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

The core collaboration/innovation cycle

Once sponsors have committed their teams to the process of improvement through data and analytics, and candidate areas for improvement have been selected, then the AA&AI COE team and the functional team (that is, the sponsors, stakeholders, and subject matter experts) can begin to analyze the operational area, the processes, the data, the organizational resistance to change, and the feasibility that the required data exists today and in a historical form. The AA&AI COE team can explain to the functional team the analyses that will be experimented with and undertaken and the analytical pipeline and models that will be developed.

The functional team will need to understand the process changes, the new mode of operating, and the resulting changes to their personnel needs and daily functions.

After a common understanding of the area to be analyzed and improved through data and analytics has been developed, the functional team and...