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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 #2: Speak the Language of the Customer

Speaking the Language of the Customer ensures that everyone not only has the same customer-centricity focus but speak the same language that the customer uses (that is, avoids internal acronyms and buzzwords).

Establish a common language so that everyone uses the same words to describe the same goals, assets, and actions. To institutionalize the "language of the customer" in your organization, I recommend embracing the empowering and innovative discipline of Design Thinking.

Design Thinking is a customer-centric discipline that necessitates an open and collaborative mindset that leverages facilitated ideation techniques and tools to discover and validate unmet customer needs within the context and constraints of a specific customer problem or opportunity.

Design Thinking is a highly iterative yet scalable process that starts by:

  • Empathizing with the targeted customer's challenge.
  • Defining...
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