Gartner Research

How Data Science Projects Deliver Business Impacts

Published: 30 June 2015

ID: G00274703

Analyst(s): Alexander Linden

Summary

Analytics leaders need to understand the different business impacts that data science projects can deliver on business. We group them here into five: innovation, business understanding, prototyping, refinement and firefighting.

Table Of Contents
  • Impact

Analysis

Impacts and Recommendations

  • Data science projects can be characterized by their business impact, helping analytics leaders to understand the business benefits they deliver, from innovation and business understanding to prototyping, process refinement and firefighting
    • Innovation — Foster New Thinking Based on Data Science
    • Business Understanding — Explore Yet Unknown Patterns in Data
    • Prototyping — Challenge the Status Quo With Radical New Solutions
    • Refinement — Continuously Improve Existing In-Production Solutions
    • Firefighting — Identify the Drivers of Certain Upcoming Situations

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