Volcanic Analysis – Will it take off?

[Infohrm]

“Waiter, there’s volcanic ash in my soup. I know it’s a no-fly zone.“The ash may be settling but the internet is still alive with jokes about the Iceland volcano airline crisis.* *As is the volumes of statistics on this topic.the crisis impacted 29% of global aviation and affected 1.2 million passengers a dayshares in Air [...]

“Waiter, there’s volcanic ash in my soup. I know it’s a no-fly zone.“

The ash may be settling but the internet is still alive with jokes about the Iceland volcano airline crisis.* *As is the volumes of statistics on this topic.

• the crisis impacted 29% of global aviation and affected 1.2 million passengers a day
• shares in Air France down nearly 7%; British Airways were down 3.11%; Lufthansa ….
• airline revenue losses reaching $250 million a day*
• IATA represents some 230 airlines comprising 93% of scheduled international air traffic
• ….

All are interesting pieces of information that support the story of the paralyzed air travel in Europe and the significant financial impact to the industry, but how would an agency or organisation begin to analyze these individual pieces of data?*

Sure they could take ‘the needle in the haystack’ approach and start randomly looking for the piece of data that will give an answer, or they could collect the largest set of data possible before answering a problem – but *to avoid developing ‘analysis paralysis’ a proven method would be to conduct root cause analysis.* Basically start with a hypothesis, break it down into logical components, and then get the data needed to prove or disprove the hypothesis.*

So imagine if this process was packaged in an intuitive technology solution?* The investigation roadmap could be populated with a bank of potential causes for critical business issues which would assist analysts to deconstruct a hypothesis.* Data elements could be linked or entered to validate or invalidate causes, and potentially each validated cause could be connected to strategy recommendations for interventions. *The framework could be viewed as an extension to Inform’s soon-to-be launched ‘The Inform 100’, which will deliver organizations data framed by 100 critical human capital questions, but essentially it would assist analysts to navigate to the most obvious opportunities for organizational improvement.

“Watch this space for whether this idea remains dormant or whether it erupts.”



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