Needless to say, we aren't going to explain our entire process here, but the following examples will provide you with a brief glimpse of why what we do is unique and superior to the traditional methods and approaches to business intelligence. This is the most basic explanation we have been able to come up with thus far. Unfortunately, despite our best efforts, not everyone who reads it finds it as revolutionary as we do. Nothing wrong with you or our process if you don't "get it." It is however an excellent indicator of whether or not you will find our services beneficial. |
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Consider the following hypothetical problem*. You are in charge of admissions for the Air Force Academy. Each year are faced with the difficult challenge of choosing the most qualified students to admit from thousands of applications you receive. Lacking the time and resources necessary to interview each candidate, you need a way to shorten the list to a more manageable number.
Having gone through the program yourself, you know that it takes a certain type of individual to make it to graduation. Utilizing information gathered from different sources you know the top two reasons candidates fail to graduate:
1) Academic. The average course load is 21 hours per semester; this leaves little time to “catch up” on subjects a student is weak in. 2) Athletic. There are many strength and endurance courses that must be completed within a specific amount of time. The first day, students are expected to be able to run a mile in less than six minutes; and it becomes more difficult from there.
Given the above, you want to select individuals who are strong in the areas of academics and athletics. Additionally, you want to select individuals who have demonstrated a capacity for leadership and who are of good character. Considering the situations these officers will find themselves in after graduation, it is important that they have the ability to lead and are trustworthy.
Among thousands of applications, each contains several pages of information. Using the criteria defined above, your first task is to decide which information is actually useful in determining a student’s worthiness. You devise the following point system:
In order to reduce the amount of data entry, you decide to exclude any application that has a zero score in any category. This cuts the number of applications to 84. However, there is only room for 24. Relying on information you learned in a college statistics course, you devise the following solution to pick the best 24.
You assign the following weights for each category: Academic will count for 60% of the total score, Athletic will count for 30%, and Leadership will count 10%. After the numbers are weighted, the score for each category will be added together to create a Total Score for each student. The 24 students with the highest scores, will represent those who are the strongest in those three categories, thus having the greatest probability for success. The following table shows the results.
After surveying the completed list, you cannot help feeling somewhat prideful. By utilizing and executing generally accepted and proven practices, you are confident that you have reduced thousands of applications to the 24 most likely to succeed. If you stop here and do not read what follows, you would be correct and your pride would be justified. However, what you are about to read will render the above obsolete.
The flaw with traditional approaches, like the one above, is that they obscure the very criteria that you deem to be most important. Your capacity to make wise decisions is limited or enhanced by the quality of your business intelligence. Where our process is different from anything else is that it allows you to actually see what is important. Let’s take another look at the same data after is has gone through our process.
Quite a bit different, isn’t it? The first thing you will probably notice is the colors. Not only are they pretty, they are very informative. They are used to indicate a particular item’s importance relative to all of the other values in a column; what we call relative importance. In this example, red cells represent best scores in a column and blue cells represent the worst. Reading the colors for Student 27, you will see a candidate who is very strong academically, weak athletically, and dead last in the leadership category—certainly not what you are looking for. Yet, using the traditional method Student 27 was ranked 24th and actually made the cut!
In fact, there are a total of 5 candidates that should not have made the cut and 6 candidates who should have made it, but didn’t! In total that is 11 or almost half of the 24! Considering what you are trying to accomplish, this is hardly acceptable. It is also worth mentioning that for the sake of simplicity the example uses a relatively small set of data, just 84 items. As the size of the data increases the results of the traditional ranking method become even more flawed. Think of it as plane that is one degree of course; after one minute, it is not that big of a deal; after an hour, it is quite significant.
Let’s say you are a business that just purchased some demographic data on 10,000 potential new customers. Like most businesses, your resources are limited and your sales force can only target 500. Would you rather use traditional methods to select the 500, or ours? Over the past decade our process has produced results as dramatic as you have just seen for companies large and small in just about every type of industry.
Not only is our process proven, it is fast. We can transform your data in a matter of minutes, not days or weeks. You can start using that data immediately to start making better decisions. You don’t have to have to be a skilled mathematician or a computer expert. If you can understand the example above, you can benefit from our services.
*This model and information provided are randomly generated and does not represent actual information. Composite scoring and weighting model obtained from information provided at www.collegeconfidential.com and does not represent actual Air Force Academy procedures. This is a hypothetical example. |