On his popular TV show “The Profit,” entrepreneur Marcus Lemonis repeats this mantra frequently: successful businesses are built on the three P’s; people, product, and process. The concept has its origins in lean manufacturing, but it has since taken hold across a broader spectrum of industries.
October 12th, 2019 was a red letter day for every athletics fan. That day, for the first time in history a human completed the marathon in under two hours! Eliud Kipchoge the current world record holder did the unbelievable and shaved off a good 2 minutes from his best time. It wasn’t just a triumph of human doughtiness and perseverance. The run was also emblematic of technology and analytics aiding humans in pushing the envelope. Specially made shoes and pacing lasers ensured energy efficiency. The chosen route and formation of pacemakers minimized wind resistance. The location was picked because of its closeness to Kipchoge’s time zone… a number of sagacious data driven decisions contributed to the feat.
As the year entered its final quarter, I was revisiting some predictions pundits had made for 2019. It’s an interesting exercise I go through every year. Estimating soothsayer accuracy is not the objective. Some predictions will be right, a few wrong and in majority of the cases it will be difficult to say – either the data isn’t there or it’s too early for any decipherable trend. Regardless of their chances of coming true, the ideas are inspiring and make a good segue to predictions for the coming year.
It was the penultimate day of my trip to our San Jose office. In the evening Vikas, Dinesh & I went for a short hike at the Alviso Marina County Park. It was a beautiful trail and the hike was uneventful except for Vikas’ narration of his past exploits with a mountain lion. After the hike Dinesh said that we should grab a quick drink and I suggested a nearby Mexican joint. “The place serves amazing guacamole. You should have that with tortilla,” I tried to tempt Vikas’ mostly vegetarian palate.
L: Dick Fosbury doing the “Fosbury Flop” to win the high jump gold medal at the 1968 Mexico City Olympics (Source: International Olympic Committee)
R: Illustration showing path of center of gravity in the Fosbury Flop (Source: Wikimedia Commons, Author: AlanSiegrist)
A Poetic take on the needs of Operations and Supply Chain Leaders, and how process automation with OpsVeda changes the game!
"... You find out that life is just a game of inches. So is football. Because, in either game - life or football - the margin for error is so small. ...The inches we need are everywhere around us. They are in every break of the game every minute, every second. On this team, we fight for that inch. …cause we know when we add up all those inches that's going to make the **** difference between WINNING and LOSING, between LIVING and DYING. … " - Al Pacino in Any Given Sunday
It was early 2004 and I was catching up with a friend from my college days. He was the regional head for a Consumer Goods major in India, and told me about changes they were making to streamline operations. That included consolidating the number of stockists and wholesalers. I was puzzled because the company was known for its reach even in remote rural areas, enabled in large part by these very channel partners they wanted to terminate. Our conversation went something like this:
Since the advent of BI, organizations of all sizes have pushed to broaden their spectrum of analytical insights. Of course, a key motivator for this effort was to improve operational efficiency. In many organizations, these efforts did not deliver to the management’s expectation. The root causes for the failure in most cases are information latency and lack of cross-functional linkage.