My first post will be on how to train your mind for Analytical thinking.
I have shared a post from AnalyticsVidhya.If you are regular reader of
this page, you would have come across this post already.
Three basic benefits which I have realized by implementing such practices are as follows:
1. Power to innovate in problem statement and its solution:
To bring an out of box solution, you always need an out of the box problem statement. As an analyst, I continuously feel the need to find fact based problems which can create significant impact. We are surrounded by facts, and to search for the right facts to build up implementable solution is what it takes to be a successful analyst.
When we do a regular search of such interesting problems, our reflexes to look at imperfections sharpens. We are more capable of to think of new business cases which can become impact full projects.
2. Sharpen the reflexes to calculate faster:
Practice makes man perfect. It does so in two ways. First, your brain tends to retain some frequent calculations. Say, 1 million * 1000 = 1 billion. You don’t need to calculate the number of zeros because it gradually becomes very intuitive. Imagine thousands of such combinations right on the tip of your head. Engaging free time to make meaningful calculations for sure makes your calculative reflexes sharper.
3. Think about the same problem in many angles and choose the most effective one:
The puzzles can be very simple, but thinking the same puzzle with different methods and then comparison of different answers not only is interesting in nature but also helps you build on your evaluative skills. We gradually start to implement the same on complex scenarios.
Other links which might be helpful for the readers :
http://www.analyticsvidhya.com/blog/2014/02/tools-structured-thinking/
http://www.analyticsvidhya.com/blog/2013/06/art-structured-thinking-analyzing/
http://www.analyticsvidhya.com/blog/2013/06/art-structured-thinking-analyzing/
http://www.analyticsvidhya.com/blog/2013/09/5-habits-highly-successful-analyst/
Similar Blogs :
http://anuragbarman.blogspot.in
http://datasceptre.blogspot.in/
http://sdip28.blogspot.in/
http://analyticsyatra.blogspot.in/
http://praxis.ac.in/programs/business-analytics/
How to train your mind for analytical thinking?
Source : AnalyticsVidhya (http://www.analyticsvidhya.com/blog/2014/01/train-mind-analytical-thinking/)
I recently started going to the GYM.
Quite a big achievement for me to be going to the gym regularly for more
than a month. What always made me irregular was a lack of motivation to
go to the gym everyday. However, I made some key changes this time. For
starters, I paid a personal trainer and tightly followed a diet
schedule. In around 20 days I realized I was able to lift 3 times the
weight and 1.5 times the repetitions of the same exercise. Did my
muscles become thrice as strong as before? No, what my trainer played on
was “the muscle memory”. Say, I lifted 10kg on a particular exercise
yesterday and struggled to make 10 repetition, but somehow did it.
Today, my muscle already knows I was able to complete 10 repetition on
10 kg. This time I struggle far less, because I am already prepared for
what is coming.
I realized that same logic applies with
the power to think. If you make calculations on daily basis, your
calculations become more reflexive and accurate. An average working
person in weekday spends 25-30% of his time sleeping, 40-60% of his time
working , 10% of time eating and 15-25% idle. In this busy world more
than 50% of our idle time is spent on road. You can use this particular
time to develop sharper reflexes on numbers. This article will
illustrates some engaging methods that I use in this idle time to
sharpen my brain reflexes.
Some examples :
Driving
alone to office, sitting in a cab to airport ,and travelling in trains,
metro or bus are boring . I, however, engage myself in small puzzle
solving which not only engages me, but also sharpens my brain reflexes. Here I will take some puzzles which I solve everyday while on the way to the office:
1. Escape cops :
By far “the most interesting one” .
Everyday, I am just in time to leave for office. If the traffic is
heavy, it becomes sometimes inevitable to cross signal just after it
turns red. But on some blind turns, you find the traffic police waiting
for the next meat. Here’s what I did to predict the number of police
standing on the blind turns. I took two attributes to predict whether I
will find cops or not. These attributes were :
a. Day of the week
b. Pattern of cops on previous junctions
Using the above decision tree, I find a
particular node, where I found almost zero probability to find a cop on
blind junction. Till date, the algorithm works fantastically, but I am
still figuring out better attributes to follow.
2. Time to office :
Here’s an interesting one again. It
takes me 35 mins to reach office. But in case I get late for 2 mins at
any particular road, I am almost able to calculate the exact time I can
expect to reach the office. It’s simple but accurate. I have calculated
the time it takes to cover each segment of the route and a factor in
different scenarios of traffic at each segment. In total I have 7 check
points at a difference of 5 mins. each in case of light traffic. Looking
at the traffic in first segment gives me reasonable information to find
the right multiplier for each of the segments.
Till date I have been able to predict the time to office within first 5 mins of drive in a confidence interval of +/- 3 mins.
3. How fast is the other vehicles :
This is the most addictive one. I always
know my own vehicle’s speed and can judge the distance of approach of
other vehicles in 10 seconds. Hence, I am able to calculate the relative
velocity of other vehicle and, finally, the absolute velocity of the
other vehicle.
4. Sizing of services we use :
Whenever I take an auto-rickshaw, taxi
or any other services, I try to calculate the total sizing of that
business model and the profit individual players make in the process. I
have had the most interesting conversation with the drivers, who always
had some new insight on ground realities which I missed to incorporate
while thinking of the business model. You can read my article on sizing
problems here (http://www.analyticsvidhya.com/blog/2014/01/tips-crack-guess-estimate-case-study/).
Even though the article focuses more on interview approach, you can
leverage same framework to do the sizing of services on daily basis. Not
only will you find it interesting but also you will improve your
analytical skills.
Potential benefits of implementing such practices :
1. Power to innovate in problem statement and its solution:
To bring an out of box solution, you always need an out of the box problem statement. As an analyst, I continuously feel the need to find fact based problems which can create significant impact. We are surrounded by facts, and to search for the right facts to build up implementable solution is what it takes to be a successful analyst.
When we do a regular search of such interesting problems, our reflexes to look at imperfections sharpens. We are more capable of to think of new business cases which can become impact full projects.
2. Sharpen the reflexes to calculate faster:
Practice makes man perfect. It does so in two ways. First, your brain tends to retain some frequent calculations. Say, 1 million * 1000 = 1 billion. You don’t need to calculate the number of zeros because it gradually becomes very intuitive. Imagine thousands of such combinations right on the tip of your head. Engaging free time to make meaningful calculations for sure makes your calculative reflexes sharper.
3. Think about the same problem in many angles and choose the most effective one:
The puzzles can be very simple, but thinking the same puzzle with different methods and then comparison of different answers not only is interesting in nature but also helps you build on your evaluative skills. We gradually start to implement the same on complex scenarios.
Other links which might be helpful for the readers :
http://www.analyticsvidhya.com/blog/2014/02/tools-structured-thinking/
http://www.analyticsvidhya.com/blog/2013/06/art-structured-thinking-analyzing/
http://www.analyticsvidhya.com/blog/2013/06/art-structured-thinking-analyzing/
http://www.analyticsvidhya.com/blog/2013/09/5-habits-highly-successful-analyst/
Similar Blogs :
http://anuragbarman.blogspot.in
http://datasceptre.blogspot.in/
http://sdip28.blogspot.in/
http://analyticsyatra.blogspot.in/
http://praxis.ac.in/programs/business-analytics/