Stop searching for that elusive data scientist
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The document discusses building data science teams instead of searching for individual data scientists. It recommends that organizations focus on developing data literacy across all employees rather than trying to hire data scientists. Building collaborative teams that learn from each other can help organizations start making better use of data with baby steps in analytics. While teams may be less skilled than individual data scientists, cultivating internal data capabilities within teams is a better long-term solution than outsourcing.
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Stop searching for that elusive data scientist
- 1. STOP SEARCHING FOR THAT ELUSIVE DATA SCIENTIST
- 3. DATA SCIENTIST- NOT COMPULSORY!!
- 4. WHAT IS TO BE DONE? • People don’t need to become data scientists, but they need to understand and appreciate key principles and practices of data science. • We need extensive, but not exhaustive, exercises in simple data science and analytics.
- 8. • A typical team maybe collectively less skilled and competent than a typical data scientist. But a collective team learns from each other and sends a message to the rest of the organization that even baby steps in analytics could yield large strides in outcome.
- 9. SO ARE THESE TEAMS ULTIMATELY A SHORT-TERM FIX RATHER THAN A MORE SUSTAINABLE SOLUTION TO THE DATA SCIENTIST SHORTAGE?
- 10. • Smart organizations would be foolish to outsource this away from the very people who need to be more data-driven. • You want to cultivate internal capability, not just hire it. • That’s why a team is a good starting point!
- 11. MANAGERS : •Give up! • Stop hunting for that data science unicorn and/or silver bullet
- 13. RATHER, • The accent is on the word team; the emphasis is on building greater data capability than better digital infrastructures. The goal is to make all of the organization — not just the geeks and quants — more conversant in how to align probability, statistics, technology and business value creation.
- 14. • A cultural and organizational context for the necessary hires to follow is the profit. Sometimes the data show that “buying time” the right way can be a terrific investment.
- 15. THANK YOU!!