Analytics at Work: Smarter Decisions, Better Results

Analytics at Work: Smarter Decisions, Better Results by Thomas Davenport, Jeanne Harris, and Robert Morrison (list price: $29.95; 2010 Harvard Business School Publishing).

Analytics at Work is billed as a how to guide for managers to "effectively deploy analytics in their day-to-day" operations (from the inside cover). Though I enjoyed the book, I don't believe that a reasonable person could say that it lives up to the promise. Instead, Davenport and his co-authors provide a very general framework that lacks the advertised day-to-day details required for deployment.

I found the book to be interesting and quite useful from a "oh, I hadn't thought of that..." perspective. However, I'm not sure that there is much original material here beyond the general framework -- most of which was presented in an earlier work by the same authors. Though I wouldn't recommend this book for serious analytic how-to, it would be a good read for someone seeking a general overview of the topic in a reasonably non-technical format.

For me, the measure of a book's contribution to my understanding of a topic is the number of marginal notes I make as I read. In this particular volume, I didn't make many marginal notes. I'm still very much of fan of Thomas Davenport; the quality of his thought on the topic of business analytics is top notch. Analytics at Work is still worth a quick read, especially if this is your first exposure to Davenport's framework for business analytics.

Comments

Post a Comment

Popular posts from this blog

Society of Professional Hispanic Engineers Lean Six Sigma Workshop

Image
We took a different approach to Lean Six Sigma training for the Society of Hispanic Engineers Eastern Leadership Technical Conference in San Juan, Puerto Rico on February 24, 2012. We did three things that were just a little bit different from our normal approach: 1. We adapted the Navy's Lean Six Sigma curriculum to offer it in a workshop format. The hands-on nature of the workshop format aligned well with the typical curriculum already, but we had to make some adjustments for the space and time constraints of a conference workshop. 2. We simplified the process simulation just a little bit to minimize the materials requirements. We put together a meaningful simulation experience using only a single piece of paper. It made it a lot easier to travel with the materials. 3. We increased the enrollment cap from 20 seats to 60. The 20 seat limit was originally set to make the instruction highly interactive. To maintain the interactivity, we incorporated more co-facilitators for th
Read more

Priming the Project Pump: Lean Six Sigma on a Shoestring

When I teach lean six sigma tools and techniques, I always emphasize the importance of application. Withouth projects that produce results, lean six sigma is only another empty training program about solving problems. Regardless of what I say or do during training, the transition from student to practitioner is sometimes slow. The slowness of the student-to-pracitioner transition is partly due to my unique organizational circumstances. I am building on the ruins of a previous lean six sigma deployment. The earlier deployment team had built infrastructure to the point of critical mass; the project pipeline was flowing and beginning to produce real operational results. Then leadership changed and the effort was abruptly cancelled -- existing project teams were disbanded. The re-deployment investment for the current effort consists of one half-time black belt (me) and a small office supply budget. With those resources, I am deploying lean six sigma to a nation-wide enterprise of a few tho
Read more

Key Performance Indicators in a Nutshell

Image
KPI Definition Key Performance Indicators (KPI's) are measured evidence that desired business results are being achieved. KPI's are feedback about how the business is performing. KPI's are essentially metrics linked in a meaningful way to an important business objective. These are the "critical few" measures that you need to know to get the job done. Goals define the end results we hope to achieve, and KPI's define the measurements used to monitor progress toward goal attainment. As a general rule, if you will not make business decisions based on a measure, then that measure is not a KPI. Purpose of KPI's When structured to reflect business strategy, KPI's provide business owners with answers to important business questions, help managers understand how their organizations are performing in relation to their strategic goals, and provide an indicator to determine whether performance is on track. The term KPI tends to be misunderstood and
Read more