If you take a quick look at Glassdoor.com and their “50 Best Jobs in America” for 2017, you will notice that Data Scientist ranks at #1, among several other “data/analytics” titles in the list. Although this is evidently a highly desirable job, there appears to be a large talent gap in the field. Recent research by McKinsey Global Institute has projected that by next year, the US could face a shortage of 140,000 to 190,000 professionals with deep analytical skills, i.e., advanced statistical training and knowledge of machine learning. What exactly is data science? While not an entirely new concept, the terms “data science” and “data scientist” have exploded in popularity in the past 5-10 years. At its core, data science is about using scientific methods along with new technology systems to gather insights from massive amounts of heterogeneous data.
Tag: big data
Data, Data Everywhere…Albatross or Opportunity?
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Read MoreSamuel Taylor Coleridge’s Rime of the Ancient Mariner tells the experience of a sailor returning from a long voyage. In the early parts of the poem, the mariner describes how an albatross leads the crew out an ice jam in the Antarctic, but the mariner then kills the bird. The crew vacillates between viewing the killing of the albatross as a good or a bad thing. However, they soon become surrounded by “water, water, everywhere, nor any drop to drink.” Eventually, the mariner encounters death, but survives after accepting his guilt – however as a penance for shooting the bird, the sailor must wander the earth telling his story to passersby.
What Is Data Science and Why Do We Need More Data Scientists?
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Read MoreIf you take a quick look at Glassdoor.com and their “50 Best Jobs in America” for 2017, you will notice that Data Scientist ranks at #1, among several other “data/analytics” titles in the list. Although this is evidently a highly desirable job, there appears to be a large talent gap in the field. Recent research by McKinsey Global Institute has projected that by next year, the US could face a shortage of 140,000 to 190,000 professionals with deep analytical skills, i.e., advanced statistical training and knowledge of machine learning. What exactly is data science? While not an entirely new concept, the terms “data science” and “data scientist” have exploded in popularity in the past 5-10 years. At its core, data science is about using scientific methods along with new technology systems to gather insights from massive amounts of heterogeneous data.