Business People Vermont May 2017 : Page 1

JACK TENNEY Extra Point Business People VERMONT May 2017, Volume 33, Number 12 I s there no room for “little data” on a board-room agenda? Big data is to global warming what little data is to the weather forecast. So, what do you think leads the directors’ meeting? I’m thinking year-over-year comparisons with a lot of discussion about order backlogs and cur-2 Vermont Wholesale Building Products FEATURES 2 Chairman of the Boards Specialty lumber is his specialty. 6 Verification Administration Making sure the building works right. 10 Under Constrtuction A look at some recent construction projects. 12 Architectonic Harmony A fine bromance. 16 Plumb Nice 6 Cx Associates rent competitive evaluations. Next up, new products — first our new products then suppliers’ new products. Last, a bit of gossip, maybe a joke, and our compensa-tion status, of course. Regardless of what industry I was employed in there was something equivalent to S&P average to compare your biz’s performance to. Household forma-tions, oil prices, snowfalls, inflation, hot war, cold war, tuition rates, birth rates, marginal tax rates, inventory valuation ... Yeah, inventory valuation, because inventory value is an art, not a science. Commodities are all LIFO (last in, first out) really, but future values force producers to use NIFO (next in, first out). Probably, little general store owners have learned the hard way to put new labels on the coffee cans to ensure they’ll be able to replace old inventory at new rising prices from current sales revenue. If they’re not quick enough they could Master of his trade. 20 Act 250 Rundown Act 250 applications that were submitted in 2016 and approved before press time this year. 12 Smith Buckley Architects DEPARTMENTS 26 Personnel Points 28 New Business — Mergers & Acquisitions 33 Breaking Ground 34 Faces & Places be paying four bucks to replace the can they just sold for three. Presumably, big data follows coffee prices from Juan Valdez to the Jericho Country Store and tells Wal-Mart what price it should loss-lead Maxwell House. Question: Have you ever been to a supermarket where the milk is at the front of the store? Anyway, here’s a quick recap of data: Bit, nib-ble, byte: 1 bit, 4 bits to a nibble, 2 nibbles to a byte. There are 256 possible values to a byte, which is to say 11111111 in binary equals 256. Skipping right along, a kilobyte is 1,000 bytes, then gigabyte, terabyte, peta-byte, exabyte, zettabyte, yottabyte — you get the pic-ture? A kilobyte holds maybe a few paragraphs while a terabyte can hold four million-plus books. Big data check out, I don’t know, like millions of terabytes. Finally, the extra point: Paul likes Diet Coke, John likes hi-test Pepsi. John took over Paul’s apartment and Paul gave John his supermarket loyalty card. Did big data flag that? Publisher Jack Tenney General Rebecca Manager Awodey Managing Virginia Editor Lindauer Simmon Editor Edna Tenney Advertising Larry Brett Sales Alex Brett Photographers Brad Pettengill Copy Editor Jane Milizia Cover Photo Brad Pettengill 16 Rycandon Mechanical Business People Vermont FORMERLY BUSINESS DIGEST OF GREATER BURLINGTON ©2017 Mill Publishing Inc. All rights reserved. Business People–Vermont (ISSN 1523-6781) is published monthly by Mill Publishing Inc., 237 Commerce St. Ste. 202, P.O. Box 953, Williston, VT 05495-0953. Periodical postage paid at Williston, Vt., and additional mailing offices. All rights reserved. Reproduction of any portion without written per mission of the publisher is forbidden. Postmaster: Send address changes to Business People–Vermont, P.O. Box 953, Williston, VT 05495-0953. Editorial material and photographs are solicited and should be mailed to the Editor, Business People–Vermont, P.O. Box 953, Williston, VT 05495-0953. Telephone: (802) 862-4109. Advertising rates available upon request. Subscription rates: $30 one year. Printed in U.S.A. Email: business@ BusinessPeopleVermont.com for general inquiries, and editor@BusinessPeopleVermont.com for press releases. BUSINESS PEOPLE–VERMONT • MAY 2017 1

Extra Point

Jack Tenney

Is there no room for “little data” on a boardroom agenda?

Big data is to global warming what little data is to the weather forecast. So, what do you think leads the directors’ meeting? I’m thinking year-over-year comparisons with a lot of discussion about order backlogs and current competitive evaluations. Next up, new products — first our new products then suppliers’ new products. Last, a bit of gossip, maybe a joke, and our compensation status, of course.

Regardless of what industry I was employed in there was something equivalent to S&P average to compare your biz’s performance to. Household formations, oil prices, snowfalls, inflation, hot war, cold war, tuition rates, birth rates, marginal tax rates, inventory valuation ...

Yeah, inventory valuation, because inventory value is an art, not a science. Commodities are all LIFO (last in, first out) really, but future values force producers to use NIFO (next in, first out). Probably, little general store owners have learned the hard way to put new labels on the coffee cans to ensure they’ll be able to replace old inventory at new rising prices from current sales revenue. If they’re not quick enough they could be paying four bucks to replace the can they just sold for three.

Presumably, big data follows coffee prices from Juan Valdez to the Jericho Country Store and tells Wal- Mart what price it should loss-lead Maxwell House. Question: Have you ever been to a supermarket where the milk is at the front of the store?

Anyway, here’s a quick recap of data: Bit, nibble, byte: 1 bit, 4 bits to a nibble, 2 nibbles to a byte. There are 256 possible values to a byte, which is to say 11111111 in binary equals 256. Skipping right along, a kilobyte is 1,000 bytes, then gigabyte, terabyte, petabyte, exabyte, zettabyte, yottabyte — you get the picture? A kilobyte holds maybe a few paragraphs while a terabyte can hold four million-plus books. Big data check out, I don’t know, like millions of terabytes.

Finally, the extra point: Paul likes Diet Coke, John likes hi-test Pepsi. John took over Paul’s apartment and Paul gave John his supermarket loyalty card. Did big data flag that?

Read the full article at http://www.bluetoad.com/article/Extra+Point/2774702/404357/article.html.

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