We use cookies, including third-party cookies from Google to serve personalized ads through AdSense, to operate this site and understand how it is used. By continuing to browse, you accept this use. See our Privacy Policy and Terms of Use for details, including how to opt out of personalized advertising.
Accept
SmartData CollectiveSmartData Collective
  • Analytics
    AnalyticsShow More
    Flat editorial illustration: The article is about joining public web signals with internal business metrics so BI teams can inter
    Alternative Data in BI: Bringing Public Web Data Into Your Dashboards
    23 Min Read
    Flat editorial illustration: The article contrasts passive follower totals with a behavioral path from attention and trust to cli
    Creator Analytics Beyond Follower Count: Seven Metrics That Measure Audience Behavior
    11 Min Read
    Flat editorial illustration: The article connects AI and marketing analytics with managerial judgment grounded in consumer behavi
    How an Online MBA in Marketing Connects AI and Data Analytics
    11 Min Read
    What Kind of Problem-Solving Distinguishes Data Analysts From Software Engineers -- AI-generated illustration
    What Kind of Problem-Solving Distinguishes Data Analysts From Software Engineers
    7 Min Read
    chatgpt image jul 21, 2026, 04 34 30 pm
    4 Core Benefits of Predictive Maintenance after Vibration Analysis
    10 Min Read
  • Big Data
  • BI
  • Exclusive
  • IT
  • Marketing
  • Software
Search
© 2008-25 SmartData Collective. All Rights Reserved.
Reading: Big Data: What can an energy company teach us about data science?
Share
Notification
Font ResizerAa
SmartData CollectiveSmartData Collective
Font ResizerAa
Search
  • About
  • Help
  • Privacy
Follow US
© 2008-23 SmartData Collective. All Rights Reserved.
SmartData Collective > Big Data > Data Visualization > Big Data: What can an energy company teach us about data science?
AnalyticsBusiness IntelligenceData VisualizationPredictive Analytics

Big Data: What can an energy company teach us about data science?

Ted Sapountzis
Ted Sapountzis
7 Min Read
Big Data: What can an energy company teach us about data science?
Illustration generated with FLUX.2 [klein 4B] via Cloudflare Workers AI.
SHARE

Two weeks ago I had the opportunity to attend the Economist’s first Information Conference on big data and the disruption it is about to unleash on the world. The event was the brain child of Kenn Cukier who almost 18 months ago wrote this Economist article on the ‘big data deluge’.  The event brought together some of the best minds on this topic, with speakers ranging from academia, technology, NGOs and consultants.

Contents
  • What is big data?
  • Incredible innovation at the data management layer

The one topic that received significant coverage during the event was the emerging role of the ‘data scientist’ – a term apparently coined by Jeff Hammerbacher, the co-founder and Chief Scientist of Cloudera while he was at Facebook. The McKinsey Global Institute recently published a study that forecast that the shortage of these skills could be as high as 190,000 people by 2018 in the US alone. The notion of such a discipline bothered me quite a bit and until now was not able to put my finger on it.  In full disclosure, my educational background includes degrees in Mathematics, Computer Science and Operations Research and I have spent most of my career helping companies deal with data and extract insights so they can make better decisions.  But I am getting ahead of myself…

What is big data?

The definition of big data was, to my surprise, not a controversial topic. Most speakers agreed that big data is both about the quantity and quality of the underlying data, i.e., volume measured in petabytes (1015 bytes or 1M gigabytes or more), and data that does not only include structured but also unstructured (i.e., text, video, social media, etc.) data as well.   You can read Wikipedia’s definition here.

Incredible innovation at the data management layer

The field of big data has seen an explosion of a new alphabet soup over the past few years (ACID, Cassandra, Hadoop, HBase, Hive,  NoSQL, MapReduce, Pig, and many more).  Many early-stage (Cloudera, Kognitio, Netezza,  ParAccel) and established (EMC through its acquisition of Greenplum, Microsoft through its acquisition of DATAllegro, Oracle, SAP, and Teradata through its acquisition of Aster Data) technology companies are innovating at an unprecedented pace to help their customers deal with the big data deluge.

More Read

Employee Analysis: How Growth in Employee Strength Relates to Profits
Employee Analysis: How Growth in Employee Strength Relates to Profits
Artificial Intelligence is Unlocking the Secret to Boosting Employee Retention
Dashboard Envy
The Trouble With AI That Won’t Leave a Job Unfinished
How Much Data Does Instagram Use? How to Reduce Instagram Data Usage, Step by Step

While this innovation at the data management layer is significant, most discussions around the data scientist in the industry today are focused at the predictive analytics / data visualization level of extracting insights from big data, and this is wherein my fundamental disagreement lies:

big data

Field is not new – Extracting insights from data (i.e., predictive analytics) gave birth to Operations Research as an inter-disciplinary field during World War II.  The field has its roots in the 1840s based on the work Charles Babbage did to optimize the UK’s mail system.  During WW II, UK and US scientists across many of the same disciplines people talk about today (mathematics, statistics, sociology and psychology) were brought together to help the Allied Forces optimize their artillery rounds and air / sea networks and decipher the German cryptographic codes.  The field then branched out in the 1960s and 1970s in the telecom and airline industries and has since expanded across most of the business world.  The fundamental mathematical techniques however have changed very little in the past 70 years.

big data

We are all data scientists – Most of the innovation that is taking place at the data visualization layer today is about putting the information at the hands of those able to make the best decisions, i.e., the elusive business user / information worker.  While this may feel self-serving as it allows technology companies to expand their footprint, my many years of working as a ‘data scientist’ have led me to the very same conclusion:

  • The real challenge is about driving adoption: Although this is more relevant in an enterprise context, the challenge is not about squeezing the last drop of potential benefit, but rather ensuring recommendations are adopted.  If there is one thing my many years in the field have taught me is convincing the decision makers to adopt your ideas.  This Microsoft Windows 7 commercial sums it up best.
  • Back-office data geeks do not always know the business challenge: Having been one myself, I can attest to the fact despite how smart we think we are, the knowledge that comes from knowing your business while being able to also act on those insights is priceless.  The image and title of this post refers exactly to this point.  PG&E is my local energy utility company and the data on the graph is my hourly energy consumption based on the smart meter (i.e., big) data they collect from my home.  Who better to make decisions about energy consumption than the consumers themselves?  Do the people appearing in this PG&E commercial look like data scientists to you?

What do you think? Is this short-sighted ‘old-world’ thinking, or the reality that will emerge over the next few years as we move past the hype?

TAGGED:bibig databusiness intelligencedata managementData Sciencedata visualizationenterprise softwareoperations researchpredictive analytics
Share This Article
Facebook Pinterest LinkedIn
Share
ByTed Sapountzis
Follow:
Ted is an entrepreneurial marketing executive with extensive experience and a passion for building and scaling businesses.Ted has spent most of his career in enterprise tech and over the course of 20+ years has worn many hats from building award-winning products to making coffee.

Follow us on Facebook

Latest News

Flat editorial illustration: The article is about joining public web signals with internal business metrics so BI teams can inter
Alternative Data in BI: Bringing Public Web Data Into Your Dashboards
Big Data Business Intelligence Exclusive Web Analytics
Flat editorial illustration: A SaaS-editorial scene showing product usage, support patterns, and renewal feedback informing a fle
Using Product Usage Analytics and Support Data to Build a B2B Product Roadmap
Business Intelligence Infographic
From Hiring To Payroll: Managing HR Data Across Business Systems -- AI-generated illustration
From Hiring To Payroll: Managing HR Data Across Business Systems
Big Data Business Intelligence Infographic
Flat editorial illustration: The article is about automating the collection, preparation, and delivery of marketing data across p
From Data to Dashboards: 5 Marketing Reporting Automation Software Picks
Big Data Business Intelligence Exclusive

Stay Connected

1.2KFollowersLike
33.7KFollowersFollow
222FollowersPin

You Might also Like

Businesses Across Various Industry Verticals Use Data Analytics
Analytics

Businesses Across Various Industry Verticals Use Data Analytics

7 Min Read
Big Data, Big Mistakes?
Best PracticesCommentaryPredictive Analytics

Big Data, Big Mistakes?

7 Min Read
Is Big Data Causing Insurance Actuaries to Move Away from Using Credit Scores?
AnalyticsBig DataPredictive Analytics

Is Big Data Causing Insurance Actuaries to Move Away from Using Credit Scores?

5 Min Read
Better than Brute Force: Big Data Analytics Tips
AnalyticsData MiningPredictive AnalyticsStatistics

Better than Brute Force: Big Data Analytics Tips

10 Min Read

SmartData Collective is one of the largest & trusted community covering technical content about Big Data, BI, Cloud, Analytics, Artificial Intelligence, IoT & more.

ai chatbot
How AI Website Chatbots Improve Customer Support and Lead Generation
Chatbots Exclusive
From Bolts to Bots: How AI Is Fortifying the Automotive Industry
From Bolts to Bots: How AI Is Fortifying the Automotive Industry
Artificial Intelligence

Quick Link

  • About
  • Contact
  • Privacy
Follow US
© 2008-26 SmartData Collective. All Rights Reserved.
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?