Data Science Hacks
June 18, 2015 at 1:03 pm #12423
June 18, 2015 at 1:06 pm #12425
Knowing the business side could save your project
Like anything in corporate culture, the project is oftentimes about the business, not the technology. With data analysis, the same type of thinking goes. It’s not always about the technicality but about the business implications. Data science project success criteria should include project management success criteria as well. This will ensure smooth adoption, easy buy-ins, room for wins and co-operating stakeholders. So, a good data scientist should also possess some qualities of a good project manager.
June 25, 2015 at 12:49 am #13080
Data aids, not replace judgement
Data is a tool and means to help build a consensus to facilitate human decision-making but not replace it. Analysis converts data into information, information via context leads to insight. Insights lead to decision making which utlimately leads to outcomes that brings value. So, data is just the start, context and intuition plays a role.
October 8, 2015 at 12:12 am #17698
Grow at the speed of collaboration
A research by Cornerstone On Demand pointed out the need for better collaboration within workforce, and data analytics domain is no different. A rapidly changing and growing industry like data analytics is very difficult to catchup by isolated workforce. A good collaborative work-environment facilitate better flow of ideas, improved team dynamics, rapid learning, and increasing ability to cut through the noise. So, embrace collaborative team dynamics.
- This reply was modified 2 years, 9 months ago by skbhate.
October 15, 2015 at 1:06 am #17928
Analytics Strategy that is Startup Compliant
With right tools, capturing data is easy but not being able to handle data could lead to chaos. One of the most reliable startup strategy for adopting data analytics is TUM or The Ultimate Metric. This is the metric that matters the most to your startup. Some advantages of TUM: It answers the most important business question, it cleans up your goals, it inspires innovation and helps you understand the entire quantified business.
- This reply was modified 2 years, 9 months ago by admin.
October 22, 2015 at 2:20 am #18146
Fix the Culture, spread awareness to get awareness
Adoption of analytics tools and capabilities has not yet caught up to industry standards. Talent has always been the bottleneck towards achieving the comparative enterprise adoption. One of the primal reason is lack of understanding and knowledge within the stakeholders. To facilitate wider adoption, data analytics leaders, users, and community members needs to step up to create awareness within the organization. An aware organization goes a long way in helping get quick buy-ins and better funding which ultimately leads to faster adoption. So be the voice that you want to hear from leadership.
October 29, 2015 at 12:52 pm #19740
Save yourself from zombie apocalypse from unscalable models:
One living and breathing zombie in today’s analytical models is the pulsating absence of error bars. Not every model is scalable or holds ground with increasing data. Error bars that is tagged to almost every models should be duly calibrated. As business models rake in more data the error bars keep it sensible and in check. If error bars are not accounted for, we will make our models susceptible to failure leading us to halloween that we never wants to see.
November 4, 2015 at 11:56 am #20166
Data Analytics Success Starts with Empowerment:
Being Data Driven is not as much of a tech challenge as it is an adoption challenge. Adoption has it’s root in cultural DNA of any organization. Great data driven organizations rungs the data driven culture into the corporate DNA. A culture of connection, interactions, sharing and collaboration is what it takes to be data driven. Its about being empowered more than its about being educated.
November 12, 2015 at 11:42 am #20714
Winter is coming, warm your Analytics Club
Yes and yes! As we are heading into winter what better way but to talk about our increasing dependence on data analytics to help with our decision making. Data and analytics driven decision making is rapidly sneaking its way into our core corporate DNA and we are not churning practice ground to test those models fast enough. Such snugly looking models have hidden nails which could induce unchartered pain if go unchecked. This is the right time to start thinking about putting Analytics Club[Data Analytics CoE] in your work place to help Lab out the best practices and provide test environment for those models.
- This reply was modified 2 years, 8 months ago by admin.
November 18, 2015 at 11:34 pm #21139
Finding a success in your data science ? Find a mentor
Yes, most of us dont feel a need but most of us really could use one. As most of data science professionals work in their own isolations, getting an unbiased perspective is not easy. Many times, it is also not easy to understand how the data science progression is going to be. Getting a network of mentors address these issues easily, it gives data professionals an outside perspective and unbiased ally. It’s extremely important for successful data science professionals to build a mentor network and use it through their success.
January 13, 2016 at 11:23 am #24176
Keeping Biases Checked during the last mile of decision making
Today a data driven leader, a data scientist or a data driven expert is always put to test by helping his team solve a problem using his skills and expertise. Believe it or not but a part of that decision tree is derived from the intuition that adds a bias in our judgement that makes the suggestions tainted. Most skilled professionals do understand and handle the biases well, but in few cases, we give into tiny traps and could find ourselves trapped in those biases which impairs the judgement. So, it is important that we keep the intuition bias in check when working on a data problem.
- This reply was modified 2 years, 6 months ago by admin.
January 27, 2016 at 3:57 pm #25000
Data Have Meaning
We live in a Big Data world in which everything is quantified. While the emphasis of Big Data has been focused on distinguishing the three characteristics of data (the infamous three Vs), we need to be cognizant of the fact that data have meaning. That is, the numbers in your data represent something of interest, an outcome that is important to your business. The meaning of those numbers is about the veracity of your data.
Numbers could reflect the quality of a manufacturing process. They could represent the health of customer relationships. They could even reflect the quality of healthcare that patients receive. Further, each of these outcomes can be measured using different metrics. For example, the health of the customer relationship could be gleaned from customer survey ratings, Twitter feeds or transcripts from call center conversations, to name a few. Yet, these different data sources provide vastly different perspectives of the “health of the customer relationship.” One number might reflect good customer health; another number might represent poor customer health. Appreciating these differences is the crux of understanding the veracity of your data and metrics.
Don’t forget that a number (metric) is more than just a number; it represents something of interest to your company. Be clear about your metrics and what they mean to your business. You can read more about veracity here.
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