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

Summary

This chapter has been about discussing and explaining what you will need to do on a daily basis to ensure that you, your analytics team, and your functional team colleagues are successful.

We started the chapter by outlining how the analytical and production processes come together and work in a symbiotic way. These two processes support and engage each other to ensure that we have built, and are operating, an ongoing self-improving process to move the company forward in achieving our goals and objectives.

We are seeking to have a continuous loop of data flowing from operations to analytics and a smooth return flow of data and results to operational systems and to decision makers to support and extend the capabilities of the functional teams and the leaders who manage those teams.

We moved from detailed operational considerations to more conceptual topics.

We explored why you and your analytics team need to be cognizant of how to understand and mitigate bias...