Don’t tell my wife, but I think I’m in love. Federal Reserve Chair Janet Yellen uses a dashboard of jobs data that doesn’t just rely upon a single measure (unemployment rate) to make economic and labor policy decisions. Instead, she uses a dozen different measures to provide a more holistic, more accurate, and hopefully more actionable view of the United States economic situation. She’s a data scientist at heart that realizes that a single measure of anything complex—whether it’s the U.S. economy or even things like customer satisfaction and predictive maintenance—is oversimplifying something to the point of not being useful or actionable.
Chief Technology Officer, Global Services Big Data Practice
Latest posts by Bill Schmarzo (see all)
- Realizing The Potential of Data Monetization…Do I Have Your Attention Now? - March 20, 2017
- What’s Driving the Data Lake? - March 23, 2015
- Data Lake: Platform for Business Transformation - February 19, 2015
- Business Intelligence Analyst or Data Scientist? What’s the Difference? - August 21, 2014
- Data Science: The More Data, the Better - August 8, 2014