Chapter 15

Gathering Important Information about Your Company

IN THIS CHAPTER

check Focusing your data team on the business vision

check Inventorying your company’s data technologies and resources

check Mapping out the people and data skill set requirements

check Preempting and preventing data science project failures

The success of prospective data science projects heavily depends on whether those projects represent an implementation of your company’s lowest-hanging-fruit use case — in other words, the most promising data science use case for your company, given its current capabilities with respect to data resources, technology, and skillsets. To ensure that your data science use case is the lowest-hanging fruit, though, you need to make sure that it offers the quickest and biggest bang for your company’s buck — especially when you and your company are novices when it comes to leading profit-forming data science initiatives. For a new data science initiative to offer a solid return on investment in a short period, it should be something that your company can implement using its existing resources.

To make ...

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