Joe Thacker is the Founder of Fusion Analytics, a Canadian company that helps retailers use their data to make smarter decisions. Fusion Analytics has been named one of Canada’s fastest growing companies five years in a row. Joe shares how to get a grip on your data and be able to understand it. Does everyone really need a data scientist? It all depends on what kind of problem you’re trying to solve! Before you dive into the data, it’s important to first ask the right questions about what you’d like to achieve with it.
Key Takeaways:
● Data is exponentially growing, but it is important to not focus on what is available rather what you need. Start by asking what business problem you are trying to solve.
● Instincts are to go too deep too fast which makes you swim in a soup of data. Get alignment at the board and executive level first.
● Give your data scientist (could be internal or external) the problems you need to solve vs. the tools they need.
● Data scientist need so be able answer business questions using plain language (in a way you understand). This is a good screen for the right person for your team.
● Need to move from being a data scientist to an artist where you can take different points of data and turn it into a story
● Automation is changing the way we work and will continue to make more processes dynamic
● Embrace it knowing we are moving to automation and see how you can get involved or be on the forefront of innovation
● Stay until the end for some rapid fire questions with Joe!
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