Many people talk about strategy nowadays, from the strategy of a marketing campaign to business strategy, and even content strategy. However, strategy is a more general concept that finds application in many other areas, including data science. In this article, we'll look at how strategy relates to data science work, as well as data science learning.
Strategy is being able to analyze a situation, create a plan of action around it, and following that plan. Strategy is relevant when there are other people (players) involved, as it deals with the dynamics of the interactions among all these people. It's a vast field, often associated with Game Theory, the brainchild of John Nash, considered to be one of the best modern Mathematicians (he even won the Nobel prize for this work, once his work's applications in Economics were discovered). In any case, strategy is not something to be taken lightly, even if there are more lighthearted applications of it out there, such as strategy games, something about which I'm passionate.
Strategy applies to data science too, however, as the latter is a complex matter that also involves lots of people (e.g., the project stakeholders). Thinking about data science strategically is all about understanding the risks involved, the various options available, and employing foresight in your every action as a data scientist. It's not just a responsible role (esp. when dealing with sensitive data) but also a role crucial in many organizations. After all, in many cases, it's us who deliver insights that effect changes in the organization or bring about valuable (and often profitable) products or services, which the organization can market to its clients.
Strategy in data science is all about thinking outside the box and understanding the bigger picture. It's not just the datasets at hand that matter, but how they are leveraged and used to build valuable data products. It's about mining them for insights significant to the stakeholders instead of coming up with findings of limited importance. Data science is practical and hands-on, just like the strategies that revolve around it.
Strategy in data science is also relevant to how we learn it. We may go for the more established option of doing a course on it and reading a textbook or two that the instructor recommends. However, this is just one strategy and perhaps not the best one for you. Mentoring is another strategy that's becoming increasingly important these days since it's more hands-on and personal in the sense that it addresses specific issues that you as a learner have throughout your assimilating of the newfound data science knowledge. Another powerful strategy is videos and quizzes that provide you with valuable knowledge and know-how, which enable you to get a more intuitive understanding of a data science topic. Of course, there is also the strategy of combining two or more such strategies for a more holistic approach to data science learning.
Choosing a strategy for your data science work or your data science learning isn't easy. This matter is something you often need to think about and evaluate over several days. In any case, usually data science educational material can help you in that and can also supplement your work, enriching your skill-set. Some such material you can find among the books I've published as well as the video courses I've created (e.g., those on Cybersecurity). I hope they can help you in your data science journey and make it easier and more enjoyable. Cheers!
Zacharias Voulgaris, PhD
Passionate data scientist with a foxy approach to technology, particularly related to A.I.