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

In this chapter, we covered a wide range of topics that set the context and provide a constructive corporate environment to begin to build a high-performing advanced analytics and AI team. As the leader of this new team, it is important that you connect with sponsors (executives), stakeholders (management), and subject matter experts (functional staff) and have a positive, collaborative, and cooperative relationship with all those groups.

It is crucial to your success and that of your new team that the executives and their downline organizations embrace analytics and engage in the process of building analytical applications that will be the leading edge of change and transformation in processes, people, products, and more.

Hiring the right people and ensuring that the leadership is oriented to an open mindset, ready for experimentation and change, are necessary environmental elements to evoke and realize the benefits of advanced analytics.

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