Pit & Quarry, May 2018
MANAGEMENT face it Many companies make strategic decisions on the HiPPO method that is the highest paid persons opinion There may be very good reasons for that as that person usually has the most experience and has shown to have good judgment But to be a truly knowledgeable company the first question when faced with an opportunity should be What data do we have The first question that should not be asked Boss what do you think Data science is just a tool not a substitute Balancing the possible benefits with the challenges and costs you might be wondering if you want to enter this unknown territory for management knowledge experience and judgment Data science cant tell you how to run your company but it can be a valuable part of your decision making capacity Sometimes just the process of organizing data and visualizing its features may be enough to give the insights you seek Data science analysis isnt always needed to solve problems and should not be a knee jerk reaction to fix things Balancing the possible benefits with the challenges and costs you might be wondering if you want to enter this unknown territory That is a decision only you and your company can make A recent article titled Machines Learning Astronomy in Sky Telescope tells how even astrophysicists and astronomers have been slow to use the techniques of data science in their highly competitive field They are now making up for lost time According to the article many astronomers predict that machine learning will take on an important role in the field perhaps becoming as essential as the telescope a set of tools thats only beginning to be explored Says astrophysicist Joshua Bloom a convert to data science From my perspective its a little like being a kid in a candy store before all the kids wake up P Q Ron Hendrickson is a data scientist with Mining Insights Learn more at www mininginsights net I AT MA RIGHT T QUALITY DTH DRILLING HAMMERS AND BITS CELEBRATING OVER 40 YEARS OF DRILLING EXCELLENCE MINCON COM 24 PIT QUARRY May 2018 pitandquarry com
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