Home » Change »Future Trends »Generation X and Y »Newsletter »Strategy »Talent »The workplace » Currently Reading:

Why we need more “data scientists”

May 25, 2012 Catherine Garland Change, Future Trends, Generation X and Y, Newsletter, Strategy, Talent, The workplace No Comments

Businesses already have a vast amount of information about their customers – some use it well, some less so. The vast growth in computer processing power has lead to the ability

to crunch data on customers like never before. Big retailers and many loyalty schemes are already at the forefront – employing “pattern-based” data searches to use all the data dimensions to target customers with personal offers. Most businesses will have to get good at this – really good in fact. But they will be competing for talent in what is currently a very small pool. If you have school age children now, this will be a lucrative future career, so start working on their IT and Maths skills but also their ability to make sense of it all – this is as much an art as a science.

“Data is the new oil,” according to Andreas Weigend, Head of the Social Data Lab at Stanford and the former Chief Scientist at Amazon. “Unfortunately, the technology has evolved faster than the workforce skills to make sense of it, and organizations across sectors must adapt to this new reality or perish.”

See this great infographic at Mashable showing the skills shortage in this new job of “Data Scientist”.

As individuals, we are also suffering from ‘information overload’ in our everyday lives. See this short (8 minutes) and entertaining TED talk from J P Rangaswamiwho likens information to food and argues “information, if viewed from the point of view of food, is never a production issue. … It’s a consumption issue, and we have to start thinking about how we create diets [and] exercise.”

Create PDF    Send article as PDF   

Comment on this Article:







Subscribe to this blog

Get free delivery of this blog by email, RSS or feeder

Categories

Primary Blog contributors

The main contributors to this blog are:

Dr Graeme Codrington, co-founder of TomorrowToday, author, speaker and expert on the changing world of work
Dean van Leeuwen, co-founder and CEO of TomorrowToday UK & Europe, speaker, consultant and Chief Intellectual Adventurer
Catherine Garland, head of the TomorrowToday Strategic Insights team and previous MD of GFK Research in the United Kingdom
Keith Coats, co-founder of TomorrowToday South Africa, leadership development guru, speaker and author
Professor Nick Barker, director of the Asia Pacific Leadership Program at the East-West Center in Hawaii, leadership development expert
Markus Kramer, marketing director for Aston Martin and brand building expert
Keith Holdt, Visionary Enabler of business growth and change, currently works for LDC as an investment executive.
Dil Sidhu, Chief External Officer, Manchester Business School; Executive education specialist.
Dawna MacLean, expert on fostering meaningful change and creating authentic experiences through transparent and trusted partnerships.

Click here for a full list of contributors


Hosted by TomorrowToday

Archives