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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

Chapter 7: The Schmarzo Economic Digital Asset Valuation Theorem

  • "Economies of Learning" are more powerful than "Economies of Scale".
  • A use case-by-use case deployment approach exploits the "Economies of Learning" through the rapid learning and reapplication of those learnings to future use cases.
  • The Schmarzo Economic Digital Asset Valuation Theorem leverages the unique economic characteristics of data and analytics to increase organizational value via three "effects".
  • Digital Economics Effect #1: Since data never depletes, never wears out, and can be reused against an unlimited number of use cases at near-zero marginal cost, reusing "curated" data and analytic modules reduce the marginal costs of new use cases.
  • Data silos are the killers of the economic value of data.
  • Digital Economics Effect #2: Sharing and reusing the data and analytic modules accelerate use case time-to-value and de-risks...
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