At Spot20, we love the 80/20 rule. It's a concept which was developed in 1941 by Joseph M. Juran, inspired by the work of the Italian economist Vilfrido Pareto, who observed in 1901 that 80% of the Italian land was owned by 20% of the population. In statistics, this rule is associated with a "power of law distribution" and fits many natural- and business-observations (examples below). Spot20 is always focused on the important 20%
Architecting Intelligent Systems
Leading Enterprise Transformation and Digital Strategy by architecting the Cloud & Ecosystems and culture required to master complex operational and market challenges
Philosophy of the vital few
Geschäftsumsatz
Marshall, P. (2013). 80/20 Sales and Marketing. Entrepreneur Press80% der geschäftlichen Umsätze stammen von 20% der Kunden
Software Stability
Rooney, P. (2002). Microsoft CEO: Quality Is Priority One. CRN Archive.80% of software crashes are resolved when the top 20% of reported bugs are resolved.
Asset Value
Silver, E. A. et al. (1998). Inventory Management. Wiley20% of inventory items make 80% of the inventorys total value.