managerial statistic courses need to change

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