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SigmaWay Blog

SigmaWay Blog tries to aggregate original and third party content for the site users. It caters to articles on Process Improvement, Lean Six Sigma, Analytics, Market Intelligence, Training ,IT Services and industries which SigmaWay caters to

As a Six Sigma exponent who is an IT engineer with a MBA in services and certifications in risk management (FRM,GARP), project management (PMP,PMI-USA) and process improvement (Master Black Belt and Black Belt certifications from ASQ-USA) , I can leverage my cross functional expertise and exposure to multiple domains to provide innovative solutions to my clients.

Currently I work as a Director at SigmaWay LLC , a boutique solutions provider in the Process Consulting, Analytics ,Market Intelligence, Training and niche IT Services with offices in US and India.

Judging the sentiment of the stock market with the help of social media

In the recent years, social media has become a place where emotional roller coaster of the stock markets can be captured. How the Twitter and Facebook users are reacting to different business news can foretell where the index is heading. Knowing this information can help the companies in predicting their market price, top line, etc.

To know more on how social media can help in predicting in stock prices read http://www.investopedia.com/articles/markets/031814/can-tweets-and-facebook-posts-predict-stock-behavior-and-rt-if-you-think-so.asp .

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IT sector in 2014

From an article in The Economic Times, we come to know about the few main parameters on which IT sector would be heavily concentrating in the year 2014.

 For More Information: 

http://articles.economictimes.indiatimes.com/2013-12-22/news/45444932_1_cloud-services-scam-data-insigh

 

 

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Recent Comments
SOHAM SRIMANI
superb
Monday, 24 March 2014 14:53
SOHAM SRIMANI
Good one!
Monday, 24 March 2014 20:28
SOHAM SRIMANI
Nice work
Tuesday, 25 March 2014 05:12
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Predictive analytics and talent management

 

An article by John Boudreau, professor and research director at the University of Southern California’s Marshall School of Business and Center for Effective Organizations, explains how predictive analytics is helping companies in the field of talent management.

For More Information; 

http://humancapitalmedia.com/item/will-predictive-analytics-impact-future-talent-management-2

 

 

 

 

 

 

 

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SOHAM SRIMANI
good one
Monday, 24 March 2014 14:49
SOHAM SRIMANI
Thats a well written summary man
Tuesday, 25 March 2014 05:14
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NSW takes the lead with connected healthcare

The government of NSW has released their long awaited integrated care strategy. This strategy emphasises on greater collaboration among the big players in health care industry and motivates partnership between hospitals and community based service. The article by Darragh O’ Keeffe, Editor of Australian Ageing Agenda, speaks about this strategy and its benefits.

 

For more information please visithttp://www.australianageingagenda.com.au/2014/03/20/nsw-takes-lead-connected-healthcare

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Recent comment in this post
SOHAM SRIMANI
Thats a well written summary man
Tuesday, 25 March 2014 05:14
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HR analytics: Haves and Have-Nots

An article by Josh Bersin, HR and talent management consultant, explains how some companies have used HR analytics to bring about a positive change in their organization and how some companies are still dealing with data management and reporting complexities.

For More Information:- 

http://www.forbes.com/sites/joshbersin/2013/10/07/big-data-in-human-resources-a-world-of-haves-and-have-nots/
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Big Data: the next big thing in the Financial Services

Big Data was the talk of the town in 2013 and the trend is likely to continue in 2014 as well. Though Big Data has been used in the finance domain earlier, it has been limited.But this year it is expected to take a giant leap in terms of its applicability.

Using the power of social media and analyzing the vast amounts of data generated by them, financial companies can directly interact with their retail clients to provide them with an insight to the customers’ experience. Finance sector being data-centric, Cloud technology will help companies store large volumes of data which was otherwise not feasible given the cost and technological setup constraints. The sophisticated mobile technology will help in generating more data from the customers within an exceptionally short span of time. And finally, Analytics will do the most interesting part – forecasting and predicting results with the help of Predictive Modeling and beyond. Together, the Social, Cloud, Mobile and Analytics (SMAC) will close in and will redefine the financial sector operations.

Additionally, Big Data and Analytics will be used more and more in solving different financial cases and also studying investment practices with the help of Semantic Analytics.

 For more information,read http://www.wallstreetandtech.com/data-management/big-data-use-cases-across-financial-serv/240165075 to know on how Big Data is about to change the Financial world.

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The potential value of predictive analytics in HR

 HR predictive analytics empowers a company to anticipate and prepare for the future. There is a continuous growth in the use of predictive analytics for the last few years. Studies have shown that predictive analytics act as a decision support system, enabling managers to take best decisions, resulting in an average of 5-6% higher gains than competitor companies.

Predictive Analytics 

For more information follow

http://resources.rpoassociation.org/blog/bid/327375/The-Potential-Value-of-Predictive-Analytics-in-Human-Resources                

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SOHAM SRIMANI
Human resource is one of the important functions within an organization. Better it is, better employee satisfaction.
Monday, 24 March 2014 11:11
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Majority of Americans say the healthcare system isn't in a crisis

Through a study, Gallup (research organisation) found that two thirds of the Americans are satisfied with the current health care system. People who own insurance schemes are more satisfied with the current health care system compared to others who don’t have insurance schemes. According to Gallup, health care insurance status plays an important role in the life of an American. Researchers also found that most of the young and old people like the present health care system. The article by Laura Matthews, U.S political reporter for the International Business Times, speaks about the Americans’ reaction towards the current health care system.  

 

For more information please visit http://www.ibtimes.com/majority-americans-say-healthcare-system-isnt-crisis-1561795

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5S Program: What is it?

In the Six Sigma domain, 5S Program is a valuable continuous process improvement in reducing waste. The process of 5S was started in Japan to engage process teams. The 5S consist of: Sort – Straighten – Scrub – Standardize – Sustain. For an effective 5S program, it is important that all the steps are carried sequentially. Also, it is important that the management must motivate its employees to carry the 5S Program on a regular basis and must review the processes from time to time.

 

To know more on how a 5S Program helps to add value to the organizations, follow the link http://www.isixsigma.com/tools-templates/5s/a-model-for-implementing-a-5s-program/?type=LINL .

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What’s Behind the Growing Trend of PEO industry!


 According to the National Association of Professional Employer Organizations (NAPEO), employment growth has increased by 9 percent higher than other small businesses.
The Florida Association of Professional Employer Organizations (FAPEO) identified the reasons behind the growth of PEO industry. These are controlling costs
, saving time and paperwork hassles, providing professional compliance ,reducing turnover and attracting better employees, providing claims management compensation, providing better benefits packages, providing professional human resource services , reducing accounting costs.

To read more, Visit: http://www.broadwayworld.com/bwwgeeks/article/More-Businesses-Rely-on-Professional-Employer-Organizations-to-Increase-ProfitsiPEO-Solutions-Identifies-Whats-Behind-the-Growing-Trend-20140214#.UyF1TT-SyZY  

 

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Analytics in election process

An article by Mr. George Shen, information strategist and consultant with Deloitte Consulting, explains how analytics has become an inseparable part of any election process nowadays.

For More Information please visit

http://www.analytics-magazine.org/january-february-2013/731-big-data-analytics-and-elections

 

 

 

 

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Analytics:- A driving force in HR industry

This whitepaper describes how HR Analytics is helping core HR business processes to make right business decisions.

For More Read Information : 

https://www.informationweek.com/whitepaper/Business-Intelligence/Analytics/hr-analytics-driving-return-on-human-capital-inv-wp1300214171928?articleID=182900009
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Predictive Analytics in Auto Industry

A recent webinar by INDUSTRYWEEK explains the different uses of predictive analysis in auto industry and how it is changing the competitive atmosphere.

For More Information :  http://www.industryweek.com/webinar/predictive-analytics-transforming

 

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2014 #hrwins program

#hrwins program has been started by LAROCQUE; the leading Strategy and GoToMarket Consulting firm for HR related technology. The main purpose of #hrwins program is to encourage innovation in HR Technology products.


The result of 2014 #hrwins program was announced, where 15 HR Technology firms received the distinction of “HR Companies to Watch”. Some of them are ADP, BlackbookHR, Ceridian, HireVue, Jibe etc.

 

For more information, please go through: http://www.prweb.com/releases/2014/03/prweb11659203.htm

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SOHAM SRIMANI
indeed interesting
Monday, 24 March 2014 11:11
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Analytics in Human Resource

Mick Collins a senior consultant with SuccessFactors, writes in his blog, how companies are growing with the use of big data analytics in the field of Human Resources.

For More Information :- 

http://blogs.hbr.org/2013/12/change-your-company-with-better-hr-analytics/
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Analytics help in reducing machine downtime

Machines are important in any manufacturing industry. As wear and tear of the machines are obvious, a preventive maintenance program is vital to i) reduce machine downtime, ii) get the overall view of the health of the machine and iii) estimate the cost of the maintenance.

The preventive maintenance can be done with the help of a Predictive Maintenance program, also known as PdM which includes the techniques of Predictive Analytics. Different sensors installed in the machine provide inputs to the Analytical Software from which the degradation process can be understood. This will help in predicting different failure modes of the machine.

 

To know its benefits and how PdM improves machine & equipment maintenance, please go to http://www.lselectric.com/4-ways-predictive-analytics-improves-equipment-maintenance/

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Analytics in Fashion Industry

A presentation by Geoff Watts, Chief Executive Officer  & Co-Founder of EDITD, where he speaks about how big data is helping the fashion industry. As apparel brands are going global, huge amount of retail and consumer data are generated .To tap these data, the fashion industry is taking the help of different analytical tools to get a complete picture of the industry during different time periods and take a decision.

For More Information :- 

http://www.ecommercefutures.co.uk/big-data-analytics-for-the-apparel-industry.html
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Bank meets Analytics

Imagine, in this IT enabled world, different departments of a bank are operating on a standalone framework, managing millions of customer data. So it’s obvious that they will not have a clear picture about customers’ demographic pattern, their preferences and their account usage patterns.

Thanks to Analytics, these problems are now being solved. Omar Sohail, Principal, Deloitte Consulting LLP and Banking & Securities, Business Analytics & Information Management Leader, writes how structured, unstructured and semi-structured data can help the banks in reaping benefits by getting more insights about customer data.

 

For detailed information please go to http://www.baselinemag.com/analytics-big-data/banking-on-big-data-and-analytics.html .

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Big Data Analytics in Petroleum Industry

Adam Farris, Senior Vice President of Business Development for Drillinginfo, talks about how oil and gas industry is taking the help of big data analytics to analyze huge amount of unstructured data and use that information to optimize its operational performance so as to increase their profitability.

For Further Reference :- 

http://www.analytics-magazine.org/november-december-2011/695-how-big-data-is-changing-the-oil-a-gas-industry
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Dashboard View For All

Rural development is the backbone of a  country’s development process. Now a small team from Harvard University is helping  the ministry of rural development  to create dashboard which would help the government to present the information in a simple & visual format  so that the projects can be implemented and monitored in a better way.

For Further Reference :- 

http://governancenow.com/news/regular-story/rural-development-ministry-launch-mnrega-dashboard
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