Statistics classes don???t teach you about money

Statistics and data science classes don’t do much to prepare students for hashing out project specifications on the job. Here are a few problems:

  • They teach you to take the problem statement for granted, but what if your boss doesn’t have the skills to make sensible requests?
  • They don’t teach you about money and data budgeting, so you learn how to calculate the ideal data requirements but not the cost-benefit thinking that you’ll need for finding a practical approach in a business setting.
  • They don’t teach you negotiation skills, especially the flexibility that helps you navigate the gray areas of negotiating a workable budget to execute data collection.

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