Lecture Notes on Growth Mindset - 21 July 2023

Jul 23, 2024

Lecture Notes on Growth Mindset - 21 July 2023

Opening Remarks

  • Lecturer/Host: Bu Ike
  • Topic: Growth Mindset
  • Guest Speaker: Pak Tri Juliansyah M Sambas from Home Credit

Key Points from Bu Ike

  • Encourages students to keep their spirits up and to consistently participate (e.g., on camera for online sessions).
  • Appreciates the punctuality and quality of previously attentive students.
  • Introduces the topic of 'Growth Mindset' and the speaker, Pak Tri, who will share insights from the financial industry.

Introduction by Pak Tri

  • Name: Tri Juliansyah M Sambas (Mastri)
  • Current Position: Data Science Lead at Home Credit
  • Education: S1 in Mathematics from ITB, S2 from an overseas university
  • Experience: 5 years at Home Credit, progressed from junior to lead position

Purpose of the Session

  • Explore the definition and traits of a growth mindset vs. fixed mindset
  • Discuss real-life and theoretical examples
  • Interactive session with Mentimeter exercises

Definitions and Concepts

Growth Mindset vs. Fixed Mindset

  • Growth Mindset: Belief that abilities and talents can improve with effort, learn from failures, embrace challenges.
  • Fixed Mindset: Belief that abilities are static and limited, avoid challenges, fear failure, and see effort as fruitless.

Key Characteristics

  • **Response to Challenges: **
    • Growth Mindset: See challenges as opportunities to learn.
    • Fixed Mindset: Avoid challenges to prevent failure.
  • Attitude Towards Failure:
    • Growth Mindset: Learn from mistakes, view failure as a learning opportunity.
    • Fixed Mindset: See failure as a limit to abilities, become easily discouraged.
  • Effort and Feedback:
    • Growth Mindset: Value effort, open to constructive feedback.
    • Fixed Mindset: Avoid effort, take feedback personally.

Case Studies and Examples

Example of Naruto (Anime)

  • Character Analysis: Uzumaki Naruto faced many hardships but maintained a growth mindset, leading to success in learning complex techniques like 'Kage Bunshin' and achieving his goal of leadership (Hokage).
  • Lessons Learned: Effort, resilience, and learning from mentors can lead to overcoming challenges and achieving goals.
  • Practical Application: Believe in personal improvement, seek feedback, and continuously strive for betterment.

Real-World Example: Home Credit

  • Introduction to Home Credit: A financial service company providing consumer loans, operating in Indonesia since 2013.
  • Growth Mindset Application: Transition from manual/offline processes to digital (mobile apps) and real-time big data assessments, significantly reducing approval times from days to minutes.

Importance of Growth Mindset in Data Science

Facing Technological Changes

  • Rapid Advancements: Technologies like internet, AI (chat GPT), and big data have evolved rapidly, requiring continuous learning and adaptation.
  • Implementing Innovative Solutions: Examples include Netflix's recommender system for personalized content and Home Credit's real-time loan assessment using big data.

Learning and Development

  • Agile Methodologies: Embrace quick iterations, learn from failures rapidly, and continually improve processes.
  • Educational Resources: Utilize online courses, participate in competitions (e.g., Kaggle), and seek hands-on experiences and certifications.
  • Mentorship and Learning from Experts: Seek out and learn from mentors who can provide guidance and feedback.

Exercises Using Mentimeter

  • Interactive questions on applying growth mindset in scenarios like group work, handling poor exam results, and contributing to challenging tasks.

Closing Thoughts

Harmonizing Growth Mindset with Gratitude

  • Balancing Act: Be thankful for achievements while continuously striving for improvement.
  • Quote by Pak Tri: "Growth mindset is about valuing effort, learning from failures, and constantly developing oneself to be the best version possible."

Q&A Session

  • Managing Fixed Mindset Influences: Seek supportive environments, find role models, and persistently aim for growth despite challenges.
  • Naruto Example Revisted: Reflect on personal experiences, find mentors, and continuously aim to improve skills and knowledge.

Conclusion

  • Summary of Key Learnings: Growth mindset leads to resilience, continuous improvement, and the ability to adapt in a fast-changing world.
  • Encouragement by Bu Ike: Appreciate contributions and prepare for upcoming evaluations.

Summary