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Did Artificial Intelligence kill Pareto’s 80/20 Rule?

Did Artificial Intelligence kill Pareto’s 80/20 Rule?

In a resource-constrained environment, Pareto’s 80/20 rule made all the sense in the world. When you have to make choices, tradeoffs, etc – a framework that allows you to decide what to focus on is an important tool in managing outcomes and success. But with modern technologies that simplify prioritization and decision workflows, 80/20 is […]

Did Artificial Intelligence kill Pareto’s 80/20 Rule? Read More »

Chief Installed Base Officer for Industrial OEMs

Chief Installed Base Officer – how does an OEM go about organizing for this key role?

A few weeks ago, I suggested that industrial OEMs should create a new role, that of a Chief Installed Base Officer (CIBO). Based on the comments and reactions, I clearly hit a nerve, and the reactions were interesting in their affirmation of the need for this role. This leads to the following obvious questions:  1.What

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Data cleaning techniques for Industrials

The ultimate guide to fixing Industrial Data Quality – This works every time!!

I want you to open up the contact list on your phone, and see how many are in there. Of those hundreds of contacts, how many do you actually need today? Are they all saved under their correct names? Are you confident, all of them are active and up-to-date? I looked at my contact list

The ultimate guide to fixing Industrial Data Quality – This works every time!! Read More »

Data cleaning techniques for Industrials

The ultimate guide to fixing Industrial Data Quality – This works every time!!

I want you to open up the contact list on your phone, and see how many are in there. Of those hundreds of contacts, how many do you actually need today? Are they all saved under their correct names? Are you confident, all of them are active and up-to-date? I looked at my contact list

The ultimate guide to fixing Industrial Data Quality – This works every time!! Read More »

Maslow’s Hierarchy of Needs have to do with Industrial OEMs

What Does Maslow’s Hierarchy of Needs have to do with Industrial OEMs, Digitization of Customer Experience & Installed Base?

TL;DR Maslow’s hierarchy of needs is a good framework for understanding how companies think Providing “food shelter water” is critical before satisfying higher levels of needs The high visibility projects of digitization (IoT, Servitization, sophisticated eCommerce, etc) are definitely in the upper tier of needs I have a feeling that this analogy is going to

What Does Maslow’s Hierarchy of Needs have to do with Industrial OEMs, Digitization of Customer Experience & Installed Base? Read More »

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