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About this Webinar

In this Webinar BIG Data: New opportunities and the trap, Eli and Amir will discuss the following: Eli Goldratt spoke about sifting information out the data ocean already in 1990 when he wrote the Haystack Syndrome. Nowadays the data ocean gets much bigger and the challenge of drawing out real value, like being able to come up with better decisions leading to superior results, is even tougher.

Reminder: Goldratt defined information as an answer to a question asked. What we like to get from the mass of data items are answers to questions we already have in our mind and are vital to decisions we have to make. It is able now also to suggest us to look at newly identified correlations, which could raise new questions for us.

The fact that storing data is no longer limited raises issues we intend to address:

1. What data we should store?
2. What is the improvement we hope to get by analyzing higher volume of data? When does the sheer volume generate better information?
3. How Business intelligence (BI) and Machine Learning can be effectively used? How should we focus? What data should we look for?
4. Should we agree to share data with others? What are the pros and cons of sharing data?

Big Data is used extensively by Facebook and Google to achieve more effective advertising, and by Amazon, and e-commerce in general, to influence you to buy more items. We’d like to inquire how more “regular” organizations could gain without losing focusing on what truly matters. On the way we’ll use Goldratt's Six Questions to get guidance on how to start thinking afresh on such huge topic.

About Eli Schragenheim - Founder of Inherent Simplicity.

Amir Schragenheim is the founder of Inherent Simplicity - a TOC software company which is part of the Goldratt Group, is active in the TOC community for over 15 years.

He now is the Director of Customer Success at SiSense. Amir has been involved deeply in knowledge developments in TOC and is considered to be one of the world experts in Production, Distribution & Retail for TOC implementations and has been recognized as such by the late Dr. Eli Goldratt himself. Amir developed several computerized TOC educational and simulation tools along with Eli Schragenheim. Amir participated in analyzing the solution and developed the software for TOC implementations in the healthcare industry including A&E and Operation Theatres. Amir holds an MBA from Tel-Aviv University Magna Cum Laude.

About Eli Schragenheim - TOC Global Elyakim Management Systems.

Eli Schragenheim is a well known international management educator, author and consultant active in various fields of management like corporate strategy, decision support, innovation, supply chain, project management, shop-floor control, IT and HR. He has worked with huge variety of organizations all over the world, including public-sector organizations, industrial, high-tech and start-ups.

Since he had joined Dr. Eliyahu M. Goldratt, the famous creator of the Theory of Constraints (TOC) in 1985, Eli Schragenheim has taught, spoken at conferences and consulted all over the globe, including the US, India, China, Japan, Canada, Britain, Russia, Brazil, Colombia, Israel, Germany, Italy, Belgium, South Africa and Australia. He taught and trained high-level managers and consultants to use TOC in the most effective way in all the above countries. Many of his past pupils are now practicing TOC in the highest levels.

Eli Schragenheim is also known for his own software simulators and management games designed to experience the thinking and potential of the Theory of Constraints (TOC) in complex environments.

Eli Schragenheim was a partner in the A.Y. Goldratt Institute and a director in The Goldratt Schools. He manages his own company Elyakim Management Systems (1992) Ltd. He served twice as a board member of TOCICO – the TOC International Certification Organization, a non-profit organization that was created by Dr. Goldratt to spread the TOC knowledge in the world. Lately Eli Schragenheim initiated TOC Global, an international organization of the best minds in TOC, to support TOC implementations worldwide, and generate huge value for large clients and projects all over the globe.

Eli Schragenheim is the author of several books on various aspects of management. His first book Management Dilemmas (1998) showed a variety of problematic situations in management and the rigorous analysis leading to the right solution. Next he collaborated with William H. Dettmer in writing Manufacturing at Warp Speed. In this book the new concept of Simplified-DBR, now a key concept in production planning according to TOC, was introduced. He also collaborated with Carol A. Ptak on ERP, Tools, Techniques, and Applications for Integrating the Supply Chain, and with Dr. Goldratt and Carol Ptak on Necessary but Not Sufficient. In 2009 his book Supply Chain Management at Warp Speed, with William H. Dettmer and Wayne Patterson was published. He also contributed two chapters for the Theory of Constraints Handbook, edited by Cox and Schleier published in 2010 by McGraw-Hill.

In March 2015, Eli has opened a blog, now containing more than 70 articles on various topics in TOC that everybody can access. The URL is www.elischragenheim.com

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