Real-time experience of a practitioner

Excessive Focus on Modeling Technique May Lead to Failure

Analytics Project | not only what we do, but also how we do it

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Photo by Jo Szczepanska on Unsplash

Despite the great excitement about big data, better analytics tools and the vast resources that many organizations are investing in growing their teams and technology, multiple surveys of data analytics groups report that most analytics projects fail to provide real business value. Max Henrion

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Challenges

Only 20% of the data science and analytics models actually get implemented

Analytics Project Management

Analytics Project Management

Methodological approach

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Realistic approach

Modeling is Iterative

“All models are wrong, but some are useful,” G.E. Box.

Monitoring and Controlling

Project Estimation

Data collection & exploration

When to give up?

Customer engagement

Key takeaways

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Conclusion

Written by

Data Science Practice Lead at KSG Analytics Pvt. Ltd.

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