www.arsquanta.com perspectives on data science and analytics from the front lines jason hoffman ars...
TRANSCRIPT
![Page 1: Www.ArsQuanta.com Perspectives on Data Science and Analytics from the Front Lines Jason Hoffman Ars Quanta Inc](https://reader035.vdocuments.mx/reader035/viewer/2022062722/56649f345503460f94c51286/html5/thumbnails/1.jpg)
www.ArsQuanta.com
Perspectives on Data Science and Analytics from the Front Lines
Jason HoffmanArs Quanta Inc.
![Page 2: Www.ArsQuanta.com Perspectives on Data Science and Analytics from the Front Lines Jason Hoffman Ars Quanta Inc](https://reader035.vdocuments.mx/reader035/viewer/2022062722/56649f345503460f94c51286/html5/thumbnails/2.jpg)
www.ArsQuanta.com
![Page 3: Www.ArsQuanta.com Perspectives on Data Science and Analytics from the Front Lines Jason Hoffman Ars Quanta Inc](https://reader035.vdocuments.mx/reader035/viewer/2022062722/56649f345503460f94c51286/html5/thumbnails/3.jpg)
www.ArsQuanta.com
![Page 4: Www.ArsQuanta.com Perspectives on Data Science and Analytics from the Front Lines Jason Hoffman Ars Quanta Inc](https://reader035.vdocuments.mx/reader035/viewer/2022062722/56649f345503460f94c51286/html5/thumbnails/4.jpg)
www.ArsQuanta.com
Key Observations
![Page 5: Www.ArsQuanta.com Perspectives on Data Science and Analytics from the Front Lines Jason Hoffman Ars Quanta Inc](https://reader035.vdocuments.mx/reader035/viewer/2022062722/56649f345503460f94c51286/html5/thumbnails/5.jpg)
www.ArsQuanta.com
High-Level Observations
• Information is growing exponentially • Cost of disk and processors has gone
exponentially down while the power has going has gone exponentially up
• More touch points with collection of consumer information than ever before
• People are interacting with information and technology that were unimaginable 50 years ago
![Page 6: Www.ArsQuanta.com Perspectives on Data Science and Analytics from the Front Lines Jason Hoffman Ars Quanta Inc](https://reader035.vdocuments.mx/reader035/viewer/2022062722/56649f345503460f94c51286/html5/thumbnails/6.jpg)
www.ArsQuanta.com
Key Observations - Business
• Big Companies have a disproportionate advantage because of the scale of their data
• Established small and mid-Market businesses and entire market niches in the are being dis-intermediated by small and rapid emerging tech startups.
![Page 7: Www.ArsQuanta.com Perspectives on Data Science and Analytics from the Front Lines Jason Hoffman Ars Quanta Inc](https://reader035.vdocuments.mx/reader035/viewer/2022062722/56649f345503460f94c51286/html5/thumbnails/7.jpg)
www.ArsQuanta.com
Key Observations - Staffing
• A 2014 Study identified that 6000 companies were planning to hire “data Scientists” this year
• Less than 1% of the US population get PhDs
![Page 8: Www.ArsQuanta.com Perspectives on Data Science and Analytics from the Front Lines Jason Hoffman Ars Quanta Inc](https://reader035.vdocuments.mx/reader035/viewer/2022062722/56649f345503460f94c51286/html5/thumbnails/8.jpg)
www.ArsQuanta.com
Lessons For Analytics Leaders
![Page 9: Www.ArsQuanta.com Perspectives on Data Science and Analytics from the Front Lines Jason Hoffman Ars Quanta Inc](https://reader035.vdocuments.mx/reader035/viewer/2022062722/56649f345503460f94c51286/html5/thumbnails/9.jpg)
www.ArsQuanta.com
Lesson #1
Go slow at the very start in order to go fast later with Analytics
![Page 10: Www.ArsQuanta.com Perspectives on Data Science and Analytics from the Front Lines Jason Hoffman Ars Quanta Inc](https://reader035.vdocuments.mx/reader035/viewer/2022062722/56649f345503460f94c51286/html5/thumbnails/10.jpg)
www.ArsQuanta.com
Lesson #2
Start from where you are today
![Page 11: Www.ArsQuanta.com Perspectives on Data Science and Analytics from the Front Lines Jason Hoffman Ars Quanta Inc](https://reader035.vdocuments.mx/reader035/viewer/2022062722/56649f345503460f94c51286/html5/thumbnails/11.jpg)
www.ArsQuanta.com
Lesson #3
Once you have the foundation Analytics program in place, focus on speed of iteration vs. getting everything perfect
![Page 12: Www.ArsQuanta.com Perspectives on Data Science and Analytics from the Front Lines Jason Hoffman Ars Quanta Inc](https://reader035.vdocuments.mx/reader035/viewer/2022062722/56649f345503460f94c51286/html5/thumbnails/12.jpg)
www.ArsQuanta.com
Lesson #4
Measurement is destiny
![Page 13: Www.ArsQuanta.com Perspectives on Data Science and Analytics from the Front Lines Jason Hoffman Ars Quanta Inc](https://reader035.vdocuments.mx/reader035/viewer/2022062722/56649f345503460f94c51286/html5/thumbnails/13.jpg)
www.ArsQuanta.com
Lesson #5
Step function gains can come from non-low hanging fruit and sophisticated methods
![Page 14: Www.ArsQuanta.com Perspectives on Data Science and Analytics from the Front Lines Jason Hoffman Ars Quanta Inc](https://reader035.vdocuments.mx/reader035/viewer/2022062722/56649f345503460f94c51286/html5/thumbnails/14.jpg)
www.ArsQuanta.com
Lesson #6
If you are just beginning your Analytics program, hire generalists first, rather than specialists
![Page 15: Www.ArsQuanta.com Perspectives on Data Science and Analytics from the Front Lines Jason Hoffman Ars Quanta Inc](https://reader035.vdocuments.mx/reader035/viewer/2022062722/56649f345503460f94c51286/html5/thumbnails/15.jpg)
www.ArsQuanta.com
Lesson #7
Don’t hire data scientists
![Page 16: Www.ArsQuanta.com Perspectives on Data Science and Analytics from the Front Lines Jason Hoffman Ars Quanta Inc](https://reader035.vdocuments.mx/reader035/viewer/2022062722/56649f345503460f94c51286/html5/thumbnails/16.jpg)
www.ArsQuanta.com
Lesson #8
The consumption of analytics is more important than the creation of analytics
![Page 17: Www.ArsQuanta.com Perspectives on Data Science and Analytics from the Front Lines Jason Hoffman Ars Quanta Inc](https://reader035.vdocuments.mx/reader035/viewer/2022062722/56649f345503460f94c51286/html5/thumbnails/17.jpg)
www.ArsQuanta.com
Lesson #9
Software helps, but it’s not enough
![Page 18: Www.ArsQuanta.com Perspectives on Data Science and Analytics from the Front Lines Jason Hoffman Ars Quanta Inc](https://reader035.vdocuments.mx/reader035/viewer/2022062722/56649f345503460f94c51286/html5/thumbnails/18.jpg)
www.ArsQuanta.com
Lesson #10
Identify your Data ‘posse’; leverage them extensively to build and support your program