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Education & Reference - Managerial Analytics: An Applied Guide to Principles, Methods, Tools, and Best Practices

Description

Book Synopsis: The field of analytics is rapidly evolving, making it difficult for professionals and students to keep up with the most current and effective applications. Managerial Analytics will help readers sort through all these new options and identify the appropriate solution. In this reference, authors Watson, Nelson, and Cacioppi accurately define and identify the components of analytics and big data, giving readers the knowledge needed to effectively assess new aspects and applications. Building on this foundation, they review tools and solutions, identify the offerings best aligned to one's requirements, and show how to tailor analytics applications to an organization's specific needs. Drawing on extensive experience implementing, planning, and researching advanced analytics for business, the authors clearly explain all this and more:
  • What analytics is and isn't: great examples of successful usage – and other examples where the term is being degraded into meaninglessness
  • The difference between using analytics and “competing on analytics”
  • How to get started with big data, by analyzing the most relevant data
  • Components of analytics systems, from databases and Excel to BI systems and beyond
  • Anticipating and overcoming “confirmation bias” and other pitfalls
  • Understanding predictive analytics and getting the high-quality random samples necessary
  • Applying game theory, Efficient Frontier, benchmarking, and revenue management models
  • Implementing optimization at the small and large scale, and using it to make “automatic decisions”
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Details

Stay ahead of the rapidly evolving field of analytics with Managerial Analytics: An Applied Guide to Principles, Methods, Tools, and Best Practices. Designed to provide professionals and students with the most current and effective applications, this comprehensive reference will help you navigate the complex world of analytics. With the guidance of authors Watson, Nelson, and Cacioppi, you'll gain the knowledge needed to assess new aspects and applications, identify the best tools and solutions, and tailor analytics applications to meet your organization's specific needs.

What sets Managerial Analytics apart is its ability to clearly define and identify the components of analytics and big data. By providing practical examples and case studies, the authors demonstrate how analytics can be successfully utilized, while also debunking common misconceptions. This book will help you differentiate between simply using analytics and truly "competing on analytics," giving you a competitive advantage in the marketplace.

One of the key challenges in today's data-driven world is making sense of big data. Managerial Analytics provides a roadmap for getting started with big data analysis by focusing on the most relevant data. Whether you're working with databases, Excel, or business intelligence systems, this book will equip you with the necessary tools and techniques to uncover valuable insights and drive informed decision-making.

Not only does Managerial Analytics cover the technical aspects of analytics, but it also addresses the cognitive biases and pitfalls that can hinder effective analysis. Learn how to anticipate and overcome confirmation bias and other common pitfalls, ensuring that your data-driven decisions are based on sound reasoning.

To truly leverage the power of analytics, you need to understand predictive analytics and how to acquire high-quality random samples. With Managerial Analytics, you'll grasp the principles behind predictive analytics and learn how to effectively apply them in your own organization. The book also delves into advanced concepts such as game theory, Efficient Frontier, benchmarking, and revenue management models, enabling you to optimize your business strategies and maximize your profitability.

Don't miss out on the opportunity to become a master in managerial analytics. Whether you're a seasoned professional or a student looking to enter the field, this book is an invaluable resource that will empower you to make data-driven decisions with confidence. Get your copy of Managerial Analytics: An Applied Guide to Principles, Methods, Tools, and Best Practices now to stay ahead of the analytics revolution.

Click here to order Managerial Analytics: An Applied Guide to Principles, Methods, Tools, and Best Practices and embark on your journey to becoming an analytics expert.

Disclosure: I get commissions for purchases made through links in this website