You’re reading a lot about analytics these days.  It is the workhorse of business intelligence.  When people hear the word analytics they immediately think statistics.  What they should think is logic.  Analytics is a framework of logic that is operationalized through statistics.  Logical thought comes first and statistical manipulation comes second.

You’re hearing a lot about analytics these days.  Just what can you do with them to improve operations?  There is more to analytics that statistics.  There is an underlying logic that sets up the right questions which statistics can answer.  Here are 3 ways we have used them.

More and more we are reading and hearing about analytics.  Last year 3 best sellers chronicled what is here and what is coming.  Analytics are simply statistical tools such as correlations, regression analysis, factor analysis, causal or path analysis and a bunch more.  They are nothing to be afraid of.  There is a logic behind each of them and there is an army of people who can recommend and run analytics for you.