High Signal: Data Science | Career | AI cover image

High Signal: Data Science | Career | AI

Episode 9: Why 90% of Data Science Fails—And How to Fix It -- With Eric Colson

Jan 30, 2025
Eric Colson, former Chief Algorithms Officer at Stitch Fix and VP of Data Science at Netflix, discusses why 90% of data science initiatives fail. He emphasizes the need to treat data scientists as strategic drivers rather than mere service providers. Colson highlights the power of cognitive repertoires in problem-solving and advocates for a culture of experimentation, where trial and error leads to innovation. He also shares insights on restructuring data teams to transform them from cost centers into revenue generators, enhancing business value through collaboration.
01:09:40

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

  • Empowering data scientists as strategic drivers rather than support functions unlocks their potential for business innovation and growth.
  • Emphasizing trial and error in data initiatives fosters a culture of experimentation, leading to more significant achievements despite typical failures.

Deep dives

The Role of Data Scientists in Organizations

Data scientists are often perceived as a support function rather than essential contributors in organizations. This role limits their potential as they primarily respond to requests from business teams, which can undervalue their insights and ideas. It is essential for organizations to recognize the dual flow of ideas, where data scientists should be allowed to contribute concepts that drive business strategy. Encouraging collaboration will not only harness their full capabilities but also unlock significant opportunities that may otherwise be overlooked.

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