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

Enabling understanding

We, as analytics professionals, often know what needs to be done, but the analytics team either does not want to do the work, because they have plenty of other work to do, or they think that the results are obvious and the further decomposition is not needed to understand the deeper dynamics and the driving forces underlying the high-level results. In the majority of cases, the data scientists rationalize their reasons for not wanting to undertake the further decomposition work because they can already see and understand the dynamics without the further effort, but the business users – the sponsor, who has to explain the project, value, and the need for change to the executives, and the subject matter experts who have to support the sponsor and also implement the required changes – do not understand the core dynamics at a level where they can change the operations in a meaningful way that maximizes value realization for the business as a whole...