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SmartData Collective > Big Data > 7 Ways Data Monetization is Changing the Information Technology Job Market
Big DataExclusive

7 Ways Data Monetization is Changing the Information Technology Job Market

Discover how data monetization is shaping the future of the IT job market & unlocking new opportunities. Learn 7 ways to stay ahead of the curve!

Philip Piletic
Philip Piletic
6 Min Read
data monetization
Shutterstock Licensed Photo - 1548534236 | By Elnur
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With the technology media focused on how many of the largest players are cutting staff, it might be hard to believe that some computer industry sectors are actually seeing a great deal of growth when it comes to hiring new employees. Data processing specialists who have at least some experience turning raw numbers into actual insights might soon find a number of careers open to them.

Contents
Bioinformatic Data ProcessingThe Development of New AlgorithmsMaintaining Predictive Analytics SoftwareStreamlining Compression MethodologiesUser-generated Content Policy EnforcementManaging Frequency CoordinationDiscovering Broadcast Interference Patterns

Though it might be true that artificial intelligence and automation technologies have taken the human element out of countless workflows, it’s also true that an increasingly large number of people are needed to maintain all of these solutions. As the global business market is set to spend $420 billion on AI-based productivity systems, it’s not hard to believe they’ll also need to bring in some fresh faces to aid in the deployment.

Bioinformatic Data Processing

Due to the increased attention paid to the development of remedies for novel pathogens, it’s likely that additional staff will soon be needed to manage the influx of information regarding these treatments. Standard methods of organizing genetic information, such as the Burrows-Wheeler transformation subroutine, are quickly becoming too cumbersome for computer operators to deploy on reasonable hardware. Data engineers who’ve previously worked in the financial or telecommunications sectors may find this to be a rewarding field to get into. Their skills would certainly be valued by managerial staff who need to have ready access to healthcare statistics at all hours.

The Development of New Algorithms

Traditionally, most new mathematical processes were developed by collegiate computer scientists working in an academic setting. Today’s startup culture has streamlined this considerably. Organizations are looking for consultants who are capable of coming up with custom in-house data science applications. Professionals who have already completed at least some training in the field, such as a data science course in Hyderabad or an apprenticeship in Silicon Valley, are poised to make a big splash in this field.

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Maintaining Predictive Analytics Software

Dropshippers and online retailers have turned to predictive analytics solutions as a way to find out what products their clients are most likely to purchase. Most of these firms outsource their information service department to an outside organization that has to provide support for numerous other organizations. Though much of this work is accomplished through sophisticated shell scripts, humans are needed to author new scripts and revise existing ones.

Streamlining Compression Methodologies

Encryption receives the lion’s share of publicity when it comes to big data storage, but compression is going to be the next frontier for organizations that have to process massive amounts of information. Standard deflate format implementations are certainly fast, which makes them ideal for use with humongous matrices. Nevertheless, they don’t provide a sufficient compression ratio in situations where physical hardware requirements are beginning to grow at an exponential rate. Technicians who can balance performance and size requirements may soon find themselves in high demand by those who own the actual data centers other groups store their databases on.

User-generated Content Policy Enforcement

Gone are the days when a small number of professionals could enforce the terms of service agreement on a relatively large-sized social media outlet. Today’s voluminous platforms require the assistance of data scientists who are capable of predicting the odds of questionable content getting posted at any particular hour of the day. The field of social media moderation is quickly becoming automated, but once again this means that there’s a growing market for people who understand the underlying technologies that power these tools. Developers who have a working knowledge of the operating principles behind such operations should also find new opportunities as this field continues to grow.

Managing Frequency Coordination

Modern networking stacks leverage the power of various radio frequencies in order to deliver connectivity to every data processing node plugged into them. Each additional node increases the risk of collisions between packets. As organizations adopt wireless 802.11be routers, they’re going to have to turn to the 6GHz band in order to avoid these collisions. In the process, they’ll have to work with crews of data scientists who can figure out what the odds are of two devices in the same general perimeter occupying adjacent radio frequencies at any given time.

Discovering Broadcast Interference Patterns

Digital broadcasting is a lot like networking in that an increase in the number of devices occupying a channel will boost the amount of packets lost to attenuation. Data processing experts can examine service maps as well as the average height above ground of digital transmission towers to figure out which broadcasters may need to move to different channel assignments in order to eliminate interference. Regulatory authorities are switching off analog services in many parts of the world, which will put additional pressure on existing broadcasters to protect themselves against all of the new sources of RF energy on the airwaves.

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ByPhilip Piletic
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My primary focus is a fusion of technology, small business, and marketing. I’m a writer, marketing consultant and guest author at several authority websites. In love with startups, the latest tech trends and helping others get their ideas off the ground. You can find me on LinkedIn.

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