scholarly journals Simplified Data Analytics for the Accurate Evaluation of a New Venture's Market Potential

2006 ◽  
Vol 9 (2) ◽  
pp. 9-17 ◽  
Author(s):  
Michael D. Mattei ◽  
Stephen Hellebusch

This article examines the creation of an accurate market projection designed with easy-to-use, cost-effective data analytic techniques. Many of the techniques explored are derived from the subdisciplines of decision support and data warehousing found in the information technology arena. Two significant contributions are presented: a simple mathematical technique that eliminates the need for heuristics, and the simplification of the process to the point where no computer or sophisticated statistical analysis is needed.

2008 ◽  
pp. 397-407
Author(s):  
Alexander Anisimov

This chapter is dedicated to the major managerial, organizational and technological aspects of development of data warehouses in a global information environment, when different external sources of information are available and potentially may have value for decision support and managerial analysis. It summarizes the major benefits that become available for businesses if they decide to integrate information from external sources into their data warehouses. It also introduces the overall organizational framework of development of data warehouses that are based upon the information from different external sources. Furthermore the author hopes that understanding of the framework introduced will not only inform practitioners (both information technology (IT) specialists and managers in different spheres of business) of new possible approaches to design of decision support systems but also assist in the improvement of approaches to decision-making procedures.


2015 ◽  
Vol 55 (1) ◽  
pp. 59
Author(s):  
Prashant Parulekar

An engine-driven oil-injected screw compressor in CSG service failed catastrophically. Instrumentation provided on the package was ineffective in predicting or detecting the failure. As part of the Root Cause Analysis (RCA) process, a statistical analysis of the logged instrument data, as measured across a period of six months prior to the failure, was carried out. This paper uses data analytic methods to process instrument data, data visualisation techniques, advanced statistical analysis of the instrument data, and techniques to filter signal noise. The analysis recognised the multivariate behaviour and interrelationships between various operating parameters. The paper further provides insight into the interpretation of statistical measures and how to draw conclusions that explain the failure mechanism. The outcomes of the analysis presented in this paper then provided insights into establishing operating envelopes, proposed instrumentation upgrades to be provided in future and helped establish an operation and maintenance regime that should assist in preventing such failures in future.


Author(s):  
Alexander Anisimov

This chapter is dedicated to the major managerial, organizational and technological aspects of development of data warehouses in a global information environment, when different external sources of information are available and potentially may have value for decision support and managerial analysis. It summarizes the major benefits that become available for businesses if they decide to integrate information from external sources into their data warehouses. It also introduces the overall organizational framework of development of data warehouses that are based upon the information from different external sources. Furthermore the author hopes that understanding of the framework introduced will not only inform practitioners (both information technology (IT) specialists and managers in different spheres of business) of new possible approaches to design of decision support systems but also assist in the improvement of approaches to decision-making procedures.


2011 ◽  
pp. 149-166
Author(s):  
Alexander Anisimov

This chapter is dedicated to the major managerial, organizational and technological aspects of development of data warehouses in a global information environment, when different external sources of information are available and potentially may have value for decision support and managerial analysis. It summarizes the major benefits that become available for businesses if they decide to integrate information from external sources into their data warehouses. It also introduces the overall organizational framework of development of data warehouses that are based upon the information from different external sources. Furthermore the author hopes that understanding of the framework introduced will not only inform practitioners (both information technology (IT) specialists and managers in different spheres of business) of new possible approaches to design of decision support systems but also assist in the improvement of approaches to decision-making procedures.


2019 ◽  
Vol 2 (4) ◽  
pp. 260-266
Author(s):  
Haru Purnomo Ipung ◽  
Amin Soetomo

This research proposed a model to assist the design of the associated data architecture and data analytic to support talent forecast in the current accelerating changes in economy, industry and business change due to the accelerating pace of technological change. The emerging and re-emerging economy model were available, such as Industrial revolution 4.0, platform economy, sharing economy and token economy. Those were driven by new business model and technology innovation. An increase capability of technology to automate more jobs will cause a shift in talent pool and workforce. New business model emerge as the availabilityand the cost effective emerging technology, and as a result of emerging or re-emerging economic models. Both, new business model and technology innovation, create new jobs and works that have not been existed decades ago. The future workers will be faced by jobs that may not exist today. A dynamics model of inter-correlation of economy, industry, business model and talent forecast were proposed. A collection of literature review were conducted to initially validate the model.


2001 ◽  
Vol 47 (1) ◽  
pp. 110-117 ◽  
Author(s):  
Magnus Jonsson ◽  
Joyce Carlson ◽  
Jan-Olof Jeppsson ◽  
Per Simonsson

Abstract Background: Electrophoresis of serum samples allows detection of monoclonal gammopathies indicative of multiple myeloma, Waldenström macroglobulinemia, monoclonal gammopathy of undetermined significance, and amyloidosis. Present methods of high-resolution agarose gel electrophoresis (HRAGE) and immunofixation electrophoresis (IFE) are manual and labor-intensive. Capillary zone electrophoresis (CZE) allows rapid automated protein separation and produces digital absorbance data, appropriate as input for a computerized decision support system. Methods: Using the Beckman Paragon CZE 2000 instrument, we analyzed 711 routine clinical samples, including 95 monoclonal components (MCs) and 9 cases of Bence Jones myeloma, in both the CZE and HRAGE systems. Mathematical algorithms developed for the detection of monoclonal immunoglobulins (MCs) in the γ- and β-regions of the electropherogram were tested on the entire material. Additional algorithms evaluating oligoclonality and polyclonal concentrations of immunoglobulins were also tested. Results: CZE electropherograms corresponded well with HRAGE. Only one IgG MC of 1 g/L, visible on HRAGE, was not visible after CZE. Algorithms detected 94 of 95 MCs (98.9%) and 100% of those visible after CZE. Of 607 samples lacking an MC on HRAGE, only 3 were identified by the algorithms (specificity, 99%). Algorithms evaluating total gammaglobulinemia and oligoclonality also identified several cases of Bence Jones myeloma. Conclusions: The use of capillary electrophoresis provides a modern, rapid, and cost-effective method of analyzing serum proteins. The additional option of computerized decision support, which provides rapid and standardized interpretations, should increase the clinical availability and usefulness of protein analyses in the future.


2021 ◽  
Vol 13 (9) ◽  
pp. 4640
Author(s):  
Seung-Yeoun Choi ◽  
Sean-Hay Kim

New functions and requirements of high performance building (HPB) being added and several regulations and certification conditions being reinforced steadily make it harder for designers to decide HPB designs alone. Although many designers wish to rely on HPB consultants for advice, not all projects can afford consultants. We expect that, in the near future, computer aids such as design expert systems can help designers by providing the role of HPB consultants. The effectiveness and success or failure of the solution offered by the expert system must be affected by the quality, systemic structure, resilience, and applicability of expert knowledge. This study aims to set the problem definition and category required for existing HPB designs, and to find the knowledge acquisition and representation methods that are the most suitable to the design expert system based on the literature review. The HPB design literature from the past 10 years revealed that the greatest features of knowledge acquisition and representation are the increasing proportion of computer-based data analytics using machine learning algorithms, whereas rules, frames, and cognitive maps that are derived from heuristics are conventional representation formalisms of traditional expert systems. Moreover, data analytics are applied to not only literally raw data from observations and measurement, but also discrete processed data as the results of simulations or composite rules in order to derive latent rule, hidden pattern, and trends. Furthermore, there is a clear trend that designers prefer the method that decision support tools propose a solution directly as optimizer does. This is due to the lack of resources and time for designers to execute performance evaluation and analysis of alternatives by themselves, even if they have sufficient experience on the HPB. However, because the risk and responsibility for the final design should be taken by designers solely, they are afraid of convenient black box decision making provided by machines. If the process of using the primary knowledge in which frame to reach the solution and how the solution is derived are transparently open to the designers, the solution made by the design expert system will be able to obtain more trust from designers. This transparent decision support process would comply with the requirement specified in a recent design study that designers prefer flexible design environments that give more creative control and freedom over design options, when compared to an automated optimization approach.


Sensors ◽  
2020 ◽  
Vol 21 (1) ◽  
pp. 103
Author(s):  
Jan Kohout ◽  
Ludmila Verešpejová ◽  
Pavel Kříž ◽  
Lenka Červená ◽  
Karel Štícha ◽  
...  

An advanced statistical analysis of patients’ faces after specific surgical procedures that temporarily negatively affect the patient’s mimetic muscles is presented. For effective planning of rehabilitation, which typically lasts several months, it is crucial to correctly evaluate the improvement of the mimetic muscle function. The current way of describing the development of rehabilitation depends on the subjective opinion and expertise of the clinician and is not very precise concerning when the most common classification (House–Brackmann scale) is used. Our system is based on a stereovision Kinect camera and an advanced mathematical approach that objectively quantifies the mimetic muscle function independently of the clinician’s opinion. To effectively deal with the complexity of the 3D camera input data and uncertainty of the evaluation process, we designed a three-stage data-analytic procedure combining the calculation of indicators determined by clinicians with advanced statistical methods including functional data analysis and ordinal (multiple) logistic regression. We worked with a dataset of 93 distinct patients and 122 sets of measurements. In comparison to the classification with the House–Brackmann scale the developed system is able to automatically monitor reinnervation of mimetic muscles giving us opportunity to discriminate even small improvements during the course of rehabilitation.


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