Book Image

Building Analytics Teams

By : John K. Thompson
5 (1)
Book Image

Building Analytics Teams

5 (1)
By: John K. Thompson

Overview of this book

In Building Analytics Teams, John K. Thompson, with his 30+ years of experience and expertise, illustrates the fundamental concepts of building and managing a high-performance analytics team, including what to do, who to hire, projects to undertake, and what to avoid in the journey of building an analytically sound team. The core processes in creating an effective analytics team and the importance of the business decision-making life cycle are explored to help achieve initial and sustainable success. The book demonstrates the various traits of a successful and high-performing analytics team and then delineates the path to achieve this with insights on the mindset, advanced analytics models, and predictions based on data analytics. It also emphasizes the significance of the macro and micro processes required to evolve in response to rapidly changing business needs. The book dives into the methods and practices of managing, developing, and leading an analytics team. Once you've brought the team up to speed, the book explains how to govern executive expectations and select winning projects. By the end of this book, you will have acquired the knowledge to create an effective business analytics team and develop a production environment that delivers ongoing operational improvements for your organization.
Table of Contents (14 chapters)
12
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13
Index

Becoming data and analytically driven

One of the mindset changes as well as the organizational process changes that is required to be successful in this journey is that by becoming a data and analytically driven organization, you at some point realize that the organizational change you seek is never "done." This process is evergreen and ever changing.

Along with the "macro" process of organizational and mindset change, there is a "micro" process of evolving and changing in response to the needs, wants, and desires of customers, patients, the market, the environment, suppliers, investors, stakeholders, and competitors. From the perspective of the middle of the processes as described, these processes at the execution level are usually described, organized, and discussed as projects. The larger overall process is typically made up of projects that focus on a specific objective or goals, but the overall process is dynamic and ever changing. If you, your...