Data analytics with managerial application ass 2
- 1. Data Scientist: The Sexiest Job of the 21st Century by Thomas H. Davenport and D.J. Patil Presented by Nishant Kumar
- 2. Name of the article: Data Scientist- The sexiest job of the 21st century. Authors : Thomas H. Davenport & D.J. Patil Edition : October 2012 Source : Harvard Business Review
- 3. Two most important insight from the article . Why / How these insight are useful to a manager in India. Conclusion
- 4. Data Scientists are the people who understands how to fish out the answers to Business Questions from todays Tsunami of unstructured data. “IBM Predicts Demand For Data Scientists Will Soar 28% By 2020”
- 5. Data science is the study of the generalizable extraction of knowledge from data. It builds on techniques and theories from many fields, including Mathematics, Probability models , Statistical learning, Computer programming, Data engineering, Pattern recognition and learning, Visualization & Data Warehousing.
- 6. A “Data scientist” is a business expert. A “Data scientist” is a statistics expert. A “Data scientist” is a programming expert. A “Data scientist” is a database technology expert. A “Data scientist” is a visualization and communication expert.
- 7. Identify the different data sources. Swim in big data. Find valuable sets in raw data. Make the formless data structured.
- 8. According to forbes, in coming years the demand of data scientist will increase to upto 28% by 2020 .
- 9. A manager desire a highly skilled data scientist for analysis of data from customers, to deliver excellent production services .
- 11. All trending cut-edge technology whether artificial intelligence/automation or machine learning all uses data science, thus a need of data scientist .
- 12. Managers can provide training in data science to top level employee , to incorporate need of data scientist from within the company .
- 13. Finally , India as a developing country needs peoples with profession in data science, to expand business globally competing with top companies in the world.
- 14. In this article, Harvard Business School’s Davenport and Patil take a deep dive on what organizations need to know about data scientists, and how data scientist are needs of the era. Finally, data scientists want to build things, not just give advice.