Data Science: Blue skies-focused or bottom line-based?
The best data scientists can find issues which have been the invisible root causes of problems for their organisations. They can also discover solutions to known problems that have previously remained intractable. As a result, the value they deliver can be significant and often enterprise-wide.
To reach those outcomes, however, data science requires a degree of latitude not usually permitted to other functions and cost centres. Exploration does not always result in discovery. Discoveries do not always yield the value anticipated. As a result, data science can become viewed as too blue skies-focused and with insufficient attention to bottom line benefits.
Participants will have an opportunity to share their own experiences of driving ROI from data science and also why hard metrics are not always appropriate.