Create a complete roadmap for capitalizing on analytics to grow topline revenue and build shareholder value in your unique organization! Modern Analytics Methodologies goes far beyond the classic Analytics Maturity Model to help you overcome the gaps between your current analytics capabilities and where you need to go. Pioneering analytics experts Michele Chambers and Thomas Dinsmore help you implement analytics that supports your strategy, aligns with your culture, and serves your customers and stakeholders.
Drawing on work with dozens of leading enterprises, Michele Chambers and Thomas Dinsmore describe high-value applications from many industries, and help you systematically identify and deliver on your company's best opportunities. Writing for both professionals and students, they show how to:
- Leverage the convergence of macro trends ranging from "flattening" and "green" to Big Data and machine learning
- Go beyond the Analytics Maturity Model: power your unique business strategy with an equally focused analytics strategy
- Link key business objectives with core characteristics of your organization, value chain, and stakeholders
- Take advantage of game changing opportunities before competitors do
- Effectively integrate the managerial and operational aspects of analytics
- Measure performance with dashboards, scorecards, visualization, simulation, and more
- Prioritize and score prospective analytics projects
- Identify "Quick Wins" you can implement while you're planning for the long-term
- Build an effective Analytic Program Office to make your roadmap persistent
- Update and revise your roadmap for new needs and technologies
Modern Analytics Methodologies will be an indispensable resource for any executive or professional concerned with analytics, including Chief Analytics Officers; Chief Data Officers; Chief Scientists; Chief Marketing Officers; Chief Risk Officers; Chief Strategy Officers; VPs of Analytics or Big Data; data scientists; business strategists; and line-of-business executives.
From the Back Cover
Analytics has moved from dusty back offices to the C-suite, from legacy technologies to open source tools and commodity hardware. But if you want value, technology and hype aren’t enough. You need new methodologies that reflect today’s principles of success and link intimately with business strategy.
Michele Chambers and Thomas Dinsmore show how to go beyond “ivory tower” methodologies and systematically refocus analytics on delivering rapid results in production.
They present inspiring case studies of practitioners who are revolutionizing analytics, with specific actionable lessons for your business. You’ll discover how these pioneers are applying analytics to their most entrenched problems and overcoming obstacles that once seemed insurmountable.
Building on these examples, the authors introduce a comprehensive framework for using analytics to unleash hidden value in your business—immediately and for years to come. That’s the promise of analytics—and whether you’re an executive, strategist, marketer, or data scientist, this book will help you achieve it.
Execute Today’s 9 Core Principles of Analytics Success
• Deliver Business Value and Impact
• Focus on the Last Mile
• Leverage Kaizen
• Accelerate Learning and Execution
• Differentiate Your Analytics
• Embed Analytics
• Establish Modern Analytics Architecture
• Build on Human Factors
• Capitalize on Consumerization
MAXIMIZE THE VALUE OF ANALYTICS IN YOUR UNIQUE ORGANIZATION
• Refocus analytics on tangible business value
• Score quick wins… and capture game-changing opportunities
• Harmonize analytics with your business strategy, goals, and culture
• For every executive, strategist, marketer, and data professional concerned with analytics
Most businesses capture a small fraction of the value analytics could create. This book will help you capture far more of it—starting now.
Analytics pioneers Michele Chambers and Thomas Dinsmore reveal nine modern principles for analytics success, show you how to apply them, and help you harmonize them with core business goals. With their guidance, you’ll customize a focused analytical roadmap fully aligned with your strategy, culture, customers, and stakeholders.
Chambers and Dinsmore will help you refocus analytics on speed, urgency, and real results in production. You’ll discover great ways to gain “quick wins” you can build on. Then, you’ll learn how to use the full breadth and combination of available analytics to drive truly game-changing value.
About the Author
Michele Chambers is the Vice President of Marketing for MemSQL. Prior to this, she served as Chief Strategy Officer and Vice President of Product Management & Marketing for Revolution Analytics, General Manager and Vice President for IBM Big Data Analytics, and General Manager and Vice President for Netezza Analytics. In these roles, Michele has worked with hundreds of customers to help them understand how to use analytics and technology to achieve high-impact business value.
Thomas W. Dinsmore is the Director of Product Management for Revolution Analytics. Previously, he served as an Analytics Solution Architect for IBM Big Data, SAS Consulting, and PricewaterhouseCoopers. Thomas has helped more than 500 enterprises around the world use analytics more effectively. He uniquely combines hands-on skill in predictive analytics with business, organization, and technology experience.
Most helpful customer reviews
2 of 2 people found the following review helpful.
A thorough and pragmatically useful primer on "Big Analytics"
By Mick McWilliams, PhD
This book combines a very effective grounding in the needed technical knowledge with a wealth of pragmatic perspective on the relevant business issues and organizational challenges. Chambers and Dinsmore write from a perspective that is both thorough and realistic. The book provides an excellent road map for anyone embarking on the challenge of bringing effective, results-driven analytics practices to a complex business organization.
1 of 1 people found the following review helpful.
See all 2 customer reviews...
Practical Guidance on the Successful Application of Analytics
By Henry Morris
The toughest things for users and managers to figure out is how to build a roadmap and how to decide what approach to take for a particular problem and how to set up an organization that works. This book addresses these points in an intelligent and useful way. Analytics is becoming more diverse all the time – more diverse types of data, more diverse techniques and algorithms and more diverse applications.
I established the analytics practice at IDC around the theme of analytic applications, back in 1997. The emphasis on analytic applications here resonated with me and should be of great value to readers. in a fast changing field, Michele Chambers and Thomas Dinsmore have covered many of the important new tools and approaches in a book that will turn out to be very useful to practitioners and to managers.