Business intelligence can be considered to be what’s and how’s of past occurrences, while business analytics assesses the why’s that involves causality investigation. The 9-step Integrated Enterprise Excellence (IEE) business management system provides a framework for integrating business intelligence with business analytics.
In step two of the 9-step IEE system, a value chain integrates statistical 30,000-foot-level predictive performance measures throughout an organization with their associated processes. An IEE value chain considers what’s and how’s (i.e., execution of processes) of past occurrences for this business intelligence creation.
Step three of the 9-step system, analyzes the business as a whole looking for the why’s of occurrences. When causality occurrences are uncovered, this information can lead to development of targeted improvement strategies (step 5) which leads to goal setting for functional 30,000-foot-level metrics (step 6) and then process improvement efforts (step 7), which benefit the business as a whole.
This PDF article provides a predictive modeling example for assessing the stability of a process and then provide a prediction statement for non-normal response data.
Multiple regression analysis example in the PDF link below addresses how to validate a multiple regression analysis.
Multiple Regression Analysis Example: Process Validation Read More »
These enhanced predictive analytics examples illustrate the power of providing futuristic statements in business management system scorecards and how to create this form of enhanced performance measurement reporting.
The provided process capability study PDF article below describes issues with traditional lean Six Sigma process capability indices reporting and what can be done to resolve the problems.
Process Capability Study: Confusion And Resolution Read More »
Described is an enhancement to Acceptable Quality Level testing (i.e., AQL evaluations) which provides better assessments of supplier quality, with less effort.
Enhancement to Acceptable Quality Level Testing: AQL Issues and Resolution Read More »
