Data Science: 4 Reasons Why Most Are Failing to Deliver


One of today's organizational dilemmas: it's pretty well understood that data science is a key driver of innovation, but few organizations know how to consistently turn data science output into business value. Sixty percent of companies plan to double the size of their data science teams in 2018. Ninety percent believe data science contributes to business innovation. However, less than nine percent can actually quantify the business impact of all their models, and only 11 percent can claim more than 50 predictive models working in production. This data stems from a recent survey of more than 250 data science leaders and practitioners.