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I think if a business is set up to scale by volume they can see gains from it. For example, say a business is already doing well at 100k conversions a day. They
by poorman 6y ago
I think if a business is set up to scale by volume they can see gains from it. For example, say a business is already doing well at 100k conversions a day. They manage to apply "big data/ML" to optimize those conversions and gain a 3% lift, they are now making over a 1,095,000 extra conversions a year they would not have otherwise made.
- chrisandchris 6y agoSo they need to make $1 profit for each of those conversions just to make it worth if they hire 1 ML scientist for 95k/year. Or $10 if they hire 10 for 950k/year in total. And so on... And there‘s the point where - IMHO - 3% gain may not be profitable enough.
- tomrod 6y agoExtra conversions/year, so 1 DS at 95k means 1mm net profit