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

How many of us are out there?

One of the realities of advanced analytics and AI is that, at the current time, conversations in the business press, popular press, in governments at the cabinet and ministerial levels, in universities, in think tanks, in venture capital firms, in private equity firms, and in the minds of nearly everyone that is interested are focused on the changes that advanced analytics will bring to our businesses and societies.

The interest in advanced analytics and AI has never been higher and has never been discussed on such a wide platform with so many diverse sets of people.

The number of people who truly understand the multiple factors that need to come together in a specific way to deliver positive operational improvements from analytics is a very small number.

I have been part of several large and small companies. In one of the larger firms, with over 26,000 employees, there was approximately a third of 1% of the entire staff around the world...