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Vineet Raina - Building an Effective Data Science Practice: A Framework to Bootstrap and Manage a Successful Data Science Practice

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Vineet Raina Building an Effective Data Science Practice: A Framework to Bootstrap and Manage a Successful Data Science Practice
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Gain a deep understanding of data science and the thought process needed to solve problems in that field using the required techniques, technologies and skills that go into forming an interdisciplinary team. This book will enable you to set up an effective team of engineers, data scientists, analysts, and other stakeholders that can collaborate effectively on crucial aspects such as problem formulation, execution of experiments, and model performance evaluation.

Youll start by delving into the fundamentals of data science classes of data science problems, data science techniques and their applications and gradually build up to building a professional reference operating model for a data science function in an organization. This operating model covers the roles and skills required in a team, the techniques and technologies they use, and the best practices typically followed in executing data science projects.

Building an Effective Data Science Practice provides a common base of reference knowledge and solutions, and addresses the kinds of challenges that arise to ensure your data science team is both productive and aligned with the business goals from the very start. Reinforced with real examples, this book allows you to confidently determine the strategic answers to effectively align your business goals with the operations of the data science practice.

What Youll Learn

  • Transform business objectives into concrete problems that can be solved using data science
  • Evaluate how problems and the specifics of a business drive the techniques and model evaluation guidelines used in a project
  • Build and operate an effective interdisciplinary data science team within an organization
  • Evaluating the progress of the team towards the business RoI
  • Understand the important regulatory aspects that are applicable to a data science practice

Who This Book Is For

Technology leaders, data scientists, and project managers

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Book cover of Building an Effective Data Science Practice Vineet Raina and - photo 1
Book cover of Building an Effective Data Science Practice
Vineet Raina and Srinath Krishnamurthy
Building an Effective Data Science Practice
A Framework to Bootstrap and Manage a Successful Data Science Practice
Logo of the publisher Vineet Raina Pune India Srinath Krishnamurthy - photo 2
Logo of the publisher
Vineet Raina
Pune, India
Srinath Krishnamurthy
Pune, India
ISBN 978-1-4842-7418-7 e-ISBN 978-1-4842-7419-4
https://doi.org/10.1007/978-1-4842-7419-4
Vineet Raina and Srinath Krishnamurthy 2022
This work is subject to copyright. All rights are solely and exclusively licensed by the Publisher, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed.
The use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use.
The publisher, the authors and the editors are safe to assume that the advice and information in this book are believed to be true and accurate at the date of publication. Neither the publisher nor the authors or the editors give a warranty, expressed or implied, with respect to the material contained herein or for any errors or omissions that may have been made. The publisher remains neutral with regard to jurisdictional claims in published maps and institutional affiliations.

This Apress imprint is published by the registered company APress Media, LLC part of Springer Nature.

The registered company address is: 1 New York Plaza, New York, NY 10004, U.S.A.

Introduction
An increasing number and variety of organizations are eager to adopt data science now, regardless of their size and sector. In our collaborations and discussions with technology leaders from various companies, we noticed some recurring patterns:
  • Theyre convinced that their business will benefit from data science, but are not sure of the best way to get started and do not have a sufficiently clear picture of what the overall data science journey would involve.

  • They have a few problems that they believe can best be solved using data science, but given the low success rate as reported by numerous publications, they are wary of investing before having more clarity about what they are getting into.

  • Theyve started doing data science but are unsure of whether the efforts are on track toward an anticipated business RoI. Generally, they are seeking ways to make the progress of their data science team more transparent and effective.

Our experience working closely with technology leaders from diverse backgrounds to solve problems using data science and addressing the previously mentioned aspects while doing so gave rise to this book.

Who This Book Is For

This book is primarily intended for technology leaders who are considering incubating data science in their organization or are in the early stages of their data science journey: this book is intended to act as a guide for you and your formative team. You would need an intuitive understanding of techniques/technologies of data science, on one side, and, on the other side, the skill to apply this understanding to achieve the business goals. Based on our experience, we believe that it is possible to inculcate this intuitive understanding and the data science thought process as well as the skill to apply it to business, without getting into coding or advanced mathematics. This book accordingly aims at imparting all these skills in an intuitive way a focus of our technical coverage in this book (including the examples given) is to make it easier to grasp the underlying concepts.

We also anticipate this book to be useful to the members of a data science team: you will broaden your awareness of the overall technical ecosystem required to create an end-to-end solution using data science. Also, you can find examples that indicate how the business goals influence the choice of techniques and technologies synergy between the business and data science is essential to apply data science effectively to the business.

Finally, this book especially Part 4 would also be useful to project managers who coordinate end-to-end projects that leverage data science. Similarly, technology evangelists interested in the areas of data and analytics, AI (artificial intelligence), etc., would find this book useful in broadening their horizons.

How This Book Is Organized

This book is organized into four parts as follows:

Part 1: Fundamentals (Chapters)

This part introduces data science and attempts to dispel the terminology chaos around data science. It discusses the applicability and usefulness of data science for business and how the data science culture depends on the business.

Part 2: Classes of Problems (Chapters)

After talking about the general benefits of data science for business in Part 1, this part intends to give a more concrete picture of the various classes of problems that can be solved using data science. It has one chapter dedicated to one class of problem each chapter establishes a business motive and then transforms that motive to a concrete data science problem and shows how it could be solved. This part is primarily intended to illustrate and inculcate the thought process that goes into mapping a business problem to a data science problem and the steps involved in solving it.

Part 3: Techniques and Technologies (Chapters)

The previous part demonstrates how solving data science problems effectively depends on a good intuitive understanding of various techniques belonging to the field of data science. This part attempts to impart this intuitive understanding of the basic principles of various techniques in data science. It also talks about the technologies (libraries, tools, etc.) that help you apply these techniques. This conceptual understanding is also important for you to understand which type of techniques/technologies could be more applicable to the data science culture in your organization.

Part 4: Building Teams and Executing Projects (Chapters)

After covering the business and technical aspects of data science, this concluding part discusses practical aspects that are important for doing data science effectively. It talks about the various skills essential for different roles in data science teams and how such teams are typically structured for effective execution. It also talks about the different types of data science projects that your data science team would work on and various aspects of ensuring data quality that are indispensable for success in data science. It concludes with some legal and regulatory aspects that are important for you to be aware of while working on data science projects, including the recent thrust toward explainable AI.

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