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You are vastly underestimating the cost of standing up a data science team. They need data infrastructure, experts in cleaning data, and actual data scientists
by wtvanhest 8y ago
You are vastly underestimating the cost of standing up a data science team.
They need data infrastructure, experts in cleaning data, and actual data scientists, support etc. Its a huge under taking.
- _dps 8y agoI know from experience that you can put together a very good full-suite team of 20 people in SFBA with a 5-year budget in the tens of millions. That's a fraction of a $300M acquisition (though obviously the acquisition brings IP, relationships, a team that already works together, etc.) Such a team is on the small side for a Fortune 500, but definitely large enough to do real work and more than pay for themselves (especially if you're introducing serious ML into your company for the first time).
- wtvanhest 8y agoYour budget is not even close for a company as large and complex as MCD. That $300mm is an investment in a reoccuring revenue stream as well. There is a very real possibility that the true org cost is zero for MCD.
- _dps 8y agoMy budget estimate is based on actual experience building data science operations at Fortune 500s.