Cookies help us display personalized product recommendations and ensure you have great shopping experience.

By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
SmartData CollectiveSmartData Collective
  • Analytics
    AnalyticsShow More
    sales and data analytics
    How Data Analytics Improves Lead Management and Sales Results
    9 Min Read
    data analytics and truck accident claims
    How Data Analytics Reduces Truck Accidents and Speeds Up Claims
    7 Min Read
    predictive analytics for interior designers
    Interior Designers Boost Profits with Predictive Analytics
    8 Min Read
    image fx (67)
    Improving LinkedIn Ad Strategies with Data Analytics
    9 Min Read
    big data and remote work
    Data Helps Speech-Language Pathologists Deliver Better Results
    6 Min Read
  • Big Data
  • BI
  • Exclusive
  • IT
  • Marketing
  • Software
Search
© 2008-25 SmartData Collective. All Rights Reserved.
Reading: EMC Study: Data Scientists in Short Supply
Share
Notification
Font ResizerAa
SmartData CollectiveSmartData Collective
Font ResizerAa
Search
  • About
  • Help
  • Privacy
Follow US
© 2008-23 SmartData Collective. All Rights Reserved.
SmartData Collective > Analytics > EMC Study: Data Scientists in Short Supply
AnalyticsJobs

EMC Study: Data Scientists in Short Supply

Brett Stupakevich
Brett Stupakevich
4 Min Read
SHARE

EMC data scientists photo (data analytics)

Author: Linda Rosencrance
Spotfire Blogging Team

EMC data scientists photo (data analytics)

More Read

Protecting Public Data
Tweets, Viruses and Bubbles
What Big Data Doesn’t Appear to Tell Us, But Actually Does
Big Data Defined for 2013: A Definition That Can Help in Your Interaction with the IT Community
20 Top Twitter Monitoring and Analytics Tools

Author: Linda Rosencrance
Spotfire Blogging Team

We mentioned yesterday that data scientists continue to be a trending topic on twitter. And if we’ve said it once, we’ve said it a thousand times (OK, a thousand may be an outlier in this case)—data scientist jobs are so hot, they’re sizzlin’.

And a study released this week by EMC Corp. (@EMCcorp) bears this out.

According to the EMC Data Science Study, there’s a “looming” shortage of data science professionals. In fact, 65% of the nearly 500 data scientist surveyed say they believe demand for data science talent will outpace the supply over the next five years. And most of them think companies are going to have to look to recent college grads to fill their data scientist jobs.

The fact is there’s been an explosion of digital data created by mobile sensors, social media, surveillance, medical imaging, smart grids and other technologies. There’s also been an increase in new tools to analyze all that data. 

That means companies have incredible opportunities to use that data to make better business decisions. That also means the business demand for data scientists will necessarily increase.

Organizations that best use their vast amounts of data are the most effective, according to Andreas Weigend (@aweigend),  Head of the Social Data Lab at Stanford University, former Chief Scientist Amazon.com. To do that, organizations must have the tools, the skills and “more importantly, the mindset to see data as the new ‘oil: fueling a company,’” he says.

The problem: the technology has evolved faster than the workforce skills to make sense of it, he says.

Here are some other findings from the study that reinforce the need for companies to employ data scientists and/or for you to think about pursuing data science as a career or maybe even going back to school and getting the advanced degrees necessary to make a career change:

  • 83% of respondents believe that new tools and emerging technology will increase the need for data scientists;
  • Data scientists are three times as likely as business intelligence (BI) professionals to have a master’s or doctoral degree;
  • Only 12% of respondents say today’s BI professionals are the most likely source to meet the increasing demand for data scientists;
  • Data scientists love the work;
  • Data scientists are more likely to be involved across the data lifecycle – from acquiring new data sets to making business decisions based on the data – than BI professionals;
  • Data scientists are more likely than BI professionals to use scripting languages, although Excel followed by SQL are the tools of choice for both data scientists and BI executives;
  • Data scientists need more business and technical skills than BI pros. According to the study, data scientists are twice as likely to apply advanced algorithms to data, and they’re 37% more likely to make business decisions based on that data.

“Neither tools nor people alone can solve the challenges of big data,” says Michael Driscoll (@medriscoll), Co-Founder and CTO at MetaMarkets (@metamx).

Rather they must work together. The trouble is that although there have been advancements in the software tools, not enough people know how to use the tools, he says.

“Data science is a young field, and its growth will be fueled as much by technology as through the mentorship of new acolytes by leading practitioners.” Driscoll says.

 

Share This Article
Facebook Pinterest LinkedIn
Share

Follow us on Facebook

Latest News

sales and data analytics
How Data Analytics Improves Lead Management and Sales Results
Analytics Big Data Exclusive
ai in marketing
How AI and Smart Platforms Improve Email Marketing
Artificial Intelligence Exclusive Marketing
AI Document Verification for Legal Firms: Importance & Top Tools
AI Document Verification for Legal Firms: Importance & Top Tools
Artificial Intelligence Exclusive
AI supply chain
AI Tools Are Strengthening Global Supply Chains
Artificial Intelligence Exclusive

Stay Connected

1.2kFollowersLike
33.7kFollowersFollow
222FollowersPin

You Might also Like

The Joy of Stats: 200 Countries, 200 Years, 4 Minutes

3 Min Read
business intelligence benefits for companies trying to get through the pandemic
Analytics

Use a Data Strategy to Make Your Startup Profitable

7 Min Read

Prepare for the Big-Data Labor Shortfall

4 Min Read

Semantic Technology Makes Sense of Big Data

3 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 is improving the safety of cars
From Bolts to Bots: How AI Is Fortifying the Automotive Industry
Artificial Intelligence
giveaway chatbots
How To Get An Award Winning Giveaway Bot
Big Data Chatbots Exclusive

Quick Link

  • About
  • Contact
  • Privacy
Follow US
© 2008-25 SmartData Collective. All Rights Reserved.
Go to mobile version
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?