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

4. Abundant data

In the 1990s, data professionals focused on centralizing data. This involved moving it from source systems through complicated extract, transform, and load (ETL) scenarios and data quality processes, and eventually delivering that information to enterprise data warehouses. These data warehouse infrastructures were rigidly maintained and designed to be a single source of truth for data and simple analytic consumption. The frameworks that governed data warehouses lacked agility and often proved costly to maintain. Simple changes to datasets often required the approval of committees and rarely kept up with the requests of the data consumer.

And it’s not just that those data warehouses were strictly controlled; they also lacked the capability to handle diverse sources of information. Indeed, the 80/20 rule has been applied to enterprise data for longer than people care to remember. Countless articles have been published about the hurdles to tapping into that...