VP of Science Delivery
To successfully adopt big data and advanced science technologies, businesses need to have a data-driven culture. This means having sustained support from executives, laid out objectives with strategic goals, and a dedicated, multi-faceted team (Check out our blog on creating a data science team in retail here).
Today, many retailers struggle to make analytics part of their culture because they are just looking for quick data fixes, gatekeep data from employees out of fear of sharing sensitive information, and switch from system to system each time leadership is shuffled.
If you really want to excel in data science, it has to become part of your company DNA!
Data, science, technologies and business processes need to align. Solutions that do not adhere to operational constraints or account for downstream systems usage can be suboptimal at best, downright harmful at worst.
If the system is a black box, gives confusing results and/or throws many exceptions that users have to override, they will quickly lose confidence. The system must make life easier for users, not harder.
It can be hard to measure benefit, and this cannot be an afterthought. Good data science can get thrown out and bad can stay in without consistent and continual performance measurement.
Typically, there is no consistent language or definitions around analytics/data science/big data.
Vendors are anxious to boot out competition, not always forthright. Additionally, they typically do not speak retail and may not solve a problem as the business wants it solved.
Technology is a moving target, making technology and data science expertise hard to find, and even harder to retain. (To learn more about technology advancing, check out one of our blogs on the analytics evolution and its impact on retailers).
Cognira is the leading artificial intelligence solutions provider for retailers. Cognira is passionate about helping retailers unlock valuable, transformative business insights from their data.
We know retail. We love data.
To learn more, check out our website at cognira.com or contact us today to get started.
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Founded by experienced data scientists and retail experts, Cognira is the leading artificial intelligence solutions provider.