Most of us don’t even like to discuss compensation. Photo by Mathieu Stern on Unsplash.
Pay. It’s the topic we love to avoid. We don’t discuss it with friends or family. It’s verboten at cocktail parties. Heck, we discuss cancer, religion, and abortion at dinner parties more easily than we talk about our paychecks.
Innovation isn’t just about novel ideas, but novel ideas that endure.
Investors and business leaders are always on the lookout for the next big thing, the paradigm shift that will upend industries and change the world. The hope is to get in early and ride the wave—or at least avoid getting flattened by it.
Industry is increasingly looking to additive manufacturing as a path to restore domestic capacity for fabricating large metal structures, much of which has moved overseas. Photo by eMotion. Tech on Unsplash
Scientists at the U.S.
Control charts help to understand a process’s “personality,” know which questions to ask, when to intervene, and when to leave a process alone. Photo by Erik Kroon on Unsplash.
In less than two months we will celebrate the 100th anniversary of the invention of the control chart, a tool most often associated with statistical process control (SPC). Considering SPC from our modern perspective made us ask, “Is SPC still relevant?”
Everyone knows customer service is increasingly automated and impersonal—that’s a “dog bites man” story. It’s not news because it happens all the time. When a man bites a dog, that’s news.
Photo by Naser Tamimi on Unsplash.
When presented with a collection of data from operations or production, many will start their analysis by computing descriptive statistics and fitting a probability model to the data. But before you do this, there’s an easy test that you need to perform.
MIT researchers developed an algorithm that can automatically select the best shortcuts for a robot to take on its way to a destination that will reduce the overall travel time while limiting the likelihood that the robot will meet an impassable obstacle. Image: Jose-Luis Olivares, MIT; iStock
If a robot traveling to a destination has just two possible paths, it only needs to compare the routes’ travel time and probability of success.
The cost of poor quality can be devastating to business: Failed quality control costs manufacturers anywhere between
FDA product recalls are on the rise in the post-pandemic era. Photo by National Cancer Institute on Unsplash.
The U.S. Food and Drug Administration (FDA) emphasizes the importance of being prepared for device recalls.
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