Pit & Quarry, May 2018
MANAGEMENT Yes its true that a large percentage of data science projects fail The reasons for this vary ranging from not enough data to not enough good data Although data scientists are skilled in adjusting for missing and erroneous data too much of this can kill a project The skills of the data scientist may not be adequate for the job Also there may not be a compelling business need for data science Any half hearted attempt to just create one to see what happens will usually A good data scientist needs to be able to work across functional groups and be able to lead teams of individuals with varying job responsibilities and backgrounds be consigned to the managerial dustbin as time goes on Quite often the insights of a project are correct and important but the company is unable to act on them Change is hard to manage in every organization The recommendations that may evolve from an analysis may run counter to company culture or the weve always done it this way syndrome As an example of how this can be detrimental to becoming a data driven company last year Microsoft sponsored a data science conference in which the keynote speaker was a world famous economist and data science consultant His firm was asked to help a very large retail fashion company improve its inventory control strategy They were successful despite barely hidden opposition by the buyers who had previously been making those decisions Their first years recommendations made the company significantly more profit but when they met with the CEO to discuss the next years work the CEO asked them to drop the project and work on something else He gave the reason that while the data driven work had been wildly successful it hurt the feelings of their company buyers Company culture ruled the day ABSORB THE OPPORTUNITIES AHEAD Certainly change is a muscle we dont like to exercise in the mining industry Lets Condor Models Feature Classic Eagle Iron Works outboard bearings mounting points rising current classifier and adjustable weirs Class 1 Dodge reducer U S Steel construction 22 PIT QUARRY May 2018 pitandquarry com
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