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

Hiring the Chief Data Officer or Chief Analytics Officer – where to start?

Building an analytics team can start at any number of points: bottom-up, top-down – either approach can work. Let's assume that the organization is just beginning to build the data and analytics capability; they can start by hiring the Chief Analytics Officer or the Chief Data Officer. As supported by the dialog above, and my decades of experience, and if we are using probabilities to make a choice of where most organizations will start, the majority will start by hiring the Chief Data Officer.

The Chief Data Officer

Hiring a Chief Data Officer is seen by most as a choice that is safer, easier to understand, and easier to gain consensus around. This is a valid starting point, but as called out above, it is a decision and starting point that will begin the organizational journey by looking inward – inward at the data, technology, and processes that the company currently has...