Re:Reddit experiments on users, forcing them to install app ...
by parpfish on Monday June 12, 2023 @10:55AM
(#36294668)
i think that many business get lured into doing data-science because they think that math/stats powers grant borderline-mystical powers and that they can be used to peer into a data warehouse and create with ideas/business strategies that no mere mortal (i.e., people with domain expertise in business) could have dreamt up.
But... most businesses aren't that complex, and people can usually come up with really good common sense ideas for how to make improvements. Data-science is often most effective when it serves less as a visionary idea-maker and more as translator that helps common-sense ideas become real (optimizing the precise values used, figuring out the best roll-out strategies, building forecasts).
After a year with not much to show for it, the VP for the silo starts to put out kudos for the team for break-even revenue impact. However, behind the scenes, the insight they were taking credit for was a common sense idea that had already been in the e-commerce team’s backlog.
Nothing surprises me when a company says that they’ve run the numbers.