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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 9: Creating a Culture of Innovation Through Empowerment

  • Ambiguity—the quality of being open to more than one interpretation—is the key to human, society and organizational evolution.
  • Empowering your teams at the front line of customer engagement and operational execution will have more impact on the organization's digital transformation success than the strategizing and pontificating of senior management.
  • Empowerment #1: Gaining buy-in to the organization's Mission Statement requires everyone to internalize what that mission statement means to them, their jobs, and their personal principles.
  • Empowerment #2: Speaking the Language of the Customer ensures that everyone not only has the same customer-centricity focus but is speaking the same language that the customer uses.
  • Empowerment #3: Organizational Improvisation yields flexible and malleable teams that can maintain operational integrity while morphing the team's...
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