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)
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Appendix A: My Most Popular Economics of Data, Analytics, and Digital Transformation Infographics

Empowerment #3: Empowering Teams Through Organizational Improvisation

Organizational Improvisation yields flexible and malleable teams that can maintain operational integrity while morphing the team's structure and execution in response to the changing needs of the situation.

Like a great soccer team (think of the United States Women's World Cup championship soccer team…like watching ballet on the soccer field) or an enthralling jazz ensemble (like Miles Davis or Freddie Hubbard…since I did play jazz trumpet in college), successful organizations embrace Organizational Improvisation or improv. They exhibit the ability to morph the team's structure and operating plans in real-time in response to changing customer and/or operational conditions while maintaining operational integrity.

Teams win games and change the world, not individuals. Yes, there are individuals (Thomas Edison, Alexander Graham Bell, Steve Jobs, Bill Gates, Elon Musk) who can evangelize...