Harvard Business Review

HBR Guide to Data Analytics Basics for Managers (HBR Guide Series)

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  • Heri Heryadihas quoted6 years ago
    Most data comes in fragments. To be useful, these individual bits of information need to be put together into a coherent explanation of the business situation, which means integrating data into a “story.”
  • Heri Heryadihas quoted6 years ago
    Most data comes in fragments. To be useful, these individual bits of information need to be put together into a coherent explanation of the business situation, which means integrating data into a “story.”
  • Heri Heryadihas quoted6 years ago
    you need to combine the science of analytics with the art of intuition. Be a manager who knows the geeks, understands their formulas, helps improve their analytic processes, effectively interprets and communicates the findings to others, and makes better decisions as a result
  • Heri Heryadihas quoted6 years ago
    Framing a problem—identifying it and understanding how others might have solved it in the past—is the most important stage of the analytical process for a consumer of big data
  • Heri Heryadihas quoted6 years ago
    quants and the consumers of their data get much better results if they form deep, trusting ties that allow them to exchange information and ideas freely
  • Heri Heryadihas quoted6 years ago
    When using big data to make big decisions, non-quants should focus on the first and the last steps of the process. The numbers people typically handle the details in the middle, but wise non-quants ask lots of questions along the way
  • Heri Heryadihas quoted6 years ago
    “All models are wrong, but some are useful.”
  • Heri Heryadihas quoted6 years ago
    every analytical model is built on assumptions that producers ought to explain and defend
  • Heri Heryadihas quoted6 years ago
    We live in an era of big data. Whether you work in financial services, consumer goods, travel and transportation, or industrial products, analytics are becoming a competitive necessity for your organization
  • Heri Heryadihas quoted6 years ago
    Data-driven decisions won’t come easily. But by understanding the basics of data analytics, you’ll be able to ask the right questions of data to pull the most useful information out of the numbers
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