Book Image

Analytics: How to Win with Intelligence

By : John Thompson, Shawn P. Rogers
Book Image

Analytics: How to Win with Intelligence

By: John Thompson, Shawn P. Rogers

Overview of this book

Today, business is moving into an era where information is more valuable than services. Organizations that connect information with their products will have a huge advantage. This book helps people understand the power of data analytics and explains how some of the tools available can be applied to a wide range of applications. It begins with a brief history of analytics and explains how it all began. You'll learn about several common analytical approaches and the tools that data scientists use to analyze data. You'll gain insight into some staffing models, technologies, organizational structures, and analytical approaches used in the previous two eras of analytics. As you progress through the chapters, you'll also get a glimpse into the future of the analytical marketplace. After reading this book, you will be able to help your team deploy analytical elements into your operations and become competitive in your business.
Table of Contents (11 chapters)
Free Chapter
1
Foreword by Tom Davenport

Target’s targeting of pregnant women

Our three-factor litmus test – context, permission, and accuracy – can be helpful in assessing whether any particular application might lead to customer backlash. Let’s return to the Target story.

Generally speaking, the technique of combining and analyzing multiple data sources to derive a new data point or piece of information isn’t inherently controversial. For instance, meteorologists regularly take readings of many variables (temperature, humidity, barometric pressure, wind speed, and so on) from multiple sources. That data is then combined and analyzed using an advanced analytics platform to derive weather predictions. Society greatly benefits from those forecasts, especially when they accurately predict the arrival of hurricanes, blizzards, and other adverse weather events. In such cases, we are grateful for the advance warning and aren’t particularly concerned about the intricacies of the underlying...