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Category: Data Analysis

Escape Your Vortex of Wasted Work

This article from The Lab was featured by Forbes.

There is a common misperception that knowledge work is unique. Executives are reluctant to accept that roughly two-thirds of activities in the office are similar and repetitious. In the early 1900s, competition forced factory managers to overcome the same reluctance. They had to acknowledge that skilled craftsmen’s activities were similar and repetitious. When they did, an Industrial Revolution began…

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The "Upstairs Factory" is Draining Your Productivity

This article from The Lab was featured by Industry Week.

When most executives think of an industrial company, they picture a highly disciplined factory under constant scrutiny for any evidence of inefficiency. Let’s call this the “downstairs factory.”

It rarely occurs to anyone that there could be similar “upstairs factories” in the same company — in non-factory departments like finance, marketing and sales…

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How New Technology Has the Potential to Expose Corporate Secrets

This article from The Lab was featured by Fast Company.

Until 1933, much of the information in today’s financial statements was only available to insiders. It took an act of Congress that year to compel businesses to disclose their sales, assets, inventories, and profits. More than 80 years later, most executives probably believe they know more about their company than outsiders.

But if that’s the case, it won’t be for much longer…

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Cognitive Business Value ®

Anyone who’s ever worked in an office has been frustrated by the illogical activities and errors that occur over and over. Orders come in with missing data. Numbers have to be reconciled repeatedly. A company can keep track of 100,000 parts on its assembly line without a single error, but can’t seem to manage the chart of accounts in finance.

Employees mutter, shake their heads and chalk it up to the cost of doing business…

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