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Spring Training : Correcting Common Mistakes Regular Season : Cutting Costs/Become a Hero PowerPoint PPT Presentation


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Spring Training : Correcting Common Mistakes Regular Season : Cutting Costs/Become a Hero Post Season : Raising your Batting Average. Naomi Robins Consultant and seminar leader on effective data presentation Principal, NBR Phone : (973) 694 - 6009 e-mail : [email protected]

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Spring Training : Correcting Common Mistakes Regular Season : Cutting Costs/Become a Hero

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Spring Training: Correcting Common Mistakes

Regular Season: Cutting Costs/Become a Hero

Post Season: Raising your Batting Average


  • Naomi Robins

  • Consultant and seminar leader on

  • effective data presentation

  • Principal, NBR

  • Phone: (973) 694 - 6009

  • e-mail: [email protected]

  • Website: http://www.NBR-Graphs.com/

    • Libby Christman

    • Vice President of Risk Management, Ahold USA

  • Phone: (717) 240 - 5573

  • e-mail: [email protected]

  • Website: http://www.Ahold.com/

    • Richard Denning

    • President, Shelter Island Risk Services

  • Phone: (631) 749-1535

  • e-mail: [email protected]

  • Website: http://www.shelterislandrisk.com/


  • Improving Performance

    In The Post Season

    • Richard Denning

    • President, CEO

    • Shelter Island Risk Services


    Adapted from T. H. Davenport, J. G. Harris, Competing on Analytics


    Analytics Improve Your Batting Average

    • A fool is a person who expects different results when you do the same thing over and over.


    Visualization deserves to move from the bottom of the batting order to clean-up

    Sloan Management Review:

    • 58% of organizations see analytics as a competitive advantage (2011 survey)

    • Up from 37% in 2010


    Classes of Risk Data

    Critical Dates

    HR info on all Employees

    Exposures (Fleet size, miles driven, etc.

    Data

    Claim Measurements

    Data

    Organization


    The Analytical Payoffs

    • Time

    • Control

    • Confidence


    Play Ball! Play Data


    It’s a Team Sport

    • Bounce ideas off others who bring specialist skills and experience


    Power of numbers, the 4:00 mile


    The Danger of Numbers!

    Assume that your four Divisions: A, B, C and D

    All have the same average frequency rate of 5 claims per

    100 employees


    The Flaw of Averages


    Inspiration for Better Graphics:

    Naomi B. Robbins, http://blogs.forbes.com/naomirobbins

    Wall Street Journal for financial reporting

    Sports Reporting for creative displays

    Edward R. Tufte, The Visual Display of Quantitative Information (two other volumes)


    Software Visualization Tools (Excel compatible / not expensive)

    • Palisade [email protected]

    • SAS InstituteJMP

    • Tableau SoftwareTableau


    Concentrating information is precisely how our brains work best:

    16


    CONCLUSION

    OPERATIONS

    COST ALLOCATION RISK SERVICES

    ANALYTICS


    Questions and Answers


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