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