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

Conclusion

As we mentioned in the introduction to this chapter, Rome wasn’t built in a single day; neither will your analytic capabilities be attained so quickly. That said, we have personally seen hundreds of companies begin their analytic journeys and gradually make significant progress toward greater competitive advantage. Of course, those journeys were not without their fair share of stumbles along the way. In our experience, success typically comes to those projects that have solid support from the top, that have marshaled the necessary resources, and that have done the required groundwork to prepare the organization for the upcoming changes. In Chapter 6, we discuss the typical problems that tend to derail these types of projects, and we provide advice for avoiding the common pitfalls.


Endnotes:

1 Mary K. Pratt, “How Progressive Uses Telematics and Analytics to Price Car Insurance,” CIO Magazine (July 26, 2013), available at http://bit.ly/2t0oUUk...