From the course: The Data Science Playbook for Private Equity and Venture Capital

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Developing a data science playbook for portfolios

Developing a data science playbook for portfolios

- Let's talk more about data science playbooks. Private equity firms are very skilled at implementing procurement playbooks. That is they have specific processes in place for assessing, prioritizing, and implementing opportunities to improve portfolio company procurement processes. Usually, these procurement playbooks are implemented right after acquisition and can show meaningful cost savings quickly. A playbook for data science is a similar idea that some private equity firms have developed. These data science playbooks allow companies to systematically assess data related opportunities across their portfolio, review a set of potential processes and solutions, and to implement change quickly. Much of the value in the data science playbook leverages the private equity and venture capital firm's convening ability and the potential for cross-learning to add value to individual companies, as well as across the entire…

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