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SC4x W1L1 Looking To Data For Answers

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Lucas Martin Muñoz
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26 views9 pages

SC4x W1L1 Looking To Data For Answers

Uploaded by

Lucas Martin Muñoz
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Looking to data for answers

SC4x: Supply Chain Technology & Systems


Why look to data for answers?
• How can I predict customer’s leaving • Are we storing finished goods in the best
me for a competitor? possible location?

• Where are the best practices in our • How do we experience the impact of natural
global transportation fleet? disasters over time and space?

• Instinct & Impulse • Logical Reasoning

“Eureka!”

Inductive Logic Deductive Logic

00011001001010101110001110010101001100 DATA 00011001001010101110001110010101001100


© 2019 MIT Center for Transportation & Logistics | Page 2
A way to look to data for answers

The Cross-Industry Standard Process for Data Mining


“CRISP-DM”
Image source: https://en.wikipedia.org/wiki/Cross-industry_standard_process_for_data_mining

© 2019 MIT Center for Transportation & Logistics | Page 3


CRISP-DM
The Cross-Industry Standard Process for
Data Mining Image source: https://en.wikipedia.org/wiki/Cross-industry_standard_process_for_data_mining

© 2019 MIT Center for Transportation & Logistics | Page 4


Business Understanding & Data Understanding

Image source: https://en.wikipedia.org/wiki/Cross-industry_standard_process_for_data_mining

© 2019 MIT Center for Transportation & Logistics | Page 5


Data Preparation & Modeling
2016: 79% of project time!
2017: 51% of project time!

Image source: https://en.wikipedia.org/wiki/Cross-industry_standard_process_for_data_mining Sources: Crowdfowler Data Scientist Report 2016, 2017

© 2019 MIT Center for Transportation & Logistics | Page 6


Evaluation & Deployment

Image source: https://en.wikipedia.org/wiki/Cross-industry_standard_process_for_data_mining

© 2019 MIT Center for Transportation & Logistics | Page 7


Key Points from Lesson

• Data can be a valuable input to all types of


decision making
• But, data is not necessarily easy to get, or
easy to work with!
• One approach to data-driven decision
making for business is CRISP-DM.
• Not everyone follows CRISP-DM exactly,
but many people experience a workflow
similar to the one CRISP-DM describes.
• The process is circular and iterative.
• The rest of this course will prepare you for
similar supply-chain focused projects.

Image source: https://en.wikipedia.org/wiki/Cross-industry_standard_process_for_data_mining

© 2019 MIT Center for Transportation & Logistics | Page 8


Ham the cat has had enough of your analyses.

[email protected]
[email protected]
© 2019 MIT Center for Transportation & Logistics | Page 9

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