PEX Report: Big Data for Intelligent Business Process
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"In God We Trust, All Others Must Bring Data" – W. Edwards Deming
Global strategy consultancy McKinsey called Big Data the "next frontier for innovation, competition, and productivity". Even Google got in on the act when the company’s chief economist Val Halerian predicted that "statisticians" would be "the sexy job in the next 10 years" as companies look to derive new insight and intelligence from the reams of data being produced on a daily basis.
Six Sigma professionals have long known the importance of collecting and analyzing data in order to find the "root cause" of a problem. Now that the data is more readily available than ever before – it’s a question of what you do with it.
In this report, we will be looking at how some of the early innovators are using big data and why process professionals need to start thinking about how to integrate big data for more intelligent processes and improved (or automated) decision making.