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The Analytics Power Hour
The Analytics Power Hour

The Analytics Power Hour

Attend any conference for any topic and you will hear people saying after that the best and most informative discussions happened in the bar after the show. Read any business magazine and you will find an article saying something along the lines of "Business Analytics is the hottest job category out there, and there is a significant lack of people, process and best practice." In this case the conference was eMetrics, the bar was….multiple, and the attendees were Michael Helbling, Tim Wilson and Jim Cain (Co-Host Emeritus). After a few pints and a few hours of discussion about the cutting edge of digital analytics, they realized they might have something to contribute back to the community. This podcast is one of those contributions. Each episode is a closed topic and an open forum - the goal is for listeners to enjoy listening to Michael, Tim, and Moe share their thoughts and experiences and hopefully take away something to try at work the next day. We hope you enjoy listening to the Digital Analytics Power Hour.

Available Episodes 10

Seemingly straightforward data sets are seldom as simple as they initially appear. And, many an analysis has been tripped up by erroneous assumptions about either the data itself or about the business context in which that data exists. On this episode, Michael, Val, and Tim sat down with Viyaleta Apgar, Senior Manager of Analytics Solutions at Indeed.com, to discuss some antidotes to this very problem! Her structured approach to data discovery asks the analyst to outline what they know and don’t know, as well as how any biases or assumptions might impact their results before they dive into Exploratory Data Analysis (EDA). To Viyaleta, this isn’t just theory! She also shared stories of how she’s put this into practice with her business partners (NOT her stakeholders!) at Indeed.com. For complete show notes, including links to items mentioned in this episode and a transcript of the show, visit the show page.

Most of the time, we think of analytics as taking historical data for a business, munging it in various ways, and then using the results of that munging to make decisions. But, what if the business has no (or very little) historical data… because it's a startup? That's the situation venture capitalists — especially those focused on early stage startups — face constantly. We were curious as to how and where data and analytics play a role in such a world, and Sam Wong, a partner at Blackbird Ventures, joined Michael, Val, and Tim to explore the subject. Hypotheses and KPIs came up a lot, so our hypothesis that there was a relevant tie-in to the traditional focus of this show was validated, and, as a result, the valuation of the podcast itself tripled and we are accepting term sheets. For complete show notes, including links to items mentioned in this episode and a transcript of the show, visit the show page.

It's a lot of work to produce each episode of this show, so we were pretty sure that, by this time, we would have just turned the whole kit and kaboodle over to AI. Alas! It seems like the critical thinking and curiosity and mixing of different personalities in a discussion are safely human tasks… for now. Dr. Brandeis Marshall joined Michael, Julie, and Moe for a discussion about AI that, not surprisingly, got a little bleak at times, but it also had a fair amount of hope and handy perspectives through which to think about this space. We recommend listening to it rather than running the transcript through an LLM for a summary! For complete show notes, including links to items mentioned in this episode and a transcript of the show, visit the show page.

One of the biggest challenges for the analyst or data scientist is figuring out just how wide and just how deep to go with stakeholders when it comes to key (but, often, complicated) concepts that underpin the work that's being delivered to them. Tell them too little, and they may overinterpret or misinterpret what's been presented. Tell them too much, and they may tune out or fall asleep… and, as a result, overinterpret or misinterpret what's been presented. On this episode, Dr. Nicholas Cifuentes-Goodbody from WorldQuant University joined Julie, Val, and Tim to discuss how to effectively thread that particular needle. For complete show notes, including links to items mentioned in this episode and a transcript of the show, visit the show page.

We were curious about… curiosity. We know it's a critical trait for analysts, but is it an innate characteristic, a teachable skill, or some combination of both? We were curious. How can the breadth and depth of a candidate's curiosity be assessed as part of the interview process? We were curious. Who could we kick these questions (and others) around with? We were NOT curious about that! MaryBeth Maskovas, founder and Principal Consultant at Insight Lime Analytics, joined Michael, Julie, and Tim to explore the topic. For complete show notes, including links to items mentioned in this episode and a transcript of the show, visit the show page.

This topic was such a big deal that we managed to have no guests, and yet we had five people on the mic! Why? Because this episode doubles as a marker of a shift in the show itself. Beyond that, though, we had a lively discussion about how every business stakeholder professes to being committed to being data driven. That should make every stakeholder super easy to work with, right? And, yet, analysts often find themselves struggling to get on the same page with their counterparts due to the realities of the data: what it can and can't do and how it is most effectively worked with. Not a small topic! There were even pop quizzes (feel free to let us know how you'd score the answers)! For complete show notes, including links to items mentioned in this episode and a transcript of the show, visit the show page.

On the one hand, analysts generally know and accept that part of their responsibility is to not only conduct analyses, but to effectively communicate the results of those analyses to their stakeholders. On the other hand, "communication" can feel like a pretty squishy and nebulous skill. On this episode, Michael, Moe, and Tim tackled that nebulosity (side note: using obscure words is generally not an effective communication tactic). For complete show notes, including links to items mentioned in this episode and a transcript of the show, visit the show page.

To trust something, you need to understand it. And, to understand something, someone often has to explain it. When it comes to AI, explainability can be a real challenge (definitionally, a "black box" is unexplainable)! With AI getting new levels of press and prominence thanks to the explosion of generative AI platforms, the need for explainability continues to grow. But, it's just as important in more conventional situations. Dr. Janet Bastiman, the Chief Data Scientist at Napier, joined Moe and Tim to, well, explain the topic! For complete show notes, including links to items mentioned in this episode and a transcript of the show, visit the show page.

There comes a time in every analyst's career where they consider starting up their own consultancy. Or, if not that, then at least joining an agency or a consultancy. The nature of most businesses is to grow, and with growth comes the potential for an "exit." This episode dives into that world in an attempt to demystify some of the ins and outs of the acquisition of analytics consultancies, from the owners' perspectives, employees' perspectives, and acquiring companies' perspectives. Since these are all perspectives that none of your dear co-hosts really have, Bob Morris, the co-founder and managing partner for Bravery Group, joined us for a discussion of EBITDA, TTM, CIMs, and even aspects of the space that are not captured by acronyms! For complete show notes, including links to items mentioned in this episode and a transcript of the show, visit the show page.

What causes us to keep returning to the topic of causal inference on this show? DAG if we know! Whether or not you're familiar with directed acyclic graphs (or… DAGs) in the context of causal inference, this episode is likely for you! DJ Rich, a data scientist at Lyft, joined us to discuss causality — why it matters, why it's tricky, and what happens when you tackle causally modelling the complexity of a large-scale, two-sided market! For complete show notes, including links to items mentioned in this episode and a transcript of the show, visit the show page.