4 ms·
The CTO of my previous company was fond of saying something like: > According to [some book he read once], the average company stands to increase their profits
by angry_moose 4y ago
The CTO of my previous company was fond of saying something like:
> According to [some book he read once], the average company stands to increase their profits by [50%?] by applying data science. Even if [author] is only 10% correct, that's still tens of millions of dollars for us.
(some variation on this at every all hands meeting)
When I left the company, they were still desperately searching for that first 1% of benefit after nearly a decade of effort. Like most management fads, there is some solid foundational truth there, but it quickly becomes a solution in search of a problem when it gets tossed at every single problem faced.
- bombcar 4y agoThe trick is to discover what the current management fad at your work is, and then reword whatever problem you ACTUALLY want to solve as being a case of implementing the fad. I've known of very successful middle managers who had multi-decade projects that were really advancing the actual work of the business but the top-levels thought it was various separate buzzword projects during those years.
- trilobyte 4y agoThat's a pretty poor understanding of basic prob & stats. What if you are not an average company? What if you're not an average company and on the low end of that bell curve? If the author is only 10% correct, maybe the author is only 10% right about the type of company that could benefit from "applying data science".