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The Economics of Data, Analytics, and Digital Transformation
The Economics of Data, Analytics, and Digital Transformation

The Economics of Data, Analytics, and Digital Transformation: The theorems, laws, and empowerments to guide your organization's digital transformation

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Key benefits

  • Master the Big Data Business Model Maturity Index methodology to transition to a value-driven organizational mindset
  • Acquire implementable knowledge on digital transformation through 8 practical laws
  • Explore the economics behind digital assets (data and analytics) that appreciate in value when constructed and deployed correctly

Description

In today’s digital era, every organization has data, but just possessing enormous amounts of data is not a sufficient market discriminator. The Economics of Data, Analytics, and Digital Transformation aims to provide actionable insights into the real market discriminators, including an organization’s data-fueled analytics products that inspire innovation, deliver insights, help make practical decisions, generate value, and produce mission success for the enterprise. The book begins by first building your mindset to be value-driven and introducing the Big Data Business Model Maturity Index, its maturity index phases, and how to navigate the index. You will explore value engineering, where you will learn how to identify key business initiatives, stakeholders, advanced analytics, data sources, and instrumentation strategies that are essential to data science success. The book will help you accelerate and optimize your company’s operations through AI and machine learning. By the end of the book, you will have the tools and techniques to drive your organization’s digital transformation. Here are a few words from Dr. Kirk Borne, Data Scientist and Executive Advisor at Booz Allen Hamilton, about the book: "Data analytics should first and foremost be about action and value. Consequently, the great value of this book is that it seeks to be actionable. It offers a dynamic progression of purpose-driven ignition points that you can act upon."

Who is this book for?

This book is designed to benefit everyone from students who aspire to study the economic fundamentals behind data and digital transformation to established business leaders and professionals who want to learn how to leverage data and analytics to accelerate their business careers.

What you will learn

  • Train your organization to transition from being data-driven to being value-driven
  • Navigate and master the big data business model maturity index
  • Learn a methodology for determining the economic value of your data and analytics
  • Understand how AI and machine learning can create analytics assets that appreciate in value the more that they are used
  • Become aware of digital transformation misconceptions and pitfalls
  • Create empowered and dynamic teams that fuel your organization's digital transformation

Product Details

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Publication date, Length, Edition, Language, ISBN-13
Publication date : Nov 30, 2020
Length: 3hrs 36mins
Edition : 1st
Language : English
ISBN-13 : 9781804613153
Category :
Concepts :

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Product Details

Publication date : Nov 30, 2020
Length: 3hrs 36mins
Edition : 1st
Language : English
ISBN-13 : 9781804613153
Category :
Concepts :

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Table of Contents

11 Chapters
The CEO Mandate: Become Value‑driven, Not Data-driven Chevron down icon Chevron up icon
Value Engineering: The Secret Sauce for Data Science Success Chevron down icon Chevron up icon
A Review of Basic Economic Concepts Chevron down icon Chevron up icon
University of San Francisco Economic Value of Data Research Paper Chevron down icon Chevron up icon
The Economic Value of Data Theorems Chevron down icon Chevron up icon
The Economics of Artificial Intelligence Chevron down icon Chevron up icon
The Schmarzo Economic Digital Asset Valuation Theorem Chevron down icon Chevron up icon
The 8 Laws of Digital Transformation Chevron down icon Chevron up icon
Creating a Culture of Innovation Through Empowerment Chevron down icon Chevron up icon
Other Books You May Enjoy Chevron down icon Chevron up icon
Index Chevron down icon Chevron up icon

Customer reviews

Top Reviews
Rating distribution
Full star icon Full star icon Full star icon Full star icon Half star icon 4.4
(22 Ratings)
5 star 68.2%
4 star 18.2%
3 star 4.5%
2 star 4.5%
1 star 4.5%
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N/A Mar 14, 2024
Full star icon Full star icon Full star icon Full star icon Full star icon 5
Feefo Verified review Feefo
Roy Adeyosoye Feb 07, 2024
Full star icon Full star icon Full star icon Full star icon Full star icon 5
A tour de force of the Digital Economy & Transformation!. A must for any serious practitioner or student.
Feefo Verified review Feefo
S. Burk Dec 13, 2020
Full star icon Full star icon Full star icon Full star icon Full star icon 5
While I have not gotten all the way through it I have gotten far enough to determine this is a great resource. I have learned many new things already and I know I will reference Bill in our next book coming out mid-2021. The chapters on Value Engineering the 8 Laws Digital Transformation are stellar. And the culture of innovation chapter, great stuff. I highly recommend this book, this tremendous effort.
Amazon Verified review Amazon
John Morley Dec 15, 2020
Full star icon Full star icon Full star icon Full star icon Full star icon 5
I've worked with Bill as a designer, exploring with him the techniques required for the successful adoption of Data Science strategy.Bill is unique in his ability to reach deep into years of understanding, expertise and practice in both economics and data science and combine with a passion for enabling both individuals and companies. Bill is a champion of people and businesses at the same time. As such, he understands the interplay of both and the dynamic framework of methods that allows for businesses to thrive and for people to grow, through the successful deployment of well thought out data science strategies - especially in volatile times.Most of all, Bill is a storyteller. This book is a tool to help navigate a world that requires continuous exploration, learning and adapting. As such, it's not just a book about the economics of data, analytics and digital transformation - it's also your personal coach for the future of work and for navigating the complexity of ever-changing times. It's chock full of tools and methods necessary to create compelling business cases for transformation and the wisdom that a life of championing people at all levels of an organization enables Bill to share.It simplifies a complex topic and provides a pathway for the successful adoption of data science and analytics. In so doing, it solves for the most challenging issue facing organizations who have yet to complete a competent transition to digital.
Amazon Verified review Amazon
Annette Au Dec 14, 2020
Full star icon Full star icon Full star icon Full star icon Full star icon 5
I’m a data analytics student eager to learn how to use data in the real world and this book is a great resource for students like myself!This book gives a perspective through an executive’s eyes. It breaks down how data can impact/change an organization by providing steps on how to uncover actionable insights, leveraging those insights for business optimization and monetization, and lastly how to truly achieve digital transformation.So far I finished about 60 pages of the book. Will be giving my complete review after I’m done finishing it :)
Amazon Verified review Amazon
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