Hi Friends,

Even as I launch this today ( my 80th Birthday ), I realize that there is yet so much to say and do. There is just no time to look back, no time to wonder,"Will anyone read these pages?"

With regards,
Hemen Parekh
27 June 2013

Now as I approach my 90th birthday ( 27 June 2023 ) , I invite you to visit my Digital Avatar ( www.hemenparekh.ai ) – and continue chatting with me , even when I am no more here physically

Wednesday 19 July 2006

COMPS CAN BEAT HUMAN MANAGERS

19 Jul 2006

Rahul

'COMPS CAN BEAT HUMAN MANAGERS'

         . Chris Snijders of Eindhoven University of Technology.

. "As long as you have some history and some quantifiable data from past experiences", Snijders claims, a simple formula will soon outperform a professional's decision - making skills.

. Computer models given the tasks achieved better results in categories like timeliness of delivery, adherence to the budget and accuracy of specification.

. Model was much faster and more accurate than the old system.

. Mathematical models generally make more accurate predictions that humans do. Studies have shown model can better predict the success or failure of a business start - up, and further performance in graduate school.

       . Licking the winning dogs at the racetrack

. The main reason for computers' edge is their consistency Computer model to evaluate stocks.

. Many putative managerial qualities like experience and instution, may in fact be largely issue story, as they develop bad habits that go uncorrected from lack of feedback.

. Meeting in person and poring over dossiers’, are of quality dubious value when it comes to making more   accurate choices, with face - to - face interviews actually degrading the quality of an eventual decision.

. This (Observation) goes against what we are trying to promote, viz : more use of "Face - to - face"     interviewing, using our IIT "(So, obviously, we will NOT quote this report!)

. But, over a period of time, we must develop many statistical "co - relations" between hundreds of          "variables" that we will capture in millions of Job - advts & resumes, in order to be able to "PREDICT", What   career - path / growth path, a given candidate is most likely to achieve, if today, he is

               1) B.E. (Mech)

               2) South Indian

               3) From IIT - Marks

               4) Bachelor

Hemen Parekh

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