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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

Case Study #2: Tesla Autonomous Vehicles

"If you buy a Tesla today, I believe you're buying an appreciating asset, not a depreciating asset."

– Elon Musk

Think about that statement for a second… you're buying an appreciating asset, not a depreciating asset. Wait, according to Generally Accepted Accounting Principles (GAAP), assets depreciate not appreciate. So, what is causing this asset to appreciate, not depreciate, in value? It's likely courtesy of Tesla's FSD AI-based Autopilot brain (a composable, reusable, continuously learning analytic module). Tesla cars become "smarter" and consequently more valuable with every mile that each of the 600,000+ FSD Autopilot-equipped Tesla cars are driven.

Elon Musk's statement that Tesla autonomous cars appreciate in value (that is, they become more valuable) is a result of the collective knowledge/wisdom/intelligence gleaned from the operational and driving data that is...

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