Edwards Deming's Latest News

Summary of Deming News (Last 24 Hours)

• Earl Parker, CEO of Commonwealth Senior Living, mentions monitoring internal and external business metrics to measure success.
• Parker refers to William Edwards Deming, a statistician who coined the Plan, Do, Study, Act cycle, an iterative approach to building and developing models.
• The competitive advantage lies in the richness of data, business knowledge, feature engineering, and augmented models.
• Atlassian Intelligence has announced its commitment to infusing AI functionality into its portfolio of products, focusing on generative AI applications and leveraging LLMs.
• There is a passion and engagement around LLMs, with a democratization of machine learning and the exploration of various applications.
• However, there are limitations and shortcomings of LLMs, such as hallucination.
• Measuring the efficacy of models is challenging, and frameworks like HELM and Open are available for standardized evaluation.

Sources:

My academic background is statistics, so I’m a big fan of a gentleman by the name of William Edwards Deming–He was a statistician and he coined the Plan, Do, Study, Act cycle. Which has many, many variants out there. And it’s very much this kind of cyclical, iterative approach to building and developing models where you can fail fast and move on. I find that a very illuminating way to frame the engagement and kind of what that process looks like. It’s been adopted by, in various guises over the years, in a lot of different disciplines, but I find that very useful as a framework.

https://www.forbes.com/sites/aparnadhinakaran/2023/07/07/interview-mark-scarr-senior-director-of-data-science-at-atlassian/

I talked about my mentor that introduced me to this, but the whole Deming Cycle of continuous improvement. You plan something, you do it, then you study it, and then you react based on what you learned. You’re constantly trying things and knowing that they’re not always going to work out.

https://seniorhousingnews.com/2023/07/07/changemakers-earl-parker-ceo-commonwealth-senior-living/

But then we realize that he also seems to be observing a small report on the "Deming Cycle", that is, the management method used for the control and continuous improvement of processes and products.?

https://www.ilgiornale.it/news/lapparenza-non-inganna-fa-ridere-se-si-mette-posa-2178730.html

Check out my new book on Dr. Edwards Deming

Deming's Journey to Profound Knowledge