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FINAL WORD
How a team of
data scientists
can make a
difference to
your bottom line
Data scientists are brought in by
businesses to find solutions to their
problems but both sides need to
be prepared for failures and hidden
opportunities along the way, explains
Islam Zeidan, General Manager UAE
and MEA, Teradata.
I
n today’s digital world of cloud, mobility, analytics and data,
the focus for both business and consumers is to find answers
to their problems. Just building a solution or buying devices
and applications, without coming up with an answer, in the shortest
possible time and most economical manner, will sooner or later
prove meaningless and futile. The upcoming field of data sciences
is focused on resolving problems raised by end-users, using a
number of tools such as Artificial Intelligence, Machine Learning,
and Deep Learning.
While there are myriad number of such tools available, selecting
the right tool, for the right problem and for the right data, will only
lead to a favourable outcome. The objective of any data scientist
is therefore to be successful in finding the right solution based on
the business expectation of the end-customer. The objective is
not to build complex models and complex solutions increasing the
challenges faced by end-customers.
By finding a solution to an end-customer’s business challenges,
data scientists can be enablers in their financial productivity. Even a
1% saving in direct costs can add to substantial profits at the end
of the year.
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