Competing on Analytics: The New Science of Winning

Jeanne G. Harris , Thomas H Davenport

Physical

Available

Competing On Analytics: The New Science Of Winning, available in hardcover, is a book for those who want to learn the art of analytic thinking and use it to transform the basic data of a company into a competitive tool. This is very handy especially for those readers who have jobs in the corporate sector. It attempts to help them unleash the best of analytics.

This book mainly puts all its focus on the environment that revolves around business. It tries to tell the readers how data plays a very important role in a company these days. Apart from decision making, this book teaches how raw data can be used effectively as a competitive tool.

In Competing On Analytics: The New Science Of Winning, the author also describes the different methods used by organizations that show high performance. The various ways of building competitive strategies with insights got from analyzing data is explained.

Competing On Analytics: The New Science Of Winning, the first edition, was published on March 6, 2007. The authors have attempted to show the readers how simple it is to track the most profitable customers to get a great deal. It also talks about how product innovation can be accelerated and logistics can be regularized.

What will you learn from this book

  1. Analytics as a Competitive Advantage: The book highlights how companies can use analytics not just as a tool but as a strategic asset to gain a competitive edge in the market. It emphasizes that the ability to analyze data effectively can significantly impact business performance.

  2. Importance of Data Quality: The quality, accuracy, and reliability of data are crucial for deriving meaningful insights. The book underscores the necessity of investing in data quality measures to ensure the information used for analysis is accurate and reliable.

  3. Cultural Shift towards Data-Driven Decision-Making: Successful analytics-driven organizations foster a culture that values data and encourages decision-making based on data insights. It emphasizes creating a culture that embraces analytics at all levels of the organization.

  4. Building Analytical Capabilities: Developing and nurturing analytical capabilities among employees is essential. This includes hiring individuals with strong analytical skills, providing training, and establishing frameworks that encourage analytical thinking throughout the organization.

  5. Integration of Analytics into Business Strategy: Embedding analytics into an organization's overall business strategy is crucial. It's not just about collecting data but integrating insights derived from analytics into everyday decision-making processes.

  6. Different Levels of Analytical Maturity: The book discusses various stages of analytical maturity within organizations, ranging from basic reporting to predictive and prescriptive analytics. It emphasizes the need for companies to evolve towards more advanced analytics for competitive advantage.

  7. Balancing Art and Science: While analytics provides valuable insights, it's also crucial to balance quantitative analysis with qualitative judgment. The book stresses the importance of combining analytical rigor with managerial judgment and experience.

  8. Strategic Use of Data: Successful companies strategically use data to drive decision-making across various functions, including marketing, operations, finance, and HR. It emphasizes the application of analytics to various aspects of the business for maximum impact.

  9. Continuous Improvement: Analytics is an ongoing process that requires continuous improvement. The book highlights the need for organizations to continually refine their analytical processes, tools, and methodologies to stay competitive in a rapidly changing landscape.

  10. Ethical Considerations in Analytics: As data collection and analysis become more pervasive, the book emphasizes the importance of ethical considerations. Organizations must handle data responsibly, ensuring privacy, security, and transparency in their analytical practices.

Language English
ISBN-10 9781422103326
ISBN-13 9781422103326
No of pages 218
Font Size Medium
Book Publisher Harvard Business Review Press
Published Date 02 Jan 2007

About Author

Author : Jeanne G. Harris

NA

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