Название: Self-Service Data Analytics and Governance for Managers
Автор: Nathan E. Myers, Gregory Kogan
Издательство: Wiley
Год: 2021
Страниц: 352
Язык: английский
Формат: epub
Размер: 10.1 MB

Project governance, investment governance, and risk governance precepts are woven together in Self-Service Data Analytics and Governance for Managers, equipping managers to structure the inevitable chaos that can result as end-users take matters into their own hands

Motivated by the promise of control and efficiency benefits, the widespread adoption of data analytics tools has created a new fast-moving environment of digital transformation in the finance, accounting, and operations world, where entire functions spend their days processing in spreadsheets. With the decentralization of application development as users perform their own analysis on data sets and automate spreadsheet processing without the involvement of IT, governance must be revisited to maintain process control in the new environment.

In this book, emergent technologies that have given rise to data analytics and which form the evolving backdrop for digital transformation are introduced and explained, and prominent data analytics tools and capabilities will be demonstrated based on real world scenarios. The authors will provide a much-needed process discovery methodology describing how to survey the processing landscape to identify opportunities to deploy these capabilities. Perhaps most importantly, the authors will digest the mature existing data governance, IT governance, and model governance frameworks, but demonstrate that they do not comprehensively cover the full suite of data analytics builds, leaving a considerable governance gap.

The data analytics toolkit is growing at a rapid pace, with many off-the-shelf tools that can be customized to perform routinized processing tasks. By shoehorning an unstructured process into a self-service data analytics tool, analysts and operators can structure work into a repeatable process that is stable, documented, and robust – even tactically mimicking a system-based process. Self-service analytics is a form of business intelligence (BI) in which line-of-business professionals are enabled to perform queries; extract, transform, and load (ETL) and data enrichment activities; and to structure their work in tools, with only nominal IT support. Self-service analytics is often characterized by simple-to-use BI tools with basic analysis capabilities and an underlying data model that has been simplified or scaled down for ease of understanding and straightforward data access.

Artificial intelligence (AI) is one of the broadest and most all-encompassing of the data analytics references the reader will hear. It is the over-arching theory and science of development of computer systems and processes that can consider facts and variables to perform processes that typically require human intelligence and the uniquely human capability of learning new things and applying them. Any number of sciences and disciplines are brought to AI such as mathematics, computer science, psychology, and linguistics, among many others.

This book is meant to fill the gap and provide the reader with a fit-for-purpose and actionable governance framework to protect the value created by analytics deployment at scale. Project governance, investment governance, and risk governance precepts will be woven together to equip managers to structure the inevitable chaos that can result as end-users take matters into their own hands.