Enter the Data Scientist

From Marshall Kirkpatrick at ReadWriteWeb.com

The field of data science is coming, if it isn’t already here.  I ran across this article by Marshall Kirkpatrick at ReadWriteWeb.com, which included the figure you see on the left.  The article talks about the explosion of jobs for “big data” in the marketplace, and the figure indicates the exponential growth in this area over that past five years.

Here’s a quote from the post that highlights what’s happening:

“Right now, everybody with data knows that there’s value in there, that they should be doing something” – Edd Dumbil from Strata

Here’s another post titled “Data Scientist:  The Hottest Job You Haven’t Heard Of“, pointing out how data scientists are “the professionals responsible for filtering out the noise and analyzing essential information.”   The post describes some of the benefits that companies see in data science as “competitive intelligence”.  According to the article, a May 2011 study by McKinsey Global Institute suggest that retailers could increase operating margins by 60 percent and the health care industry could reduce annual costs by 8 percent or $200 billion, just by leveraging the data they have.  That’s a big impact for using big data.

I’ve been in the “big data” space for decades, because we’ve always more data that can fit into Excel spreadsheets or databases, and we’ve developed and matured amazing technologies as a result.  There will be an increasing need for more discipline in the data science and analytics engineering space in the coming decades.   Looking forward to it!

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I currently serve as Vice President of Decision Science at CenturyLink. I've previously served as a leader in the Advanced Risk & Compliance Analytics (ARCA) practice at PwC and as Director of Data Science & Analytics Engineering at Areté Associates. I've served the public as Chair of the Thousand Oaks, CA Planning Commission. I have been married to my wife Stephanie since 1993, and we have a wonderful daughter Monroe. Learn more about me »

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