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

Summary

Lord Nelson empowered ship captains who were "entrepreneurs of battle" by creating agile, malleable teams that could collaborate, share, and learn, based upon a common mission, shared language, and a culture of trust, openness, and fearlessness. Organizations that are seeking to achieve their digital transformation must also empower "entrepreneurs of innovation" by creating agile, malleable teams that can collaborate, share, and learn, based upon a common mission, a shared language of the customer, and a culture of team empowerment.

My final point in the book is this: You have all the tools and skills necessary to be successful, but ultimately your success is on you. The minute you start to blame others for your problems, you abdicate control of your life. Don't do it. Own your mistakes, and you will own your future.

I have failed several times in my life, and each failure has not only tested my faith and resolve but has provided valuable lessons...