The Economics of Data, Analytics, and Digital Transformation: The theorems, laws, and empowerments to guide your organization’s digital transformation

Description

Preface What this book covers Get in touch The CEO Mandate: Become Value‑driven,Not Data-driven The Data- and Value-Driven Mindsets, Defined Understanding the Big Data Business Model Maturity Index Phases Navigating the Big Data Business Model Maturity Index Transitioning from Business Monitoring to Business Insights Transitioning from Business Insights to Business Optimization Transitioning from Business Optimization to Insights Monetization Transitioning from Insights Monetization to Digital Transformation Testing the Big Data Business Model Maturity Index Summary Further Reading Homework Value Engineering: The Secret Sauce for Data Science Success Step 1: Identify a Strategic Business Initiative Step 2: Identify Key Business Stakeholders Step 3: Brainstorm and Prioritize Decisions (Use Cases) Step 4: Identify Supporting Analytics Step 5: Identify Potential Data Sources and Instrumentation Strategy Step 6: Identify Supporting Architecture and Technologies Summary Homework A Review of Basic Economic Concepts The Economic Value Curve The Law of Supply and Demand The Economic Multiplier Effect Marginal Costs and Sunk Costs Scarcity Postponement Theory Efficiency Capital Price Elasticity The Economic Utility Function Summary Further Reading Homework University of San Francisco Economic Value of Data Research Paper Introduction Creating the Collaborative Value Creation Framework Chipotle Use Case Summary Citations The Economic Value of Data Theorems EvD Theorem #1: Data, By Itself, Provides Little Value EvD Theorem #2: Predictions, Not Data, Drive Value EvD Theorem #3: Predictions Drive Value Through Use Cases EvD Theorem #4: The Data Economic Multiplier Effect is the Real Game-changer EvD Theorem #5: Predictions Enable "Do More with Less" The Economic Value of Data Calculation Summary Further Reading Homework The Economics of Artificial Intelligence Orphaned Analytics Role of Analytic Modules Composable, Reusable, Continuously Learning Analytic Module Architecture A Quick Primer on Deep Learning, Reinforcement Learning, and Artificial Intelligence Case Study #1: Google TensorFlow Case Study #2: Tesla Autonomous Vehicles The Autonomous Holy Grail of AI Summary Further Reading Homework The Schmarzo Economic Digital Asset Valuation Theorem The Economies of Scale The Economies of Learning Digital Economics Effect #1: Marginal Costs Flatten Digital Economics Effect #2: Economic Value of Digital Assets Grows Digital Economics Effect #3: Economic Value of Digital Assets Accelerates Implementing the Schmarzo Economic Digital Asset Valuation Theorem Summary Further Reading Homework The 8 Laws of Digital Transformation DX Law #1: It's About Business Models, Not Just Business Processes DX Law #2: It's About Digital Transformation, Not Digitalization DX Law #3: It's About Speaking the Language of Your Customers DX Law #4: It's About Creating New Digital Assets DX Law #5: It's About Transitioning from Predicting to Prescribing to Autonomous DX Law #6: It's About AI-driven Autonomous Operations and Policies DX Law #7: It's About Identifying, Codifying, and Operationalizing Sources of Value DX Law #8: It's About the 3 Horizons of Digital Transformation Summary Further Reading Homework Creating a Culture of Innovation Through Empowerment Team Empowerment History Lesson Empowerment #1: Internalize the Organization's Mission Empowerment #2: Speak the Language of the Customer Empowerment #3: Empowering Teams Through Organizational Improvisation Empowerment #4: Embrace an "AND" Mentality Empowerment #5: Embrace Critical Thinking Summary Further Reading Homework Appendix A: My Most Popular Economics of Data, Analytics, and Digital Transformation Infographics Appendix B: The Economics of Data, Analytics, and Digital Transformation Cheat Sheet Chapter 1: The CEO Mandate: Become Value-driven, Not Data-driven Chapter 2: Value Engineering: The Secret Sauce for Data Science Success Chapter 3: A Review of Basic Economic Concepts Chapter 4: University of San Francisco Economic Value of Data Research Paper Chapter 5: The Economic Value of Data Theorems Chapter 6: The Economics of Artificial Intelligence Chapter 7: The Schmarzo Economic Digital Asset Valuation Theorem Chapter 8: The 8 Laws of Digital Transformation Chapter 9: Creating a Culture of Innovation Through Empowerment Other Books You May Enjoy Index