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

Organizational dynamics

Executives and senior managers will span the range of behaviors, from exuberant and public support to actively attempting to block projects and progress.

Building the AA&AI function and capability in an organization will be seen by some as an opportunity to grab more budget or funding and to create a larger organization or empire. You, as the executive sponsoring or building this new capability, need to be aware of this dynamic and ready to evaluate the motivations and abilities of these managers. It is entirely possible that these existing managers may understand data and analytics and have the experience, expertise, and knowledge of how to be successful in the macro and micro processes described earlier in this introduction. If that is the case and you believe in them, then the organization has a head start in the process, but if they do not have the requisite experience and knowledge, and they think that the success that they have had in other, possibly...