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

Daily operations

Managing the daily operations of the analytics team can be done in a manner that increases your probability of success. In the next four subsections, we will examine how to set up the focus and cadence of the analytical team's daily work to ensure that they are engaged in the right type of work and are delivering in a manner that optimizes their productivity and the visibility of the work to the relevant executives, senior managers, and subject matter experts across the organization.

Quick wins

Everyone agrees that quick wins are good. Everyone wants to get off to a fast start and to deliver value and positive results as soon as possible, right? Not a trick question, the answer is yes. Yes, in all cases.

But you need to ensure that you and the executives you are conferring with are on the same page and have the same expectations. I was fortunate enough to be assigned to live in the UK early in my career. I lived in London and worked in the London...