Winning with (predictive) analytics is not much different from winning with beer.
15 minute key presentation by @pythongeert on Data Innovation Summit 2015 - Made in Belgium by datasciencebe.com
2. analytics
and beer
data innovation summit 2015 - made in belgium @pythongeert
this is not the first link
between analytics and
beer: in 1908, student’s
t-distribution
was developed by a
scientist hired by
guinness to optimize
brewing quality
3. trappist
data innovation summit 2015 - made in belgium @pythongeert
(often belgian) trappist
monks produce beer
that is considered the
best beer in the world
we’ve identified five key
success factors that are
common to winning with
beer and analytics
4. organization
“We are no brewers. We are
monks. We brew beer to be able
to afford being monks.”
data innovation summit 2015 - made in belgium @pythongeert
analytics is still not
considered strategic priority
for many organisations, but
the tide is changing
5. data
data innovation summit 2015 - made in belgium @pythongeert
this tide is changing mainly because
of the hype around big data. data (of
any size) provide the ingredients of
analytics. no more, no less, they are
one component of the success
this picture contains
hops, one of the key
ingredients for beer
6. technology
data innovation summit 2015 - made in belgium @pythongeert
the big data hype has
resulted in a big data
technology rush
but let’s not forget the
role of sound analytical
methodology
7. talent
data innovation summit 2015 - made in belgium @pythongeert
talent used to be scarce
but the number of
participants at this
summit proves otherwise despite the
challeging job
requirements
8. usage
talent data
technologyorganization
data innovation summit 2015 - made in belgium @pythongeert
the most
important
component
all models that
are not used,
are useless
it makes a lot of sense to value analysts on the
output used instead of the output produced