Coefficient Episode 1: What does it mean to be a truly data-driven business?

This episode is the first part of the interview with TheMathCompany Co-founder & CEO Sayandeb Banerjee, where he talks about what it means to be a truly data-driven business.

In the episode, Sayan talks about when—in his 25 years of experience in the field—he first realized the power of data. He tells us how he disagrees with the now overused expression “data is the new oil” and shares his own analogy for the importance of data in today’s world. We discuss the history of data recording, visualization and interpretation—in a society and business context.

He describes what a truly data-driven business would look like, and breaks down the journey an enterprise typically goes through on its journey from being data-ignorant to data-driven.

He also opens up about his opinion on whether a company should build its own data analytics capabilities or depend on external vendors, and TheMathCompany’s philosophy of promoting self-sufficiency in their clients.

You can read the full transcript of this episode here.

You can also find the video podcast on YouTube.