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

CHAPTER 2
Understanding Advanced Analytics

“When the facts change, I change my mind. What do you do, sir?”
– John Maynard Keynes

Post-surgical complications are a huge issue. In fact, they are the most common reason for unplanned readmissions to the hospital. Now, though, the University of Iowa Hospitals and Clinics has developed an analytics system that can predict which patients are at greater risks for suffering an infection from a surgical wound.

The system uses a variety of data, including details of the surgery itself (such as the patient’s vital signs, including blood pressure and heart rate) as well as information from the person’s medical records (whether, for example, he or she has diabetes or hypertension). By analyzing that data, the system can predict in real time who’s more likely to develop an infection. For patients who are at higher risk, doctors can then use a different technique in treating the wound or prescribe...