The Decision Intelligence Lab
The Decision Intelligence Lab
Podcast Description
The Decision Intelligence Lab explores practical challenges of applying data science, analytics, and AI to drive real-world business outcomes.
Hosted by Prof. Michael Watson (Northwestern University) and Prof. Vijay Mehrotra (University of San Francisco) — both seasoned entrepreneurs, consultants, and researchers — this podcast delivers real-world insights for data professionals, business leaders, & anyone seeking to leverage data for smarter decision making. Each episode features leaders sharing how smarter decisions are reshaping business and technology. Subscribe to join the conversation.
Podcast Insights
Content Themes
The podcast explores themes like the impact of AI on engineering education, the factors that lead to data science project failures, and risk management in AI projects. Specific episodes have discussed topics such as the importance of resiliency in engineering, organizational maturity's role in data science success, and frameworks for risk mitigation like the Princeton 20.
The Decision Intelligence Lab explores practical challenges of applying data science, analytics, and AI to drive real-world business outcomes.
Hosted by Prof. Michael Watson (Northwestern University) and Prof. Vijay Mehrotra (University of San Francisco) — both seasoned entrepreneurs, consultants, and researchers — this podcast delivers real-world insights for data professionals, business leaders, & anyone seeking to leverage data for smarter decision making. Each episode features leaders sharing how smarter decisions are reshaping business and technology. Subscribe to join the conversation.
Make better business decisions with data and AI—subscribe to The Decision Intelligence Lab Newsletter at https://decisionintelligencelab.substack.com/.
In this episode of the Decision Intelligence Lab Podcast, Vijay Mehrotra and Michael Watson sit down with Evan Shellshear, Principal at BCGX (BCG’s technology innovation arm) and co-author of Why Data Science Projects Fail.
Evan shares lessons from working on large-scale AI and optimization projects across industries like mining, supply chains, and retail, including a fascinating case study with Rio Tinto’s massive autonomous mining operation in Western Australia.
The conversation dives into why most AI and data science projects fail, the critical role of organizational change, and how companies can move beyond “pilot purgatory” to deliver real business value from AI.
Evan also explains BCG’s 70-20-10 rule for AI transformations, why executives should focus on value before technology, and how successful organizations redesign their operating models to fully leverage AI.
If you work in data science, AI, operations research, or digital transformation, this episode offers practical insights from real-world deployments at a global scale.
Chapters
0:00 – Preview & Introduction
0:48 – Meet Evan and BCGX's Overview
3:09 – The Scale of Rio Tinto’s Mining Operations
5:15 – Tackling Large-Scale Scheduling Problems
7:04 – The 70-20-10 Rule of AI Projects
11:30 – Combining Technical and Consulting Teams
14:28 – Proving Business Value Before Building Tools
17:36 – Escaping AI Pilot Purgatory
20:40 – Deploy, Reshape, and Invent Framework
22:45 – Balancing Speed and Transformation
25:35 – Maintaining AI Systems Long Term
28:48 – The Problem with Cheap Consulting
31:41 – Building Better Algorithms When Value Is Clear
33:44 – Retail Pricing Optimization Case Study
38:38 – Book Recommendations and Closing Thoughts
Follow the show
Apple: https://podcasts.apple.com/in/podcast/the-decision-intelligence-lab/id1811085064
Spotify: https://open.spotify.com/show/0lFoAVKqJHTYSZNpeN61ou?si=0ae973aab0174b3b
Connect with the guest
Evan Shellshear: https://www.linkedin.com/in/eshellshear/
Connect with hosts
Prof. Vijay Mehrotra (University of San Francisco): https://www.linkedin.com/in/vijay-mehrotra-ba9498/
Prof. Michael Watson (Northwestern University): https://www.linkedin.com/in/michael-watson-07600a1
About the podcast
The Decision Intelligence Lab podcast delivers real-world insights for data professionals, business leaders, and anyone seeking to leverage data & AI for smarter decision-making & successful business outcomes.
For business inquiries, email at [email protected]
Disclaimer
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