Quote from Rob Neyer, ESPN

"In business, as in baseball, the question isn't whether or not you'll jump into analytics; the question is when. Do you want to ride the analytics horse to profitability...or follow it with a shovel?"

Tuesday, December 11, 2007

What marks an organization as being analytically sophisticated?

According to Thomas H. Davenport and Jeanne G. Harris in their incredibly timely and insightful book, Competing on Analytics, there were four common key characteristics:
1) Analytics supported a strategic, distinctive capability
2) The approach to and management of analytics was enterprise-wide
3) Senior management was committed to the use of analytics
4) The company made a significant strategic bet on analytics-based competition

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