Earlier quoted context omitted.
Curious if there is a correlation with companies that failed to capitalize with the ones who relied on consultants versus really reshaping their own people. I worked for a financial services co that saw massive gains from big data/ML/AWS. Given, we were already using statistical models for everything, we just now could build more powerful features, more complex models, and move many things to more-real time, with mor…
>Curious if there is a correlation with companies that failed to capitalize with the ones who relied on consultants versus really reshaping their own people. I've worked in Data Science customers facing roles for 2 companies, and one anecdotal correlation between success with Stats/ML/AI I've seen is how "Data Driven" people really are for their daily decision making. The more data driven you are, the more likely you…
In my former space (credit card fraud detection and underwriting), you obviously need a data driven solution. Without even considering latency requirements, you aren't do 6-10B manual decisions/year. The rationale for a more complex ML approach is easier to prove the ROI for, given the need is already there, just with an inferior technical solution.