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D
ata scientists are numbers people. They have a deep understanding
of statistics and algorithms, programming and hacking, and
communication skills. Data science is about applying these three skill
sets in a disciplined and systematic manner, with the goal of improving an
aspect of the business. That’s the data science process
(https://www.springboard.com/blog/data-science-process/).
In order to stay abreast of industry trends, data scientists often turn to case
studies. Reviewing these is a helpful way for both aspiring and working data
scientists to challenge themselves and learn more about a particular field, a
different way of thinking, or ways to better their own company based on
similar experiences.
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22/05/2021 6 of my favorite case studies in Data Science
Data science is used by pretty much every industry out there. Insurance
claims analysts can use data science to identify fraudulent behavior, e-
commerce data scientists can build personalized experiences for their
customers, music streaming companies can use it to create different genres
of playlists—the possibilities are endless.
Allow us to share a few of our favorite data science case studies with you so
you can see first hand how companies across a variety of industries
leveraged big data to drive productivity, profits, and more.
Source | Gramener
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22/05/2021 6 of my favorite case studies in Data Science
Airbnb says that “we’re at a point where our infrastructure is stable, our tools
are sophisticated, and our warehouse is clean and reliable. We’re ready to
take on exciting new problems.”
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22/05/2021 6 of my favorite case studies in Data Science
3. Spotify’s “This Is” Playlists: The Ultimate Song Analysis For 50 Mainstream
Artists (https://towardsdatascience.com/spotifys-this-is-playlists-the-
ultimate-song-analysis-for-50-mainstream-artists-c569e41f8118)
If you’re a music lover, you’ve probably used Spotify at least once. If you’re a
regular user, you’ve likely taken note of their personalized playlists and been
impressed at how well the songs catered to your music preferences. But
have you ever thought about how Spotify categorizes their music? You can
thank their data science teams for that.
The goal of the “This Is” case study is to analyze the music of various Spotify
artists, segment the styles, and categorize them into by loudness,
danceability, energy, and more. To start, a data scientist looked at Spotify’s
API, which collects and provides data from Spotify’s music catalog. Once the
data researcher accessed the data from Spotify’s API, he:
Want a sneak peek at the results? James Arthur and Post Malone are in the
same cluster, Kendrick Lamar is the “fastest” artist, and Marshmello beat
Martin Garrix in the energy category.
One of the largest online travel agencies in the world generated the majority
of its revenue through its website and directed most of its resources there,
but its clients were still using offline channels such as faxes and phone calls
to ask questions. The agency brought in WNS, a travel-focused business
process management company, to help it determine how to rethink and
redesign its roadmap to capture missed revenue opportunities.
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22/05/2021 6 of my favorite case studies in Data Science
WNS determined that the agency lacked an adequate offline strategy, which
resulted in a dip in revenue and market share. After a deep dive into
customer segments, the performance of offline sales agents, ideal hours for
sales agents, and more, WNS was able to help the agency increase offline
revenue by 16 percent and increase conversion rates by 21 percent.
Kagan says his success was two-fold. This first part was having a product he
believed in. The second he attributes to “reverse engineering marketing.”
“The key focal point to this strategy is to work backward,” Kagan explained.
“Instead of starting with an intimidating zero playing on your mind, start at
the solution and map your plan back from there.”
He went on: “Think of it as a road trip. You start with a set destination in mind
and then plan your route there. You don’t get in your car and start driving
without in the hope that you magically end up where you wanted to be.”
One of the best ways to explain the benefits of data science to people who
don’t quite grasp the industry is by using Netflix-focused examples. Yes,
Netflix is the largest internet-television network in the world. But what most
people don’t realize is that, at its core, Netflix is a customer-focused, data-
driven business. Founded in 1997 as a mail-order DVD company, it now
boasts more than 53 million members in approximately 50 countries.
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22/05/2021 6 of my favorite case studies in Data Science
If you watch The Fast and The Furious on Friday night, Netflix will likely serve
up a Mark Wahlberg movie among your personalized recommendations for
Saturday night. This is due to data science. But did you know that the
company also uses its data insights to inform the way it buys, licenses, and
creates new content? House of Cards and Orange is the New Black are two
examples of how the company leveraged big data to understand its
subscribers and cater to their needs. The company’s most-watched shows
are generated from recommendations, which in turn foster consumer
engagement and loyalty. This is why the company is constantly working on
its recommendation engines.
The Netflix story is a perfect case study for those who require engaged
audiences in order to survive.
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22/05/2021 6 of my favorite case studies in Data Science
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experience-a-new-marketing- need-a-physical-security-system-
strategy-for-your-brand/) here-is-why/)
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