I had the pleasure of speaking at ProductCamp RTP 2018 on the topic of reducing business risk through simulation — how business managers can achieve the same kind of benefits that pilots receive from the use of flight simulators. I have reduced my original ProductCamp RTP 2018 presentation to a 6-minute movie (below).
In simulated flight, pilots navigate a realistic virtual world while a trainer subjects them to rare events like engine failure. The pilot learns through repeated failure how to recover from these challenging training events without loss of property or life.
When I saw the recent news about a pill with an ingestible sensor to track medication adherence/compliance, essentially the next level of Medication Event Monitoring Systems, I thought again about what I refer to as the “Belson Fallacy” – the belief that tech can solve every problem.
What I found particularly interesting was that this unique drug-device combination is intended for the “treatment of schizophrenia, acute treatment of manic and mixed episodes linked with bipolar I disorder”, conditions that can include symptoms such as “extremely disordered thinking and behavior that impairs daily functioning“. So while on the surface, I do see a certain logic in having another means to ensure that patients are taking their medications, does this tech approach stand up under a little further scrutiny?
I recently had the pleasure of addressing the Research Triangle Park chapter of the International Institute of Business Analysis (IIBA). My presentation (below) was intended to provide attendees with couple tools that many had never used: Causal Loop Diagrams, and Stock-and-Flow Modeling software.
Although I tailored my presentation to the Business Analyst audience, these tools can also provide improved insight and solution simulation in a safe environment to others across an enterprise; for example:
Impact of different marketing efforts on sales
Effect of competitive products and pricing on launch activities