Winning with Data

Winning with Data
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Bien Frank. Winning with Data

Introduction

Chapter 1. Mad Men to Math Men: The Power of the Data-Driven Culture

Operationalizing Data: Uber's Competitive Weapon

The Era of Instant Data: You Better Get Yourself Together

Data Supply Chains: Buckling Under the Load

Management by Opinion: The Illusion of Knowledge

Our Vantage Points

Chapter 2. Four Problems with Data Today: Breadlines, Obscurity, Fragmentation, and Brawls

Data Breadlines for the Data-Poor

Data Obscurity: The Failure of the Card Catalog

Rogue Databases and Analysts: The Data Fragmentation Problem

Data Brawls: When Miscommunication Devolves into Arguments

Chapter 3. Business Intelligence: How We Got Here

Business Intelligence Is Born: The First Query

Databases for the Masses: Oracle Commercializes Codd's Invention

Legacy BI: A Three-Layer Cake

Google's Answer to Huge Data: Vanilla Boxes

600 Petabytes per Day: HiPal at Facebook

Extreme Data Collection: The New Normal

Looker: Weaving the Data Fabric

Chapter 4. Achieving Data Enlightenment: Gathering Data in the Morning and Changing Your Business's Operations in the Afternoon

Not Just Another Person with an Opinion

Aligning Sales Teams in Real Time

Scaling Sales Teams with Data

Determining Customer Satisfaction at Every Point in the Buyer Journey

The Rosetta Stone: Developing a Shared Data Language

The One Equation That Defines the Business

Brutal Intellectual Honesty: Speaking Data to Power

Putting Pride in Its Place: How Data Transforms Cultures

Chapter 5. Five Steps to Creating a Data-Driven Company – From Recruiting to Regression, It All Starts with Curiosity: Changing the Culture

It All Starts with Curiosity

Why You Should Stop Listening to Your Boss

How to Recruit Curious People

Chapter 6. From Hacks to Harmony: The Typical Progression of Data-Driven Companies

Step 1: Ask Your Friend, the Engineer

Step 2: Bastardize an Existing Solution

Step 3: Access Raw Data

The Crux of the Problem

Bring Your Own BI: The Five Letters That Will Change the Data World

The Power of a Unified Data-Modeling Layer

The Final Step: A Data Fabric

Chapter 7. Data Literacy and Empowerment: The Core Responsibilities of the Data Team

The Illusion of Validity: How to Avoid Data Biases

Correlation versus Causation

How Facebook and Zendesk Engender Data Literacy

Walking the Data Gemba: Training by Walking Around

Chapter 8. Deeper Analyses: Asking the Right Questions

When Data Confounds Our Intuition: How to Handle Ambiguity

Data Is Useless Unless You Can Act On It

Defining New Opportunities by Creating New Metrics That Matter

The Fastest Growing Media Site of All Time

How to Run a Data-Backed Experiment: Step by Step

Chapter 9. Changing the Way We Operate

Change Begins with a Story

Deliver Data with Panache: Structuring Presentations to Inspire

Chapter 10. Putting It All Together

Acknowledgments

Appendix. Revenue Metrics

Business Revenue Metrics

Engagement Metrics

Distribution Metrics

Index

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Silicon Valley owes its existence to a Frenchman living in Boston. Born in France in 1899, Georges Doriot graduated from the University of Paris in 1920 and matriculated at the Harvard Business School in 1921. Four years after graduation, he became the assistant dean and associate professor of industrial management at Harvard.1 Five years later, he would be promoted to full professor, in large part due to his beloved manufacturing course that graduated more than 7,000 students during his tenure through 1966. The year-long course tested the general management skills of second-year MBA students, and the final reports of students often exceeded 600 pages.2 In Creative Capital, Doriot biographer Spencer E. Ante summarized his interviews of former Doriot students:

A sinewy 5 feet 10 inches tall, with incisive blue eyes, a thin mustache, and a penchant for fine tobacco to stuff his iconic pipe, Doriot was highly decorated by the U.S. military. In 1940, he became a U.S. citizen to assume a military post created for him by a former student, Major General Edmund Gregory. Appointed lieutenant colonel and chief of the Military Planning Division, Doriot managed all the procurement for the U.S. Army, from trucks to uniforms to rations.

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Over the spumante, my wife asked which topics garnered the most interest. I didn't know the answer. So, I began to study the factors that attracted readers: title length, the number of subheadings, the presence of images, voice and tone, time of day to publish, and many others. I learned quite a bit.

I have 48 seconds with a reader. No pretty images, no witty title, no amount of social media validation from influencers will entice the reader to linger. Tweets sent at 8:54 to 8:59 a.m. Pacific Time generate 25 percent more views than those sent a few minutes after 9 a.m. But e-mail subscribers prefer to read content around 10 a.m., a nice midmorning break. Would e-mail readers like to read posts after lunch?, I wondered. A two-week experiment showed they most certainly did not! Open rates fell in half.

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