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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

Summary

If "what" your organization seeks is to exploit the potential of data science to power your business models, then the Data Science Value Engineering Framework provides the "how" your organization can do it.

The Value Engineering Framework starts with the identification of a strategic business initiative that not only determines the sources of value but provides the framework for a laser-focus on delivering business value.

A diverse set of stakeholders is beneficial because they provide different perspectives on the key decisions upon which the data science effort seeks to optimize in support of the targeted business initiative.

The heart of the Data Science Value Engineering Framework is the collaboration with the different stakeholders to identify, validate, value, and prioritize the key decisions (use cases) that they need to make in support of the targeted business initiative.

After gaining a thorough understanding of the top priority use cases, the analytics, data, architecture, and technology decisions now have a value-centric framework within which to make those decisions (by understanding what's important AND what's not important).

You have been reading a chapter from
The Economics of Data, Analytics, and Digital Transformation
Published in: Nov 2020
Publisher: Packt
ISBN-13: 9781800561410
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