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

Reinvention through algorithms

Creating new products and services can certainly increase a company’s competitiveness, but what is truly transformational are the various ways in which many firms are using the algorithm economy to reinvent themselves. Consider the following examples:

  • RioTinto has created the mine of the future. Self-driving cars have recently been generating much media coverage, but RioTinto’s Pilbara division has been using autonomous vehicles for years. The division deploys a fleet of nearly 70 autonomous haulage trucks along with automated drilling systems. An operations center in Perth enables all of the company’s mines, ports, and rail systems to be operated from a single centralized location. In addition, the use of real-time data and an array of advanced analytics applications enable RioTinto to operate its mines with competitive efficiency that has improved its bottom line.
  • Telenor has developed an entirely new line of business...