Joint Research Conference
June 24-26, 2014
The Lubrizol Corporation, a Berkshire Hathaway company, is a technology-driven global company that combines complex, specialty chemicals to optimize the quality, performance and value of customers’ products while reducing their environmental impact. Innovation is a critical component in driving organic growth at Lubrizol. As such, a significant percentage of total revenues is spent on R&D and the impressive group of Lubrizol technical experts, which include over 160 PhDs. In this talk, examples of how statisticians have been involved in innovation at Lubrizol will be provided. The examples will cover two different forms of innovation, i.e., product innovation and process innovation. In addition, the evolution of the role of a statistician, from providing transactional statistical services to playing a key role in important business issues, will be discussed.