The insight you need to compete and win with self-service analytics
We're living through an age of accelerating disruption, and that means organizations of every shape and size are under intense pressure to create value. That's where analytics comes in.
Ended
"The use of data is defining new business models, disrupting industries and creating valuable experiences for consumers. While the outcomes can be transformative, the journey requires more than technical proficiency. Think Fast! can position your organization’s operating model to scale its analytic driven transformation and compete against the next generation of disrupters."
Paul Hlivko
VP & CTO at Wellmark Blue Cross Blue Shield
“This book is the go-to bible in demystifying data analytics. I left reading this book with concrete, distinguishable takeaways in implementing a comprehensive BI environment for my clients’ businesses. It is an easy read for even the busiest IT executive.“
Robert Stein
Executive Director, Institute for Entrepreneurial Excellence at the University of Pittsburgh
"The technical skills needed to extract actionable insights from massive amounts of data are only one dimension to the analytics puzzle. In an increasingly competitive world where data science and analytics are being utilized across industries and platforms, Steffine re-introduces us to the peripheral skills that set apart the winners from the losers. Buy-in from the line of business, agility in development, making sure you meet the needs of the client (internal or external) are all key components that decide the success of a given analytics project, and this author does a fantastic job of identifying each component in the process. Think Fast! is an essential sidekick for any analytics professional looking to gain an edge above and beyond the tech stack."
Amir Biagi
Director of Data Science, AF Group
"Think Fast! sets early expectations - and more crucially, stays true to them throughout – as an eminently-practical, conventional wisdom-challenging guide through the complexities and ever-shifting landscape of self-service analytics. Greg and his “Perspectives from the Pros” colleagues cut to the core issues and tear down supposed “truisms” found in many other analytics books that simply don’t hold up to the realities of modern business. Particularly valuable to data-driven practitioners will be Think Fast’s recognition of the people elements of the analytics equation, the oft-unrecognized linkage point between data and execution, as well as its well-integrated advice about the service models that make analytics sustainable and with optimized impact. Throughout the book, the context for analytics execution is never disconnected from the technical details of data science work. Technology receives a balanced treatment, with foundational definitions of key data concepts (including very timely themes of data privacy) reviewed, yet adeptly avoiding the trap of recommending technology that isn’t firmly grounded in business purpose and company culture."
Evan Sinar, Ph.D.
Chief Scientist and Vice President, DDI
"Data is one of our most valuable assets, and self-service analytics can quickly get data into the hands of the people that can gain the most value from it. Think Fast! is a quick read that provides a lot of value on all aspects of what is needed for a successful self-service analytics ecosystem. I fully expect I will be referring to it often with my team."
Lisa Gardner
Data Analytics Architect
"In a new data world where even business executives are able to do their own analysis from complex company data, this book provides insight into all aspects of the people, processes, enabling technologies, and data and does so in a meaningful, easy to read format. Business intelligence professionals and partners are encouraged to rely on Think Fast! to help guide them to create higher value-driven programs using self-service analytics."
Alan Aguais
Global Program Manager, eBay, Inc.
"Think Fast! functions as a great self-service analytics primer for anyone — whether you are simply curious, tangentially involved, or responsible for creating and/or executing an enterprise strategy and looking for how to and how not to guidance."
Ian Gordon
Senior Vice President Operations, Regence Insurance Holding Company
"We have entered an era where immediacy is quickly becoming table stakes, technology is re-inventing industries and every company will be judged against the capabilities of all companies. Steffine's Think Fast! is a resource for leaders looking for best practices based on collective experiences and observations as to why organizations will succeed or fail in delivering meaningful insights that drive value and why it matters in this era of disruption."
Laura Gorry
Healthcare Executive, IBM Global Markets
“Think Fast! provides powerful guidelines that help IT eliminate the barriers that often hinder business analysts from achieving real results from data."
Andrew P. Hornyak
Sr. Business Intelligence Developer, University of Pittsburgh
"We all know how important deriving timely and actionable intelligence from data is for the success of any organization. Think Fast! introduces you to a simple but powerful business intelligence tool--self service analytics--that does the job magnificently. The book helps you to think through all the critical nodes in its implementation to ensure its successful adoption at any organization."
Amit Marwah
Finance, Analytics and Risk Management Leader - Technology and Financial Services Industries
"At a time when analytics buzzwords and innovations are utilized regularly without thorough understanding of the concepts, Think Fast! helps leaders decipher the fundamentals of analytics with a simple approach to generating, evaluating, implementing, and maintaining sound strategies and offerings into varied organizations. This book navigates through the essentials to understanding data, provides a simplified mechanism to creating an analytics culture, and shares the principles for integrating analytics processes and tools. Steffine delivers insightful knowledge in an easy to read narrative while the inputs from experienced pros add relevant expertise and useful insights. Now more than ever, leaders need to leverage knowledgeable data and reliable business intelligence to ensure sound decision-making for staying current and successful. An excellent resource to keep on hand, Think Fast! will help any leader be more effective in their analytics endeavors."
Era Prakash
Product Leadership and Strategy Consultant
"Think Fast! presents invaluable insight into delivering effective analytics capability to the end user. I’m using Greg's methods and suggestions on my next BI project."
John Zeiner
Manager Risk Analytics and Payment Innovation, Gateway Health
"Think Fast! is an insightful must-read for any BI Professional trying to define and lead an agile analytics organization. It provides a well-balanced and clear perspective on self-service analytics. This is especially relevant in today's world where the nature and volume of data being produced from various sources can provide fresh insights and value to the organization."
Arun Raju
VP Enterprise Architecture - Global Corporate Platforms, Equifax
"In my experience with the world's leading companies, I've found that the key differentiators for building best-in-class products and services are a commitment to design thinking and an adherence to business intelligence best practices. Greg Steffine delivers a primer on the latter in Think Fast! Powerful, thoughtful and engaging, this edition will hold a place on my office bookshelf for years to come--right next to Hyper!"
Dan Grace
SVP and Director - Innovation Product Management, Bank of America
"More important than ever are fast available insights from firm’s data. And fast means users can create results quickly with minimal intervention of the IT department based on a self-service driven approach. This approach allows users to explore data by themselves and create value by analyzing data quickly. Think Fast! delivers an easy to understand approach with different perspectives to help you be successful with self-service analytics. This book guides BI professionals and managers to improve their existing environments to create analytical results fast(er)."
Dr. Tobias S. Witte
President & Founder of Wittbix LLC, Business Intelligence Executive
Every organization today is under intense pressure to create value. In fact, the digital revolution is fundamentally changing the world as we know it--from how consumers interact and behave to how business gets done. And it's forcing organizations to transform the way they work. That's why business leaders consistently turn to analytics. They need actionable insight to innovate, differentiate, and compete. But it's no longer enough to simply sell more, spend less, and work smarter. Business has to do it with unprecedented speed and agility. Business leaders need to think fast!
In this sequel to his award-winning book, Hyper: Changing the way you think about, plan, and execute business intelligence for real results, real fast!, Greg teams-up with other experienced pros to deliver an essential, quick-read guide on the most important aspects of people, process, technology, and data you need to think about in order to deliver real value. Packed with pragmatic advice from years of hands-on field work, Think Fast! provides the insight you need to compete and win with self-service analytics.
The abstract cover design is intended to reflect the many facets and nuances of self-service analytics that make its design, implementation, and support a challenging proposition for most every organization.
This section provides an overview of analytics, presents a foundational understanding of self-service, and covers its value-creation objective.
INSIGHT 1 - VALUE ATTAINMENT
INSIGHT 2 - AGILE BI
INSIGHT 3 - DEFINING ANALYTICS
INSIGHT 4 - DESCRIBING SELF-SERVICE
People represent an organization’s greatest source of competitive advantage. In Section II, the author covers organizational alignment, the importance of collaboration, and discuss the team make-up you need to be successful with self-service analytics.
INSIGHT 5 - ORGANIZATIONAL ALIGNMENT
INSIGHT 6 - THE ORGANIZATIONAL MODEL
INSIGHT 7 - THE IMPORTANCE OF COLLABORATION
INSIGHT 8 - THE RIGHT TEAM
INSIGHT 9 - THE RIGHT SUPPORT
This section focuses on setting priorities, balancing risk and reward, ways to sell your vision, and the importance of controlling the chaos that can often result from self-service.
INSIGHT 10 - SETTING PRIORITIES
INSIGHT 11 - BALANCING RISK AND REWARD
INSIGHT 12 - BUILDING REQUIREMENTS THAT WORK
INSIGHT 13 - EVALUATE AND EVOLVE
INSIGHT 14 - SELL THE VISION
INSIGHT 15 - CONTROL THE CHAOS
Technology plays an important role in making self-service analytics work. In this section, Greg and his contributors discuss the right architecture, the place for big data, and the crowded and often confusing analytics landscape.
INSIGHT 16 - THE ROLE OF TECHNOLOGY
INSIGHT 17 - THE SELF-SERVICE ARCHITECTURE
INSIGHT 18 - THE PLACE FOR BIG DATA
INSIGHT 19 - THE CONFUSING ANALYTICS LANDSCAPE
Self-service analytics would not exist without data. In Section V the author helps you understand some of the important nuances of data including how to prepare it, the science behind it, and critical privacy concerns.
INSIGHT 20 - UNDERSTANDING DATA
INSIGHT 21 - PREPARING DATA
INSIGHT 22 - DATA ON THE EDGE
INSIGHT 23 - UNDERSTANDING DATA SCIENCE
INSIGHT 24 - DATA PRIVACY
In Section VI, Greg leaves you with some closing thoughts on effective planning and execution and the importance of a mindset that embraces change.
INSIGHT 25 - PLANNING AND EXECUTION
INSIGHT 26 - CHANGE IS INEVITABLE
Global revenue in the business intelligence (BI) and analytics software market is forecast to reach $18.3 billion in 2017, an increase of 7.3 percent from 2016, according to the latest forecast from Gartner, Inc. By the end of 2020, the market is forecast to grow to $22.8 billion.
According to DrivenBI, the Self-Service Analytics Market is expected to reach at market size of USD 10 billion with CAGR of 20% from 2016 to 2022.
According to Zion Market Research, the global business intelligence market accounted for USD 16.33 billion in 2015 and is expected to reach USD 26.50 billion by 2021, growing at a CAGR of around 8.4% between 2016 and 2021.
Organizations are embracing self-service analytics and business intelligence (BI) to bring these capabilities to business users of all levels. This trend is so pronounced that Gartner, Inc. predicts that by 2019, the analytics output of business users with self-service capabilities will surpass that of professional data scientists. "The trend of digitalization is driving demand for analytics across all areas of modern business and government," said Carlie J. Idoine, research director at Gartner. "Rapid advancements in artificial intelligence, Internet of Things and SaaS (cloud) analytics and BI platforms are making it easier and more cost-effective than ever before for nonspecialists to perform effective analysis and better inform their decision making." Gartner's recent survey of more than 3,000 CIOs shows that CIOs ranked analytics and BI as the top differentiating technology for their organizations. It attracts the most new investment and is also considered the most strategic technology area by top-performing CIOs. As a result, data and analytics leaders are increasingly implementing self-service capabilities to create a data-driven culture throughout their organization. This means that business users can more easily learn to use and benefit from effective analytics and BI tools, driving favorable business outcomes in the process.
Bain surveyed executives at over 400 companies ($1 billion and up) to produce its report entitled "The Value of Big Data: How Analytics Differentiates Winners." Bain’s research concluded "companies who use analytics the best are 2x more likely to have top quartile financial performance. [However], we found that only 4% of companies are really good at analytics, an elite group that puts into play the right people, tools, data and intentional focus.”
MIT surveyed over 3,000 executive managers (around the world and across all sectors) to produce its report entitled “Big Data, Analytics and the Path From Insights to Value." They also surveyed leading researchers. MIT’s research concluded that "Top performers view analytics as a differentiator: Top-performing companies are three times more likely than lower performers to be sophisticated users of analytics, and are two times more likely to say that their analytics use is a competitive differentiator.”
Think Fast! is intended for busy business and IT professionals who have responsibility for building and growing a self-service analytics capability, and for those folks responsible for utilizing it to drive more effective decision-making.
According to Dresner Advisory Services' 2017 Wisdom of Crowds® Business Intelligence Market Study, the targeted user community for business intelligence comprises executives, middle managers, line managers, and individual contributors/professionals. This is the same targeted audience for think fast!, and it remains consistent regardless of geography, industry, or company size.
The book's targeted audience reflects a broad cross-section of line of business leaders and their teams--typically from sales, marketing, and finance--who focus on revenue growth, cost reduction, and risk management.
Greg's primary method of promotion is through his LinkedIn network of like-minded practitioners, consultants, analytics vendors, and business professionals. Updates and posts provide routine visibility into his work. As a senior corporate executive, job-related networking opportunities and his personal website (steffine.com) provide additional visibility. Mr. Steffine is considering future webinars and an analytics course to further support the marketing and sale of Think Fast!
Finally, Greg is currently co-authoring an article for expected placement in Harvard Business Review. Other targeted publications include Fast Company, Tech Crunch, and CIO.
Mr. Steffine self-published his previous book, Hyper. Presales through Publishizer and subsequent promotion activities through LinkedIn, Amazon, and others led to the following achievements:
Hyper is also being used in Xavier University's MBA program. Mr. Steffine intends to replicate this success with Think Fast!
Previous speaking engagements include:
Few books on business intelligence tackle the cultural issues and soft skills required to make analytics a success. This is a primary focus of Mr. Steffine's writing. In addition, his readers are busy--just like Greg is. And, like Mr. Steffine, they don't often have time to pick-up a book and really digest it from front cover to back. So, unlike his competitors, Greg writes with brevity. He packs practical tips and pragmatic advice from years of hands-on field work into a "quick read" format praised by his peers. His objective in all of his work is to "simplify the complex." His style is conversational and his writing "short and to the point"--the kind of book you can finish on a flight from Pittsburgh to Phoenix. These factors differentiate his work from competing books in the marketplace.
Laursen, Gert H. N. and Jesper Thorlund. Business Analytics for Managers: Taking Business Intelligence Beyond Reporting. Wiley and SAS Business Series. Nov. 7 2016.
Sherman, Rick. Business Intelligence Guidebook: From Data Integration to Analytics. Morgan Kaufmann. Nov. 21 2014.
Howson, Cindi. Successful Business Intelligence, Second Edition: Unlock the Value of BI & Big Data. McGraw Hill Education. Nov. 5 2013.
Moss, Larissa and Shaku Atre. Business Intelligence Roadmap: The Complete Project Lifecycle for Decision-Support Applications. Addison-Wesley Professional. Mar. 7 2003.
Boyer, John, Bill Frank, Brian Green and Tracy Harris. Business Intelligence Strategy: A Practical Guide for Achieving BI Excellence. MC Press. Nov. 1 2010.
Maheshwari, Anil. Data Analytics Made Accessible: 2018 Edition Kindle. Amazon Digital Services.
Greg Steffine is a business intelligence strategist, solution delivery leader, and an Amazon best-selling author. His passion is to help organizations use information to compete and win.
Foreword
Vice President and Principal Analyst, Forrester Research, Inc.
Mr. Evelson serves the Application Development & Delivery role for Forrester Research and is a leading expert in business intelligence (BI). Boris delivers strategic guidance, helping enterprises define BI strategies, governance, and architectures and identify vendors and technologies that help them put information to use in business processes and end user experiences.
Boris' current research focuses on the practical and actionable best practices for building BI infrastructure and applications, such as BI business cases, architectural options, organizational structures, and vendor selection. Boris continues to explore emerging trends in next-generation BI, such as agile BI architecture and development approaches, in-memory analytics, advanced data visualization, convergence of structured data and unstructured content analytics, process-driven and operational BI, and more.
Foreword
Researcher, Forrester Research, Inc.
Elizabeth is a researcher on the enterprise architecture team. Her research focuses on strategies to help organizations — including commercial firms, government agencies, and smart cities — derive value from data and analytics. Specifically, she is interested in the role data leadership plays in developing a culture that embraces analytically driven decisions. For smart cities, she supports research on how technology and policy officials can develop a citizen-centric strategy that leverages current open data initiatives and new technologies to improve favorability, services, and operations. In addition, Elizabeth analyzes trends in data commercialization, exploring the various business models and best practices for developing and delivering data products and services. These research areas often point to needing the help of service providers and a new engagement model where firms subscribe to actionable insights and decision support.
Contributor
Vice President, Data Ideology
Mr. Sargo is a proven business intelligence and analytics leader with nearly two decades of experience architecting, and delivering enterprise data management solutions. Prior to co-founding Data Ideology—a boutique consultancy focused on helping customers maximize the value of their data—Mike led large, cross-industry enterprise deployments of business intelligence solutions for Oracle and Microsoft. See Mike’s profile at linkedin.com/in/mikesargo.
Contributor
Payer & Emerging Markets, AllScripts
Abhishek (Abhi) Sindhwani has been a healthcare analytics visionary since 2006. For more than 20 years he’s focused on the use of business intelligence and analytics to address the shifting business paradigms that impact the bottom line. Abhi helps healthcare insurers improve their clinical operations, network management, and consumer engagement while minimizing provider abrasion. You can connect with him at linkedin.com/in/abhisindhwani.
Contributor
Analytics Manager, eBay
Mr. Seepana is a business intelligence and analytics professional with over 18 years of experience in e-commerce, financial services, healthcare, and research. He currently serves as Manager of Analytics and Reporting at a leading e-commerce company. He has contributed to several research publications in price analysis, marketing and analytics technologies. You can find him at linkedin.com/in/sriseepana.
500 copies • Partial manuscript • Looking for motivational, inspiration and the lighter side of business.
Sourcebooks is an independent vision. We are a company bound together by the idea that Books. Change. Lives. For us, it means a passion for books and a dedication to the belief that books change lives. It means innovative publishing, where every book is personal and every author’s voice has a place. And it means not being afraid to say “I don’t know” and forging a new path when we have to. We are a group of passionate, energetic and enthusiastic book lovers, and we are committed to helping readers experience each book. Thank you for being a part of our story.
250 copies • Completed manuscript.
Koehler Books is an Indie publisher based in Virginia Beach, Virginia. Our team of dedicated professionals promises you a holistic publishing experience where you'll receive our full attention, collaboration, and coaching every step of the way. We offer two publishing models: a traditional non-fee model for the highest quality work, as well as a co-publishing model that includes creative development fees for emerging authors. Our titles are broad-based and include nearly every major non-fiction and fiction genre.
500 copies • Completed manuscript • Looking for CEOs and industry leaders.
Leaders Press is a USA Today and Wall Street Journal best-selling press. We're your one-stop-shop to completely get the creation of your book outsourced. We'll interview you, create your manuscript, professionally package it and launch to #1 best-seller. We'll also create a lead generator for you so that you have a revenue-generating front-end (book) and back-end (business).
Mascot Books is a full-service hybrid publisher dedicated to helping authors at all stages of their publishing journey create a high-quality printed or digital book that matches their vision. With comprehensive editorial, design, marketing, production, and distribution services, our authors have the support of an experienced publishing team while still retaining one of the highest royalty percentages in the business.
250 copies • Completed manuscript.
Motivational Press is a top publisher today in providing marketing and promotion support to our authors. Our authors get favorable rates for purchasing their own books and higher than standard royalties. Our team is at the forefront of technology and offers the most comprehensive publishing platform of any non-fiction publishing house including print, electronic, and audiobook distribution worldwide. We look forward to serving you.
250 copies • Partial manuscript.
Atmosphere Press is an independent publisher dedicated to author rights. We publish in all genres and have an exceptional editorial, design, and promotional staff. We stand for Honesty, Transparency, Professionalism, and Kindness. We want our authors and their readers to be blown away when they first hold that book in their hands. It needs to look good inside and out, and feel good to the touch. And, of course, the words need to be top-notch, and our editors are devoted to making that the case.
100 copies • Partial manuscript.
Bookmobile provides book printing, graphic design, and other resources to support book publishers in an ever-changing environment. Superior quality, excellent customer service, flexibility, and timely turnarounds have attracted nearly 1,000 satisfied clients to Bookmobile, including trade houses, university presses, independent publishers, museums, galleries, artists, and more. In addition, we manage eBook conversions and produce galleys, and regularly provide short-run reprints of 750 copies or fewer for major publishers such as Graywolf Press.
100 copies • Completed manuscript.
eBooks2go, Inc. was founded in 2011 to provide the missing link for all your publishing needs. Our end-to-end solutions provide the guidance and support that enable publishers and independent authors to pursue their passions. To date, we have helped more than 750 authors and 100 publishers worldwide. We offer an array of simple and affordable solutions to assist self-publishing authors at every stage of the book publishing process. Our comprehensive service offering includes editing, print and eBook production, book marketing, cover designs, ISBN registration, and even website designs. We are a single source for all of your publishing needs.
100 copies • Completed manuscript.
Happy Self Publishing has helped 500+ authors to get their books self-published, hit the #1 position in the Amazon bestseller charts, and also establish their author website & brand to grow their business. And the best thing is, we do all this without taking away your rights and royalties. Let's schedule a call to discuss the next steps in your book project: www.meetme.so/jyotsnaramachandran
ShieldCrest are book publishers based in the UK who fill that vital gap for talented authors where mainstream publishers are unwilling to give them that chance. We strive for excellence and invest in our authors and are listed in FreeIndex as the number one independent publisher in the UK for price quality and service rated author satisfaction. We publish books of all genres including; fiction, historical, biographies and children's books.
ShieldCrest publishing continues to grow rapidly with satisfied authors throughout the UK and overseas. Our range of products includes paperbacks, hardbacks and digitised e-books in all formats used globally in the myriad of e-readers.
In addition to the above, ShieldCrest provides a complete range of services including book design and layout, illustrations, proof reading and editing. For marketing we offer author web page, press releases, social media marketing packages and many other support services to help both first time and experienced authors get their books into the market quickly and maximise on the opportunities available.
These services enable us to guide our authors through the process as we transform their manuscript into a professional book, which can take its place with pride next to any famous author's book of the same genre.
The staff at ShieldCrest have many years experience in the book industry and this wealth of experience is put at the disposal of our authors.
Our clients include established authors such as Diane Marshall who has been acclaimed as the best writing talent to come from Scotland for years by The Scotsman newspaper, and Prof Donald Longmore OBE, who performed the first heart transplant in the UK and has sold thousands of medical books used by students throughout the world. We also recently released "Martin Foran-The Forgotten Man" by J.R. Stephenson, which features fraud within the police, abuse within the prison service and injustices in the courts and has been featured in the press and on TV.
Our world is obsessed with speed, and every business needs to think and move faster than its competition if it’s going to survive. As writer and PR consultant Tom Clive puts it, “Dinosaurs must learn to become pumas.”
Now, more than ever, business leaders need access to the right information at the right time in order to act before decision windows close. That’s important because, as research by Accenture indicates, organizations with the ability to quickly convert data to information to business value enjoy a significant competitive advantage over those who can’t. It’s what separates the best from the rest.
Agile BI (agile with a small A) is an approach to analytics that enables organizations to work in quick, iterative cycles to define and deliver a business-aligned analytics capability over time, one incremental step at a time. TechTarget points out that an agile methodology anticipates the need for flexibility and applies important pragmatism to the design and development of analytics solutions. As a solutions delivery leader, I can’t stress enough the importance of this statement. In my award-winning book, Hyper, I outline an accelerated approach to the planning and delivery of analytics solutions using an agile mindset.
In its Agile Organization series, McKinsey outlines the five trademarks and 23 practices of an agile organization. “The trademarks,” its authors write, “include a network of teams within a people-centered culture that operates in rapid learning and fast decision cycles with are enabled by technology, and a common purpose that co-creates value for all stakeholders.” McKinsey’s perspective on organizational agility goes well beyond analytics, for sure; however, the trademarks certainly apply to the world of agile BI. Keep them in mind—especially since research by McKinsey shows that agile organizations “achieve greater customer centricity, faster time to market, higher revenue growth, lower costs, and a more engaged workforce” than their non-agile counterparts.
Whether or not you adopt formal agile methodologies, your focus must be on fast, frequent releases of self-service BI capabilities. Think hours and days, not weeks or months. What Klaus Schwab said a number of years ago at the Davos World Economic Forum still holds true today: “We’ve moved from a world where the big eat the small to a world where the fast eat the slow.” The pace of business is only increasing. Your analytics capability—and the mindset you use to implement it—needs to keep up.
Mike Sargo
The business intelligence market has evolved to a point where organizations can now deliver solutions in an agile way, enabling business users to access the data they need when they need it as business needs change. No longer does the business have to rely on IT to manage and respond to report requests. Instead, technology professionals can focus their efforts and expertise on data management and governance. This transformational shift is the key to unlocking the full potential of an agile business intelligence deployment.
Sri Seepana
Agile BI is about being “entrepreneurial.” Successful entrepre-neurs focus on the journey, not the destination. BI initiatives are a journey. Unlike technology projects, they have no end date. Instead, they evolve as the business evolves. The entrepreneurial mindset empowers a leader to quickly translate an idea into action, and then learn from the experience and iterate. That’s how effective agile BI efforts operate. Fail fast is the entrepreneur’s mantra, and so it is with agile BI.
Abhi Sindhwani
In the healthcare industry, any methodology you adopt must keep the patient front and center. Agile, whether formally or informally implemented, provides a valuable framework that enables payers and providers alike to quickly test new ideas without large investments and without affecting care delivery or management. In fact, for years now the healthcare industry has been leveraging business intelligence and analytics to deliver more efficient care, to provide better patient experience, and to reduce the cost and service burden on providers; agile has been an important part of the equation.
When you think agile BI, think speed-to-value. After all, agility only matters if it helps your organization to sell more, spend less, or work smarter. Look for ways to move your organization from big idea to actionable insight in a fast, focused manner. Partner with business stakeholders to identify high-value, low-risk opportunities that can help jumpstart your analytics effort. Don’t overcomplicate things. Being agile means keeping things simple. Start with data that is readily available and accessible. And when it comes to data quality, don’t let perfect be the enemy of good enough.
Many companies struggle to transform information into real results. Sure, some still live in what futurist and author Thornton May calls the “analytical dark ages”—where the right information is either limited or missing entirely from the organizations’ decision-making processes. In my experience, though, business leaders fail to capitalize on the promise of BI because of conflicting and often divergent perspectives on what business intelligence is and how it works. What we believe influences how we behave, so, in many organizations, erroneous perceptions often lead efforts astray, they can frustrate stakeholders, and they can sap valuable budget dollars. That’s why it’s important for business and IT to align around fundamentals.
It's important to know that the pressure to create value requires organizations to think differently about analytics if they want to compete and win, and that new way of thinking begins with five basic principles that help to unify stakeholders:
Unifying Principle #1 - Analytics has nothing to do with technology
Analytics is about business, not technology. Sure, technology helps make it work; but the value of any analytics initiative is ultimately driven—not by the sophistication of your visualization tools, the number of models you’ve deployed, or the power of your servers—but by the insight it provides and the impact it helps create. First establish your vision for analytics, then bring technology into the conversation. A capable hardware and software environment is necessary to compete on analytics. Just don’t get enamored with it.
Unifying Principle #2 - Not all data matters
We live in an era of information overload. In fact, our ability to store data has outstripped our ability to use it—evidence that, even in the era of big data, more data doesn’t necessarily mean more effective decision-making. Remember what Albert Einstein once said: “Not everything that counts can be counted and not everything that can be counted counts.”
Unifying Principle #3 - Self-service analytics is not a project
Self-service analytics is a “business initiative,” not a “technology project.” Rolling out and supporting the capability is an ongoing effort to improve the organization’s decision-making ability and capacity to create value. It evolves as the organization evolves. It has no finish line.
Unifying Principle #4 - Self-service isn’t synonymous with “self-sufficient”
Today, many business leaders mistakenly use the idea of “self-service” to distance themselves and their teams from the people and processes that make-up IT’s data management capability. These leaders correctly argue for greater speed and agility, but they take on roles and responsibilities without the requisite level of expertise or a critical enterprise perspective. In doing so, they create unacceptable risk and unnecessary cost to the organization.
In order for a firm to become an analytical competitor, the demand for and supply of data and analysis must be in alignment. Business stakeholders drive demand.They require relevant data, meaningful information, and actionable insight that enable more effective operational, tactical, and strategic decision-making. But it’s the job of IT—even in a world of self-service—to source it, transform it, ensure its quality, and stage it for fast, easy access and consumption. “Supply and demand” is the place where business and IT meet. Organizations that compete on analytics rely on strong partnerships between business and IT.
Unifying Principle #5 - Attitude is everything
Our attitude doesn’t just shape how others see us. It influences our actions. That makes the right attitude a prerequisite for effective collaboration and a must-have for creating the kind of cross-functional alignment you need for analytics success. Make success your passion. Dedicate yourself to exceeding your customers’ expectations. Pride yourself on making your colleagues some of the best decision-makers in the world. And remember what Zig Ziglar once said: “Your attitude, not your aptitude, determines your altitude.”
Mike Sargo
Organizational alignment is perhaps the one area where the majority of organizations consistently struggle. It’s about rallying people around a vision to drive value. Those who are successful build a strong partnership between the business and information technology teams so that their respective strategies and priorities are aligned and success can be realized. The key is executive sponsorship combined with cross-functional leadership that is tasked with setting the overall vision for the program and managing its budget, governance, communication, prioritization, and change management.
Abhi Sindhwani
When it comes to implementing a successful analytics program—one that actually moves the needle in business performance—organizational alignment is of the utmost importance. Done right, it helps employees across the company understand their role in supporting the firm’s overall strategy; it empowers business analysts to make required decisions; it provides a culture of accountability that incentivizes superior financial performance; and it establishes a culture of risk tolerance and trust. To be successful, though, all parts of the organization have to work in harmony.
Organizational alignment represents one of the most overlooked aspects of creating a self-service analytics capability that really works. Don’t underestimate its significance. Focus on getting business and IT aligned on the fundamentals, then invest the time and energy necessary to build important cross-functional relationships.
Hi, there! Wanted to let you know that Think Fast! hit the top 10 in several of its Amazon categories.
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Happy Labor Day!
Just a note of thanks for participating in my Publishizer pre-order campaign. Your support is greatly appreciated.
There are a number of …
I'm pleased to announce that we hit our Think Fast! pre-order sales goal of 100 copies! Thank you! Because of your interest in the book, a …
So we just wrapped week 1 with 42 pre-orders. That puts us in 3rd place for business books and well behind the leader at 90. …
Exciting to see the heavy response to our Think Fast! promotion campaign on LinkedIn. For those of you who have pre-ordered, many thanks! Please tell …
Excited to let you know that pre-order for Think Fast! is now live! Help me compete and win a "top 5" publishing house contract...pass the …
Can’t wait to read!
Congratulations on publishing another book.
Hyper was the true BI solution. Very well done Greg..I am excited to read your new thoughts on Think Fast ...
Greg, just pre-ordered your latest book. Looking forward to reading it and sharing my thoughts with you and others on such important topic.
Sold! Looking forward to reading your book!
Congratulations Again Greg. If it is as good as the last book and I am sure it is, I will enjoy a outstanding read with great perspective and insight.
Congratulations on getting this done!
Looking forward to reading your book.
Wishing you success with your latest book. Look forward to reading it.
Greg... I look forward to reading. Hope you are well! - Bill
Congratulations! Looking forward to this one.
Looking forward to diving in!
Greg - I look forward to reading this as this is a key to success in business today!
Good luck with the launch !!
Honored to be part of this launch!
$12
12 readers
Pre-order the Digital Bundle and get:
• 1 Kindle Edition of Think Fast!
• 1 PDF version of Think Fast!
Includes:
$21
24 readers
Pre-order the Paperback Bundle and get:
• 1 Paperback Edition of Think Fast!
Note: Included ebooks are Kindle and PDF versions
Includes:
$69
10 readers
Pre-order the Signed "Early Adopter" Bundle and get:
• 2 Author-Signed Paperback Editions of Think Fast! (one for you and one to give away)
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SPECIAL BONUS
• Your named printed as an "Early Adopter" in every edition
• Your paperback books are signed by the author
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Note: Included ebooks are Kindle and PDF versions
Includes:
$199
2 readers
Pre-order the Signed "Share-With-Your-Colleagues" Bundle and get:
• 10 Author-Signed Paperback Editions of Think Fast!
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SPECIAL BONUS
• Your paperback books are signed by the author
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Note: Included ebooks are Kindle and PDF versions
Includes:
$495
1 reader
Pre-order Strategy Bundle #1 and get:
• 25 Paperback Editions of Think Fast!
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SPECIAL BONUS
• 1 FULL HOUR of Q&A with Author Greg Steffine
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Note: Included ebooks are Kindle and PDF versions. Q&A Sessions are scheduled in 30 minute and/or 1 hour increments. Sessions with U.S.-based companies held over telephone or Skype. Sessions with international firms held over Skype.
Includes:
$995
0 readers
Pre-order Strategy Bundle #2 and get:
• 50 Paperback Editions of Think Fast!
-----------------------------------------------------
SPECIAL BONUS
• 2 FULL HOURS of Q&A with Author Greg Steffine
-----------------------------------------------------
Note: Included ebooks are Kindle and PDF versions. Q&A Sessions are scheduled in 30 minute and/or 1 hour increments. Sessions with U.S.-based companies held over telephone or Skype. Sessions with international firms held over Skype.
Includes:
$2995
0 readers
Pre-order the Innovation Bundle and get:
• 100 Paperback Editions of Think Fast!
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SPECIAL BONUS
• 4 FULL HOURS of Q&A with Author Greg Steffine
• 100 paperback editions of HYPER, Greg's awarding-winning bestseller on business intelligence
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Note: Included ebooks are Kindle and PDF versions. Q&A Sessions are scheduled in 30 minute and/or 1 hour increments. Sessions with U.S.-based companies held over telephone or Skype. Sessions with international firms held over Skype.
Includes:
on July 31, 2018, 7:48 p.m.
As always, Greg is a fantastic strategist and leader in the world of data and analytics...looking forward to reading his latest!