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Confidence is a Measure of You (not our product)
Accendo Reliability Webinar Series
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Navigating Confidence in Product Reliability and Decision-Making
This chapter delves into the intricacies of interpreting statistical confidence for product reliability, focusing on its implications for warranty decisions and profit expectations. It highlights the need for expert judgment and comprehensive understanding in decision-making, cautioning against over-reliance on software-generated statistics.
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Confidence is a Measure of You (not our product)
podcast episode with speaker Chris Jackson
We like to think that we make decisions based on the information we have available to us. We don't. We instead make decisions based on emotions. And the most dominant emotion we rely upon when making a decision is confidence. You can have all the information in the world, but if you don't understand it, don't trust it, or otherwise don't believe in it, then you won't have the confidence to make the right decision. And we often try and generate false' confidence by having lots of clauses in contracts, schedule lots of tests, and demand people comply with standards. But the confidence these things create is a façade that quickly gets broken down when our products don't meet our expectations. Want to understand the only way you should be generating confidence when it comes to reliability engineering? Join us for this webinar! This Accendo Reliability webinar was originally broadcast on 25 February 2025.
To view the recorded video/audio and PDF workbook of the event, visit the webinar page.
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Confidence is a Measure of You
The post Confidence is a Measure of You (not our product) appeared first on Accendo Reliability.
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