and provides a review of the material covered by the NPDP Certification exam.  It is suitable for anyone preparing for the exam.  It identifies the key subject areas on which to focus preparation efforts and provides an assessment tool to help participants evaluate their current level of preparedness for the exam. 

Our next online workshop is being held January 19th and 20th.  For more information, please go to: http://www.strategy2market.com/NPDP_online_training.html or contact Mary at 312.212.3144 or mdrotar@strategy2market.com

Happy 2012!

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