Quality Progress - October 2014 - (Page 15)

Mr. Pareto Head BY MIKE CROSSEN STRATEGY REPORT: MOST EXECS DON'T RELY ON DATA TO MAKE BIG DECISIONS SHORTRUNS The great majority of executives around the world-94%-say management in their organizations is prepared to make significant decisions about the strategic direction of their businesses, but barely one-third said they relied primarily on data and analytics when they made their last big decision. Executives' intuition or experience, along with the advice and experience of others in their organizations, influenced decision making for 58% of executives, according to a recent Economist Intelligence Unit survey report titled, "Gut & Gigabytes: Capitalizing on the Art and Science in Decision Making." The 42% of executives who said their organizations are highly data driven, however, reported the biggest improvements in decision making during the last two years. All executives said a top priority for the next two years is to make investments in the quality of data analysis to enable better decisions. More findings from the 40-page report, sponsored by PricewaterhouseCoopers, can be found at http://preview.thenewsmarket.com/ previews/pwc/documentassets/345166.pdf. provides consumers a quick way to identify uncompleted recalls by entering A NEW ONLINE search tool for consumers to learn whether a vehicle is directly affected by a recall has been unveiled by the U.S. Department of Transportation's National Highway Traffic Safety Administration. The free tool a vehicle identification number. All major light vehicle and motorcycle brands can be searched. Visit https://vinrcl.safercar.gov/vin for more information. TO TACKLE THE challenges of the federal government's Big Data Research and Development Initiative and similar private-sector projects, a multidisciplinary approach comprised of partnerships among statisticians, mathematicians, data scientists and relevant domain scientists is needed, the American Statistical Association recommends in a recently released white paper. The 27-page paper, "Discovery With Data: Leveraging Statistics With Computer Science to Transform Science and Society," can be accessed at www.amstat.org/ newsroom/pressreleases/2014-asawhitepaper.pdf. A NEW EXECUTIVE director of the American Society of Civil Engineers (ASCE) has been named. Thomas W. Smith III, a civil engineer by trade, has been an ASCE member for more than 25 years and has served as ASCE's deputy executive director since 2010 and general counsel since 1997. THE KUWAIT SOCIETY of Engineers (KSE) and the American Society for Testing and Materials (ASTM) International have formed a partnership that will cultivate several collaborative activities such as cooperative promotion, training, and upcoming meetings and events. ASTM also will provide editorial content for inclusion in Al-Mohandesoon magazine, KSE's official publication. October 2014 * QP 15 https://vinrcl.safercar.gov/vin http://www.amstat.org/newsroom/pressreleases/2014-asawhitepaper.pdf http://preview.thenewsmarket.com/previews/pwc/documentassets/345166.pdf

Table of Contents for the Digital Edition of Quality Progress - October 2014

Up Front
LogOn
Expert Answers
Perspectives
Keeping Current
Mr. Pareto Head
Step It Up
Strength in Numbers
Take Care of Your ‘Ugly Baby‘
Getting It Right the First Time
Career Corner
Statistics Roundtable
Quality in the First Person
Standards Outlook
ASQ's Quality Resource Guide
QP Toolbox
QP Reviews
Back to Basics

Quality Progress - October 2014

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