Here it is: the m2hycon blog! After 25 years in mathematical consulting for companies, we have now decided to use this medium as well. There are two reasons for this: Firstly, we are increasingly hearing that data science projects (for a variety of reasons) are unfortunately not as successful as they could be. On the other hand, the current coronavirus pandemic means that traditional and popular exchange formats such as conferences, trade fairs and meet-ups are no longer available. What do we want to achieve with our blog?
In our day-to-day work and in discussions with partners, customers and colleagues, we realize how difficult it often is for companies to develop data-driven products and processes. With our blog, we want to show in an honest way that there are also positive examples of how we can overcome obstacles in the project, what the work of our data engineers and scientists looks like and what types of solutions we develop for this. Since we are a team of mathematicians and computer scientists, no glossy marketing reports will appear here. Rather, we are interested in presenting a realistic picture of our work, reviving the “open source idea” for our diverse experiences and stimulating one or two exchanges.
For us, a successful data science project means creating innovative new products from data. There can be many goals at the end of the digital journey: Costs down – revenues up – more fairness in decisions – less environmental impact – more effective ways of working – and and and and… . To do this, it is helpful to completely rethink solutions and still incorporate the many years of experience of the technical experts into the design. The possibilities of today’s IT should be exploited to the maximum and enable unprecedented efficiency. This new knowledge generated by algorithms gives rise to new processes, better decisions and even new types of products. The conditions for this have never been as good as they are today and we are convinced that the successful algorithmization of business processes and decisions will be a key competitive advantage in the coming years. We hope you enjoy reading it and look forward to your feedback and exchange!
m2hycon is a mathematical consultancy that offers all activities from the first prototype to the production code. This includes data science, data engineering, DevOps, project management, requirements analysis and interim and transformation management. The name always says it all: “hycon” stands for hybrid consulting and already makes it clear that data science solutions cannot achieve their full effect without the right industrial embedding in the specialist processes. A joint integrated view of the organization and its processes with the appropriate mathematical solution method is essential for an outstanding solution.
