Business sense ‘beats data science’

From: The Australian | Business Review

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“In my experience in the financial services industry, we had a data science team at GE Capital and the guys were majors in mathematics, statistics but the struggle was that they rarely made a ­material impact when it came to business decisions.

“They take a ton of data to figure out where the value is but they take a bottoms-up approach. The issue is it’s very hard to teach statisticians the details and the nuances of a business.’’

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