Eric Colson

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.

Eric Colson, Chief Algorithms Officer at Stitch Fix, shares insights from his journey in data science, emphasizing the need for a robust organizational framework. He reveals three key principles for structuring data science teams that enhance decision-making. The conversation dives into the role of data science in recommendation systems, inventory management, and demand forecasting, showcasing how over 800 algorithms optimize operations. Colson also discusses the importance of collaboration and adaptability in developing innovative solutions.