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Practical Analytics for Better Decisions

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MIT Sloan Review, don’t allow pies to obscure the “New Intelligence” you hope to share

MIT Sloan Review, don't allow pies to obscure the New Intelligence you hope to share

I was very interested to read the survey results from MIT about data access challenges facing business analysts. The article states that "The New Intelligent Enterprise... will allow you to do some immediate benchmarking — and see how your organization is doing in relation to your peers." While I am certain the data from this survey can indeed be useful in meeting their objective, I am also certain that their initial chart selection makes this difficult to easily see and understand.

 

In an effort to demonstrate how they can make their upcoming report much more informative

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Green living dashboard – green activities in the daily lives of Americans

Which “green” activities are consumers performing in their everyday lives?

Activities that-

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Maximizing Sustainability by Incorporating Consumer Behavior & Environmental Expert Opinion

Download the full paper by Eileen McDaniel, Ph.D., “A Practical Framework for Green Policy Decision-Makers: Maximizing Sustainability by Incorporating Consumer Behavior and Environmental Expert Opinion” (PDF.)

Executive Summary
Which “green” activities are consumers performing in their everyday lives?  Activities that-
•    Save them money?
•    Are easy to do?
•    Are the most beneficial to the environment?
•    Some combination of the three?

By combining insights from a recent survey of consumer behavior with expert opinion on green activities I found that:
•    Activities that experts rank as the most beneficial for the environment are not always performed frequently by consumers.
•    Economic benefit to the consumer is a stronger predictor of frequently-performed activities than environmental benefit.
•    However, convenience to the consumer is the best predictor of green behavior!

Decision-makers for sustainability programs can tailor this method to their particular location by:
•    Compiling a list of green activities specific to their region.
•    Surveying local consumers and experts.
•    Altering which dimensions are included in assessing the importance of various green activities.

“Newcomer” communities can maximize the impact of launching their green programs by:
•    Prioritizing activities that are convenient and economical for the consumer.
•    Motivating consumers with educational programs and incentives.
•    Waiting until the environmental program has gotten off the ground before encouraging activities that are low in convenience and economic benefit- unless they can be financially subsidized.

Newcomer Communities

Newcomer Communities


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Effectively Communicating Survey Data

Effectively Communicating Survey Data: Beyond Text Tables and Pie Charts

A review of an article from Investor’s Business Daily and recommended improvements is covered in this presentation.  The topic of the article is “Obama Terrorism Grade”, a summary of a survey conducted in early April, 2009 by Technometrica Market Intelligence.

The Results are summarized three ways in the article:
- Overall for all respondents
- By political party
- By ideology

Two presentation methods are used:
- Pie chart
- Two text tables

Weaknesses of the chosen presentation method are covered and recommended improvements are shown.

Sample from presentation:

The presentation is available here in Adobe PDF format.

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