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bittenlabs © 2016 What every product manager needs to know about data science Trevor Bass Bitten Labs [email protected] http://bittenlabs.com

What every product manager needs to know about data science (ProductCamp Boston 2016)

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Page 1: What every product manager needs to know about data science (ProductCamp Boston 2016)

bittenlabs © 2016

What every product managerneeds to know

about data science

Trevor BassBitten Labs

[email protected]://bittenlabs.com

Page 2: What every product manager needs to know about data science (ProductCamp Boston 2016)

bittenlabs © 2016

Bitten Labs• Data science management consultancy,

education provider, innovation lab• Specialize in early and growth stage data

science competencies

Trevor Bass• Data scientist with a decade of

experience building successful products and teams in a variety of industries

Page 3: What every product manager needs to know about data science (ProductCamp Boston 2016)

bittenlabs © 2016 Source: xkcd.com

Page 4: What every product manager needs to know about data science (ProductCamp Boston 2016)

bittenlabs © 2016 Source: marriedtothesea.com

Page 5: What every product manager needs to know about data science (ProductCamp Boston 2016)

bittenlabs © 2016

Page 6: What every product manager needs to know about data science (ProductCamp Boston 2016)

bittenlabs © 2016

“We are drowning in information but starved for knowledge.”- John Naisbitt

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Page 8: What every product manager needs to know about data science (ProductCamp Boston 2016)

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“...since chocolate consumption has been documented to improve cognitive function, it seems most likely that in a dose-dependent way, chocolate intake provides the abundant fertile ground needed for the sprouting of Nobel laureates.”

Page 9: What every product manager needs to know about data science (ProductCamp Boston 2016)

bittenlabs © 2016

From absurdist scientific humor publication top medical journal:

Messerli, Frank. “Chocolate Consumption, Cognitive Function, and Nobel Laureates.” The New England Journal of Medicine 367 (2012): 1562-1564.

Page 10: What every product manager needs to know about data science (ProductCamp Boston 2016)

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Quantitative arguments making people’s brains turn off

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#1Data science is about insight

(e.g. not information, not technology)

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+data+science

Source: Drew Conway

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#2The best insights are actionable

Page 15: What every product manager needs to know about data science (ProductCamp Boston 2016)

bittenlabs © 2016 Source: xkcd.com

Page 16: What every product manager needs to know about data science (ProductCamp Boston 2016)

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Goal: data value

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#3Data products are awesome

(and your product can probably be one)

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What is a data product?• Data products: products that derive

substantial value from analytics• Data products ≠ information products

Example• Information product: Google Analytics• Data product: Google Search

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“The future belongs to the companies and people that turn data into products.”- Mike Loukides, O’Reilly

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#4Pipes are key

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Better pipes > better insights

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#5Start with your core competency

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#6Data products are hard

(you need data science help with everything, throughout the lifecycle and

the organization)

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#7There is a communication gap

(and you may not know it, and it matters a lot)

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“Data science is a team sport.”- DJ Patil, U.S. Chief Data Scientist

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#8Data science literacy is important

and attainable(ditto for data scientists w.r.t. product

literacy)

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Data science literacy• Solving problems with data• Data• Statistics• Visualization• Data analysis methods• Toolsets

Making data science work• Applying data science• Organizing data science• Maturing analytically

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#9Good PMs copy; great PMs steal

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#10Data science initiatives are like

startups

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#11Product managers are critical

(for both the product and the organization)

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Data science is about insightThe best insights are actionableData products are awesomePipes are keyStart with your core competency Data products are hardThere is a communication gapData literacy is important and attainable Good PMs copy; great PMs stealData science initiatives are like startupsProduct managers are critical

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Page 40: What every product manager needs to know about data science (ProductCamp Boston 2016)

bittenlabs © 2016

What every product managerneeds to know

about data science

Trevor BassBitten Labs

[email protected]://bittenlabs.com