October 2, 2020 in Resoundingly Human
What makes an analytics project great?
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https://doi.org/10.1287/orms.2020.05.26p
Some of the big factors I like to see are, is it a new domain? Are we having a new problem, either a new business opportunity or a new data set, or a new algorithm which has just become available? So is this something new? We are also looking very much to define the problem correctly and understand what success looks like. If you don’t have the problem properly defined, you’re going to solve the wrong thing and end up on the wrong road at the wrong destination. And then the last thing I would say a great analytics project has, is understanding its almost never once and done.
From large scale analytics projects that have a lifesaving impact, or realize millions of dollars in savings, or transform an entire industry, to those that simply help an organization better utilize its data and improve its day-to-day functionality, how is success measured?
Joining me for this episode are Pooja Dewan, Vice President and Chief Data Analytics Officer with Otis Elevator, and Carrie Beam Teaching Associate Professor at the University of Arkansas and Principal of Carrie Beam Consulting.
Both Pooja and Carrie have played a pivotal role in the Franz Edelman Award competition over the years. Pooja served as the 2019 and 2020 Competition Chair and Carrie coached the 2019 winning team and will be the 2021 Competition Chair. They both have also served as competition judges on multiple occasions.
Want to learn more? Check out the additional links and resources below for more information about what was discussed in this episode.
Learn more about the INFORMS Franz Edelman Award & Competition
Ashley Kilgore has more than a decade of experience in nonprofit communications and public relations, to include print, radio, video, and web. Contact Ashley Kilgore.