Book Image

The Economics of Data, Analytics, and Digital Transformation

By : Bill Schmarzo
5 (2)
Book Image

The Economics of Data, Analytics, and Digital Transformation

5 (2)
By: Bill Schmarzo

Overview of this book

In today’s digital era, every organization has data, but just possessing enormous amounts of data is not a sufficient market discriminator. The Economics of Data, Analytics, and Digital Transformation aims to provide actionable insights into the real market discriminators, including an organization’s data-fueled analytics products that inspire innovation, deliver insights, help make practical decisions, generate value, and produce mission success for the enterprise. The book begins by first building your mindset to be value-driven and introducing the Big Data Business Model Maturity Index, its maturity index phases, and how to navigate the index. You will explore value engineering, where you will learn how to identify key business initiatives, stakeholders, advanced analytics, data sources, and instrumentation strategies that are essential to data science success. The book will help you accelerate and optimize your company’s operations through AI and machine learning. By the end of the book, you will have the tools and techniques to drive your organization’s digital transformation. Here are a few words from Dr. Kirk Borne, Data Scientist and Executive Advisor at Booz Allen Hamilton, about the book: "Data analytics should first and foremost be about action and value. Consequently, the great value of this book is that it seeks to be actionable. It offers a dynamic progression of purpose-driven ignition points that you can act upon."
Table of Contents (14 chapters)
10
Other Books You May Enjoy
11
Index
Appendix A: My Most Popular Economics of Data, Analytics, and Digital Transformation Infographics

Index

Symbols

3 Horizons of Digital Transformation 169, 172, 174

A

AI agents 119

AI-driven Policies 166

AI Utility Function 120

American Heart Association 179

analytic modules 108, 110

Analytic Modules 160, 161

Analytic Profile 77

Analytic Profiles 52, 54, 91, 159, 161

Analytics Chasm 10, 11

Analytics Maturity Curve 162, 165

analytics module

deployment benefits 113

AND mentality 187, 188

Artificial Intelligence 119

Attributed Financial Value (FV) 100

B

backpropagation 115

Big Data Business Model Maturity Index 162, 165

Big Data Business Model Maturity Index (BDBMI) 5, 7

navigating 17

testing 27

Big Data Business Model Maturity Index (BDBMI), phases

Business Insights 12

Business Monitoring 8

Business Optimization 12

Digital Transformation 14, 15

Insights Monetization 13, 14

brainstorm

uses cases 36, 37, 39, 41

Business Initiative 78

Business Insights...