Dec 19, 2018
08:00 AM - 09:00 AM
Which Part of Your Data Analytics Dollar is Wasted? - Decision Analysis as Guidance for Data Analysis
SDP Free Webinar
19 Dec, 2018 | 8:00 am PT / 11:00 am ET
Speaker: Robert D. Brown III, Senior Consultant, Endeavor Management
Moderator: Patrick Leach, Independent Strategy Consultant and Adjunct Faculty, Colorado School of Mines
Big Data, machine learning, and data science are all the rage and seem to be making promises to alleviate the problems of biased and ad hoc decision making. Unfortunately, the statistics regarding the success rate of these initiatives isn't so optimistic. Together decision analysts and data analysts can improve the effectiveness of data analytics investments by following the principles of Decision Quality by clarifying why the data analytics initiatives are important to the business, how much to spend on acquiring data, and by prioritizing our initiatives according to their marginal contribution of value from a portfolio perspective.