Today I’m chatting with returning guest Tom Davenport, who is a Distinguished Professor at Babson College, a Visiting Professor at Oxford, a Research Fellow at MIT, and a Senior Advisor to Deloitte’s AI practice. He is also the author of three new books (!) on AI and in this episode, we’re discussing the role of product orientation in enterprise data science teams, the skills required, what he’s seeing in the wild in terms of teams adopting this approach, and the value it can create. Back in episode 26, Tom was a guest on my show and he gave the data science/analytics industry an approximate “2 out of 10” rating in terms of its ability to generate value with data. So, naturally, I asked him for an update on that rating, and he kindly obliged. How are you all doing? Listen in to find out!

Highlights / Skip to:

• Tom provides an updated rating (between 1-10) as to how well he thinks data science and analytics teams are doing these days at creating economic value (00:44)

• “Data science in general, I think has been focused heavily on motivation to fit lines and curves to data points, and that particular motivation certainly isn’t enough in that even if you create a good model that fits the data, it doesn’t mean at all that is going to produce any economic value.” – Tom Davenport  (03:05)
  

• “[PM is] a hard thing, even for people in non-technical roles, because product management has always been a sort of ‘minister without portfolio’ sort of job, and you know, influence without formal authority, where you are responsible for a lot of things happening, but the people don’t report to you, generally.” – Tom Davenport (22:03)

• “This collaboration between a human being making a decision and an AI system that might in some cases come up with a different decision but can’t explain itself, that’s a really tough thing to do [well].” – Tom Davenport (28:04)
  

• “I think it’s unlikely that [organizational gaps] are going to be successfully addressed by merging everybody together in one organization. I think that’s what product managers do is they try to address those gaps in the organization and develop a process that makes coordination at least possible, if not true, all the time.” – Tom Davenport (36:49)

• Tom’s LinkedIn: https://www.linkedin.com/in/davenporttom/