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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

Team Empowerment History Lesson

In the 1805 Battle of Trafalgar, British Admiral Lord Nelson faced the superior forces of the combined French and Spanish naval Armada. The French and Spanish naval Armada was determined to clear a path for Napoleon to invade England, and only Lord Nelson stood in their way. Lord Nelson was badly outnumbered and outgunned, so he needed to reframe his battle strategy to overcome these debilitating disadvantages.

In 1805, the standard method of naval warfare involved ships lining up parallel to each other to maximize the effectiveness of their cannons. Naval battle in the "Age of Sail" was a simple game of math—firing cannonballs more quickly than your opponent was the best way to ensure victory. Yes, the Key Performance Indicator (KPI) for naval battle success could have been "shots per minute" based on the number of cannons and the crew's ability for rapid reloading.

Given his predicament, Lord Nelson decided...

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