Stop searching for elusive data scientist
Download as PPTX, PDF0 likes35 views
The document discusses challenges with hiring data scientists and suggests alternative approaches. It recommends empowering small cross-functional data-oriented teams explicitly tasked with delivering measurable business benefits. This builds internal data capabilities rather than just hiring expertise. It also stresses the importance of making data science a cultural value throughout the organization so that all employees understand basic principles and practices of data science.
Stop searching for elusive data scientist
- 2. INSIGHTS: “Stop Searching for That Elusive Data Scientist” - Michael Schrage
- 3. INSIGHT #1. Stop hunting for that data science unicorn and/or silver bullet. Odds are poor that you’ll be able to find and hire really good data scientists.
- 4. • Surveys say there simply aren’t enough people with the unusual blend of software skills and statistical savvy to go around. • For many organizations, a mediocre data scientist may be worse than none at all.
- 5. • Big organizations can afford — or think they can afford — to throw money at the problem by hiring laid- off Wall Street quants or hiring big-budget analytics boutiques. • More frugal and prudent enterprises seem to be taking alternate approaches.
- 6. INSIGHT #2. Empowering small cross-functional data- oriented teams • The teams must be explicitly charged with delivering tangible and measurable data- driven benefits in relatively short periods of time. • The emphasis is on building greater data capability than better digital infrastructures.
- 7. • Data science must be a cultural value, not just a functional expertise. • The goal is to make all of the organization more conversant in how to align probability, statistics, technology and business value creation.
- 8. Even baby steps in analytics could yield large strides in outcome.
- 9. “You must cultivate internal capability, not just hire it.”
- 10. Employing the Insights into the life of a Manager.
- 11. Better Collection Understanding of the Employees Better the opportunities to the team Better Relations between the staff. Better learned the workforce will be
- 12. COST-SAVING FOR A COMPANY • Big savings deal for the company by investing in small teams, rather than hiring the savvy quants. • Limited ambition could do a better job attracting credibility and support than BHAGs.(Big Hairy Audacious Goal)
- 14. People don’t need to become data scientists, but they do need to understand and appreciate key principles and practices of data science.
- 15. The temporary fix of data science teaming doesn’t solve the problem, but it creates the cultural and organizational context for the necessary hires to follow.
- 16. Presented By: Charanjeet Singh Ahluwalia Connect with me: https://www.linkedin.com/in/charanjeet-singh-ahluwalia- b47aa2125/