Building a data science product is quite like constructing your home. Using this analogy let’s look at the five roles and skills that the best data science teams hire for.
The CEO of a large financial services firm was a big supporter of advanced analytics. He decided to get his organization started on the path towards data science.
How did the organization plan this journey? By recruiting data scientists, of course! They hired 1000 data scientists, each at an average cost of $250,000 a year. Data scientists are hard to come by, so the CEO was very proud of this achievement.
Several months and millions of dollars later, the business benefits were not there. And upon further investigation, the organization found that these ‘experts’ were not data scientists at all!
McKinsey reports that neither this firm’s CEO nor the human resources group understood