Get Keeping Up with the Quants: Your Guide to Understanding and PDF

By Thomas H. Davenport

ISBN-10: 142218725X

ISBN-13: 9781422187258

Why all people wishes Analytical Skills

Welcome to the age of knowledge. irrespective of your pursuits (sports, videos, politics), your (finance, advertising, expertise, manufacturing), or the kind of association you're employed for (big corporation, nonprofit, small start-up)—your global is awash with data.

As a winning supervisor at the present time, you want to be capable of make feel of all this knowledge. you have to be conversant with analytical terminology and strategies and ready to paintings with quantitative info. This publication provides to develop into your “quantitative literacy" guide—helping you boost the analytical talents you wish right away to be able to summarize information, locate the that means in it, and extract its value.

In Keeping Up with the Quants, authors, professors, and analytics specialists Thomas Davenport and Jinho Kim provide sensible instruments to enhance your figuring out of knowledge analytics and increase your pondering and choice making. You’ll achieve an important talents, including:

• easy methods to formulate a hypothesis
• tips on how to assemble and study correct data
• the way to interpret and converse analytical results
• the best way to advance conduct of quantitative thinking
• find out how to deal successfully with the “quants” on your organization

Big info and the analytics in accordance with it promise to alter almost each and company functionality over the subsequent decade. in the event you don’t have a enterprise measure or for those who aren’t happy with data and quantitative tools, this publication is for you. Keeping Up with the Quants provide you with the talents you want to grasp this new challenge—and achieve an important aggressive edge.

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Extra resources for Keeping Up with the Quants: Your Guide to Understanding and Using Analytics

Example text

If we also asked what products they liked, we could then determine whether men like certain products more than women, or whether certain products are more likely to be liked by younger people. Surveys are popular and relatively easy to carry out. However, we have to remember that the results and stories based on them can vary considerably based on how questions are asked and how they vary (or not) over time. For example, the US Census has worked for literally decades on questions about the race of US citizens.

Are they likely to be persuaded to do something even if the analysis is bulletproof? Stakeholder Analysis Worksheet If you can’t answer most of these questions with a “yes,” your project may be in trouble from the beginning: Is it clear what executives have a stake in the success of your quantitative analysis project? Have they been briefed on the problem and the outlines of the solution? Do they have the ability to provide the necessary resources and to bring about the business changes needed to make the project successful?

A fully analyzed human genome is about 1 terabyte of data. A wireless sensor that assesses a single cow’s health transmits 200 megabytes of data per year. In 2008 the number of Internet-connected devices passed the number of people on the earth. Cisco Systems estimated that at the end of 2011, twenty typical households generated more Internet traffic than all Internet users did in 2008. McKinsey & Company estimates that, in almost every sector of the US economy, companies with more than one thousand employees store, on average, more information than the Library of Congress does.

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Keeping Up with the Quants: Your Guide to Understanding and Using Analytics by Thomas H. Davenport

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