How to Prioritize Projects | Data Science Hangout Highlights
RStudio is joined by Moody Hadi, Manager of New Product Development and Financial Engineering at S&P Intelligence, to discuss how data scientists can become leaders within their organizations. ► Subscribe to Our Channel Here: https://bit.ly/2TzgcOu Follow Us Here: Website: https://www.rstudio.com LinkedIn: https://www.linkedin.com/company/rstudio-pbc Twitter: https://twitter.com/rstudio
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Transcript#
This transcript was generated automatically and may contain errors.
Yeah, like, like, again, because I'm running a small team, my opportunity cost of someone failing, not because of them, but the data is actually high. So I don't have a like a bulletproof way to sort of prioritize projects. I mean, generally speaking, we try to look at revenue potential, is the data completely new? Or is it something that is new? And is it new and can be linked to something we already have?
Generally, if you get something that's sort of independent from the rest of the database, you're likely your value proposition is going to be much harder. But if it's something that is related to some of the companies we cover today, and they have other measures, then there's a higher success chances. But yeah, it's happened to me where you basically work on something for like, six months plus, and then you end up with like, well, I guess it didn't work.
it's happened to me where you basically work on something for like, six months plus, and then you end up with like, well, I guess it didn't work.
It's unfortunate, but I mean, it kind of comes back to the business side, because you kind of try to whoever's adding this project, you try to do your best to have them explain in very simple terms, what they want out of it. Right. And that's where I kind of use that sometimes when things kind of fall apart, they're not very well defined. And it's like, well, we really didn't know. So we tried and it took a while because of these complexities. And at least we found out that why we failed. So that's not really an opportunity anymore. So that way, you kind of dance a bit around the issue, right?
