I read Richard Koch’s book on the 80/20 rule (Pareto Principle) a few years ago.The book really clicked with me. Since then I constantly look for this trend in companies I work with. The pareto principle, sometimes called the principle of factor sparsity or the law of the vital few, states that for many events approximately 80% of the effects come from 20% of the causes. This was originally observed… Read More »The 80/20 Rule in the S&P 500
Receipt-bank which automates the processing of business documents has announced it has acquired Xavier-Analytics. We have been using Xavier in the practise for a few months now and it has been extremely useful for finding errors, identifying duplicates and providing us with performance metrics. We’re still scratching the surface of it’s features but it has really helped to organise the month and year end end process.