A Data Science Central Community
Congratulation for your departure. In the current turmoil, we seldom have employee leaving the firm voluntarily. When I start the handover process to look into your work, I feel so resentful that I did not coach properly in your analytic job. These are something that I should have taught you properly:
1. Business drives technical and technological development
I know you always tell me it's impossible to do this and that. I am always taken as not understanding of your situation.…Continue
Added by Jeffrey Ng on November 23, 2012 at 7:30am — No Comments
I was frustrated by the fact that in every downturn, the management would lay off Analytics professional to trim down the cost. I have withstand two such stressful time but am still surviving. What makes you stand out among the Analytics Professional? To be more precise, how should you create a report for the end users?
Have you ever tailor-made any suit? Think about the experience: You choose the basic ingredients like materials, pattern, then they do…Continue
Added by Jeffrey Ng on November 20, 2012 at 9:58am — No Comments
I have twice the experience of building an Analytic team, one with my first job and second with my current one. I left in my first job just that I was frustrated by the organization's lack of commitment to Analytic, or in other word: I found that the Senior Management did not appreciate the development of Analytic. As I learnt it after years of contemplation, the problem lie not with the company, nor the boss: It has more to do with YOU, the lonely Analytic guy out there in the organization.…Continue
Management Consultant, especially Strategy Consultant, has been very appealing to MBA graduates. In fact, Strategy Consultant is also an Analytic Professional, except the fact that they also have to jot the dots and build up communication bridges within the organization.
What they are good at: Asking for cold facts, collecting it, giving relatively objective recommendations to firms and present their findings well. :-) Being an in-house analyst working with these consultants,…Continue
Added by Jeffrey Ng on November 9, 2012 at 8:47am — No Comments
You may wonder how those mighty people do the fancy projection in their business plan, there are broadly three methods of forecast and it is suitable in different situations: 1. Bottom up: 2. Top down guestimate, and 3. Top down forecast.
1. Bottom up
As its name suggest, forecast is down on name by name basis by the sales person, it is more often to have bottom-up forcast when the client numbers are smaller but High value Eg investment banking often uses this approach in its…
Added by Jeffrey Ng on November 3, 2012 at 5:13am — No Comments
There are different levels of reporting, depending on how much you demand yourself as a writer of the report. Firstly, a good report is another expression of a regression model. It tells you what variables are causing the change in business performance. Secondly, a good business report tells you new trend in terms of recent movement. For example, it tells you there are some new opportunities somewhere out there which your competitors may not aware.
To deliver a…
Added by Jeffrey Ng on November 3, 2012 at 4:31am — No Comments
I have a lot of embarrassing moments when my friends and relatives ask me about my job: what do you do in fact? I analyze business.
I am very often mistaken as an IT professional, the smarter people thinks that I work as an internal consultant to strategy development: doing financial modeling, presentations and advising management on strategic issue of the firm. This understanding is still far from the perfect view of my work. To help any students and…
Added by Jeffrey Ng on November 3, 2012 at 4:26am — No Comments