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

Build or buy?

Generally speaking, the computer industry tends to advance in cycles that operate in a predictable manner. Novel functions are built into firmware – software that’s permanently programmed into the memory of hardware. The hardware might be chips that are either application-specific integrated circuits (ASICs) or field-programmable gate arrays (FPGAs). These chips are manufactured in a fabrication plant and delivered to the customer ready to have new code loaded into them. Once the firmware is loaded, it lives and runs on the chip. The technology is a very fast method for executing code. In the database field, a wide range of companies have built such hardware-based systems and, in doing so, they were able to move the state of the art forward in dramatic fashion. Some of these early innovators included Teradata, Britton Lee, Netezza, and White Cross Systems.

Over time, the new functions (or sets of functionalities) evolve and are eventually built into...