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Coaching in business
We all know about business coaching. Business coaches help entrepreneurs and executives develop skills and improve their planning and decision making. This help takes place because of two reasons:
- The business coach has more immediate experience in business, hence is able to provide advice on business planning, strategy marketing, sales, etc.
- The business coach is not an entrepreneur himself, but is is good in teaching necessary skills (e.g. communication) or offering a third-person’s perspective.
Business coaching and mentoring can be a very useful and even transformative experience for both the entrepreneur, and the organisation.
However, what happens with more technical aspects of a business? In most industries, executives shy away from the technical aspects of a business. Why should a product manager know how an app is written? This is obviously the job of a specialist. However, data science changes this.
Data science: Between technology and business
Data science is in a unique position in the modern enterprise. It is, without doubt, a technical subject that can directly influence business strategy and decisions. A decision maker that does not have the necessary knowledge to understand how data science relates to business, is paving the way for lots of mistakes.
In my book, the Decision Maker’s Handbook to Data Science, I give an example of a company that wants to build a recommender system, but didn’t follow the right data strategy. When the time comes to hire a data scientist, the data scientist will have to spend lots of time understanding the data and restructuring it in a way that is useful, which is a waste of time and money. It is the decision maker who is responsible for hiring the right people and building up the data strategy.
Another example is that of a project that happened a few years ago. I had been called to perform a statistical analysis of the differences between genders on a web service. However, the platform was not recording gender as a variable! Therefore, what would have been a very easy project, turned into a very complicated one where we had to extract genders from registries of first names.
Finally, another example is that of inter-relationship between UX/UI and data collection. If you are the CEO of a B2C app, the way it the interface is structured is going to influence how you collect data, as well as how machine learning will be serviced over to the client. Are you going to display recommendations like Amazon (e.g. users who bought X also bought Y), or like Netflix, where the items will be tiled across the screen?
The importance of data science coaching
So, what is data science coaching?
So, what is data science coaching? Data science coaching is about merging together elements of business coaching and deep technical expertise in the area of data science consultancy. It is about simplifying difficult technical topics, in a way that a decision maker can relate to and understand how different technologies can have an impact in the organisation.
Data science and deep tech coaching can be the difference between organisations that successfully undergo a digital transformation, and organisations that simply stay behind. This is the work that I have been doing with The Tesseract Academy for so long, and the feedback that I’ve had from our clients, has convinced me that data science coaching is something that will be coming up more and more often in the world of business.