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

Evolved leadership is a requirement for success

On my multi-decade journey of driving innovation in and through analytics, not just at the technological level, but at the practical, day-to-day level, I have been constantly reminded of the critical need for company leadership teams to understand, support, and sponsor corporate efforts in managing data as a strategic asset and creating analytics to drive transformation. Every organization that undertakes this transformational effort requires engaged and informed leadership that understands and views this as a long-term, strategic, organizational change management process.

"We need to become a focused medicines company that's powered by data science and digital technologies," [7] said Vas Narasimhan, CEO of Novartis AG, in an interview with the Wall Street Journal in February 2018. For every CEO that thinks like Mr. Narasimhan, there are multiple CEOs who have little to no idea what data and analytics can do for their...