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
Other Books You May Enjoy
13
Index

Selling a project – vision, value, or both?

As we have discussed, executives have a number of options to choose from when deciding where to spend the money of the company. Analytics projects, the analytics team, and the support for the overall analytics effort needs to be funded and supported.

What is the best path and method for selling the value of an analytics process and all the projects that are included in the total program to the executive level? My suggestion is that you sell the entire process and program and lay out the various major projects/phases that will be executed over time.

Executives are looking for impact from investments. It is best to start with the most expansive impact and headline possible. If you are proposing to transform a corporate function, like the supply chain, start with the broadest view that you can apply analytics to. The good thing for us is that you can apply analytics to all aspects of the supply chain, just as you can to...