what every product manager needs to know about data science (productcamp boston 2016)
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bittenlabs © 2016
What every product managerneeds to know
about data science
Trevor BassBitten Labs
[email protected]://bittenlabs.com
![Page 2: What every product manager needs to know about data science (ProductCamp Boston 2016)](https://reader035.vdocuments.site/reader035/viewer/2022062503/5872b99a1a28ab523c8b74ed/html5/thumbnails/2.jpg)
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Bitten Labs• Data science management consultancy,
education provider, innovation lab• Specialize in early and growth stage data
science competencies
Trevor Bass• Data scientist with a decade of
experience building successful products and teams in a variety of industries
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bittenlabs © 2016 Source: xkcd.com
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bittenlabs © 2016 Source: marriedtothesea.com
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“We are drowning in information but starved for knowledge.”- John Naisbitt
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“...since chocolate consumption has been documented to improve cognitive function, it seems most likely that in a dose-dependent way, chocolate intake provides the abundant fertile ground needed for the sprouting of Nobel laureates.”
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From absurdist scientific humor publication top medical journal:
Messerli, Frank. “Chocolate Consumption, Cognitive Function, and Nobel Laureates.” The New England Journal of Medicine 367 (2012): 1562-1564.
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Quantitative arguments making people’s brains turn off
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#1Data science is about insight
(e.g. not information, not technology)
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+data+science
Source: Drew Conway
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#2The best insights are actionable
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bittenlabs © 2016 Source: xkcd.com
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Goal: data value
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#3Data products are awesome
(and your product can probably be one)
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What is a data product?• Data products: products that derive
substantial value from analytics• Data products ≠ information products
Example• Information product: Google Analytics• Data product: Google Search
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“The future belongs to the companies and people that turn data into products.”- Mike Loukides, O’Reilly
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#4Pipes are key
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Better pipes > better insights
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#5Start with your core competency
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#6Data products are hard
(you need data science help with everything, throughout the lifecycle and
the organization)
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#7There is a communication gap
(and you may not know it, and it matters a lot)
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“Data science is a team sport.”- DJ Patil, U.S. Chief Data Scientist
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#8Data science literacy is important
and attainable(ditto for data scientists w.r.t. product
literacy)
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Data science literacy• Solving problems with data• Data• Statistics• Visualization• Data analysis methods• Toolsets
Making data science work• Applying data science• Organizing data science• Maturing analytically
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#9Good PMs copy; great PMs steal
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#10Data science initiatives are like
startups
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#11Product managers are critical
(for both the product and the organization)
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Data science is about insightThe best insights are actionableData products are awesomePipes are keyStart with your core competency Data products are hardThere is a communication gapData literacy is important and attainable Good PMs copy; great PMs stealData science initiatives are like startupsProduct managers are critical
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bittenlabs © 2016
What every product managerneeds to know
about data science
Trevor BassBitten Labs
[email protected]://bittenlabs.com