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A White Paper:
Big Data, Predictive Analytics &
the Revolutionary Future
of Wheel-Trans
in revenue: the more it that you have the greater the potential for
the process to operate with: agility, leanness, precision,
Volume
Information beyond the organizations storage or computing capacity .
Velocity
Real-time torrent of information entering the business process.
Variety
Ordinary database information + unstructured data formats: messages,
However, having the data and managing the data are altogether
different! Imagine sitting atop an immense mountain which,
somewhere within contains a wealth of gold. Finding the
treasure requires using the right tools.
ou cant manage
what you dont
measure
Peter Drucker
Predictive Analytics:
From Evolutionary to
Revolutionary
Forecasting has traditionally been done utilizing very basic
extrapolation, which assumes: what has happened in the past will
Big Data & Predictive Analytics at Wheel-Trans: A White Paper
Business
Analysis
Traditional Computing
CAPTURE
Statistical
Sampling
Experimental
Design
CRITICAL: guided by
causation and statistical
validity.
Number of
Sources
MANAGEMENT
Storage
Structure
ANALYSIS
Big Data & Predictive Analytics at Wheel-Trans: A White Paper
Analytical
Approach
Statistics: Traditional
regression
Number of
Variables
Limited by Constraints
Very Large
Processing
Automated: Optimization
routines create a best fit model
Mainframe Data
Boards, Payroll, Reports,
GIRO Data
Reservations, Customer
Service, Dispatch (both
static and real-time)
Incident
Management Data
Customer Service
Reports Data
Complaints, No Shows, etc.
References:
ARTWORK: TAMAR COHEN, HAPPY MOTORING, 2010, SILK
SCREEN ON VINTAGE ROAD MAP, 26 X 18