Procter & Gamble veteran describes an analytics journey that saved millions
Feb 14, 2018 6:37 AM
The decision-making culture at Procter & Gamble is characterized by a love of data, says Cy Wegman.Cy Wegman is an inspiration. He had a 38-year career of creating value and greater analytic bandwidth at Procter & Gamble, where he was the Empirical Modeling and Optimization Global Leader. Now that he’s quasi-retired, he helps other organizations create value and analytic bandwidth since founding SY64, an analytics consultancy specializing in modeling, optimization, design of experiments, and data analysis.
Because his efforts at P&G saved hundreds of millions of dollars, Cy won the highest award a P&G engineer can receive: the PRISM award. He is a member of the P&G Engineering PRISM Society (Professional Recognition of Individual Sustained Mastery). Only 2 percent of the company’s engineers receive this award.
His analytic contributions to numerous projects across several product lines and his global training and mentoring of thousands of colleagues leave a lasting legacy at P&G. His colleagues view his departure as the end of an era.
I had the pleasure of interviewing Cy for this month’s episode of Analytically Speaking. In our chat, Cy shares how the culture at P&G supports better decision-making — how much the love of data and the love of learning factor into it, how team decisions are encouraged, the importance of mentorship and foundational leadership values like integrity, trust, patience, kindness, and more.
His enthusiasm for technical problem-solving and overcoming obstacles shines through when he discusses highlights from his long, rewarding career at P&G. He tells about working on an optimization project where he was able to increase production, improve quality, AND decrease costs. He has great appreciation for the tremendous changes in designed experiments throughout his career — and he even said this made his career! He also makes a case for why every analyst and data scientist should watch the movie Hidden Figures.