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

Know before you go

Cultivating, assessing, and obtaining executive support starts even before you join the organization. When interviewing for a new role and when new executives subsequently join the organization who have a direct or indirect impact on your team size, funding, and future plans, you need to evaluate the executives and senior managers to understand their history, perspective, and experience with analytics teams.

I have heard executives express the following views:

  • We need to see significant changes resulting from the analytics teams in the primary operating functions in a matter of weeks.
  • The analytics team should be staffed and running efficiently by next quarter.
  • Our company has never been good at continual improvement; the analytics team will fix it.
  • Our company has never been good at innovation; the analytics team will change that.
  • We will have the advanced analytics and AI team build dashboards and reports in their "spare...