🔍Marketplaces take away the friction of finding a service or product by matching buyers and sellers.
📊Data science is integral to finding and making matches in marketplaces.
🔄Feedback and ratings help improve future matches in marketplaces.
💼Marketplaces have customers on both sides - buyers and sellers.
🔑Marketplaces rely on algorithms and data science to solve the problems of finding and making matches.
Who are the customers of marketplaces?
—The customers of marketplaces are both the buyers and sellers on the platform.
What role does data science play in marketplaces?
—Data science is crucial in finding and making matches, as well as learning from feedback to improve future matches.
How do marketplaces take away friction?
—Marketplaces take away friction by matching buyers with sellers, making it easier to find a service or product.
What is the importance of feedback in marketplaces?
—Feedback helps marketplaces improve future matches and provide a better experience for both buyers and sellers.
How do algorithms help solve marketplace problems?
—Algorithms help marketplaces find potential matches, make matches, and learn from those matches to improve future ones.
00:00Marketplaces take away the friction of finding a service or product by matching buyers and sellers.
04:08Data science plays a crucial role in finding and making matches in marketplaces.
08:29Feedback and ratings help improve future matches in marketplaces.
08:38Marketplaces have customers on both sides - buyers and sellers.
08:58Marketplaces rely on algorithms and data science to solve the problems of finding and making matches.
