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You're reading from  The Economics of Data, Analytics, and Digital Transformation

Product typeBook
Published inNov 2020
PublisherPackt
ISBN-139781800561410
Edition1st Edition
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Author (1)
Bill Schmarzo
Bill Schmarzo
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Bill Schmarzo

Bill Schmarzo, The Dean of Big Data is a University of San Francisco School of Management Executive Fellow and an Honorary Professor at the School of Business and Economics at the National University of Ireland-Galway where he teaches and mentors students in his courses “Big Data MBA” and “Thinking Like a Data Scientist". He is the author of Big Data: Understanding How Data Powers Big Business, Big Data MBA: Driving Business Strategies with Data Science, and The Art of Thinking Like a Data Scientist. He has written countless whitepapers, articles and blogs, and given keynote presentations and university lectures on the topics of data science, artificial intelligence/machine learning, data economics, design thinking and team empowerment.
Read more about Bill Schmarzo

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Summary

If "what" your organization seeks is to exploit the potential of data science to power your business models, then the Data Science Value Engineering Framework provides the "how" your organization can do it.

The Value Engineering Framework starts with the identification of a strategic business initiative that not only determines the sources of value but provides the framework for a laser-focus on delivering business value.

A diverse set of stakeholders is beneficial because they provide different perspectives on the key decisions upon which the data science effort seeks to optimize in support of the targeted business initiative.

The heart of the Data Science Value Engineering Framework is the collaboration with the different stakeholders to identify, validate, value, and prioritize the key decisions (use cases) that they need to make in support of the targeted business initiative.

After gaining a thorough understanding of the top priority use cases, the analytics, data, architecture, and technology decisions now have a value-centric framework within which to make those decisions (by understanding what's important AND what's not important).

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The Economics of Data, Analytics, and Digital Transformation
Published in: Nov 2020Publisher: PacktISBN-13: 9781800561410

Author (1)

author image
Bill Schmarzo

Bill Schmarzo, The Dean of Big Data is a University of San Francisco School of Management Executive Fellow and an Honorary Professor at the School of Business and Economics at the National University of Ireland-Galway where he teaches and mentors students in his courses “Big Data MBA” and “Thinking Like a Data Scientist". He is the author of Big Data: Understanding How Data Powers Big Business, Big Data MBA: Driving Business Strategies with Data Science, and The Art of Thinking Like a Data Scientist. He has written countless whitepapers, articles and blogs, and given keynote presentations and university lectures on the topics of data science, artificial intelligence/machine learning, data economics, design thinking and team empowerment.
Read more about Bill Schmarzo