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The Economics of Data, Analytics, and Digital Transformation

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

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Product type Paperback
Published in Nov 2020
Publisher Packt
ISBN-13 9781800561410
Length 260 pages
Edition 1st Edition
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Author (1):
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Bill Schmarzo Bill Schmarzo
Author Profile Icon Bill Schmarzo
Bill Schmarzo
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Table of Contents (14) Chapters Close

Preface 1. The CEO Mandate: Become Value‑driven, Not Data-driven 2. Value Engineering: The Secret Sauce for Data Science Success FREE CHAPTER 3. A Review of Basic Economic Concepts 4. University of San Francisco Economic Value of Data Research Paper 5. The Economic Value of Data Theorems 6. The Economics of Artificial Intelligence 7. The Schmarzo Economic Digital Asset Valuation Theorem 8. The 8 Laws of Digital Transformation 9. Creating a Culture of Innovation Through Empowerment 10. Other Books You May Enjoy
11. Index
Appendix A: My Most Popular Economics of Data, Analytics, and Digital Transformation Infographics
1. Appendix B: The Economics of Data, Analytics, and Digital Transformation Cheat Sheet

Empowerment #5: Embrace Critical Thinking

Critical Thinking is the judicious and objective analysis, exploration, and evaluation of an issue or a subject to form a viable and justifiable judgment.

Teaching my university students to embrace critical thinking is crucial for creating our future business and civic leaders. Likewise, it is also crucial for achieving digital transformation. Here is what I expect of my students with respect to mastering critical thinking:

  1. Never accept the initial answer as the right answer. It's too easy to take the initial result and think that it's good enough. But good enough is usually not good enough, and one needs to invest the time and effort to explore if there is a better "good enough" answer.
  2. Be skeptical. Never accept someone's "statement of opinion" as "fact." Learn to question what you read or hear. It's very easy to accept at face value whatever someone tells you, but that...
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