Stop Searching for That Elusive Data Scientist
- 1. Analysis of the article “Stop Searching for That Elusive Data Scientist” By Michael Schrage
- 2. Michael Scrage Research Fellow at the MIT Sloan School of Management's Initiative on the Digital Economy.
- 4. They are unusual blend of software skills and statistical savvy to go around. data scientists bring collaborative temperaments and business acumen to data-driven initiatives.
- 5. According to Michael Schrage, There’s no shortage of individuals with just enough statistical and software knowledge to be data- dangerous. For many organizations, a mediocre data scientist may be worse than none at all.
- 6. What do we do now? “Give up. Stop hunting .” “You Don’t Need A Data Science Unicorn, You Need A Data Science Team”
- 7. You want to cultivate internal capability, not just hire it.
- 8. What Organizations have started doing is seed-fund and empower small cross- functional data-oriented teams explicitly charged with delivering tangible and measurable data-driven benefits in relatively short periods of time.
- 9. Building greater data capability, than better digital infrastructures.
- 10. Data science should be a cultural value, not just a functional expertise.
- 11. Small teams generate insights that could get the organization doing something interestingly valuable really fast.
- 12. 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. Limited ambition can do a better job attracting credibility and support than BHAGs.
- 13. Relevant Insights for a manager #1 INSiGHT “Start Small, Go Big” 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. Relevant Insights for a manager #2 INSiGHT “People Are People” Data scientists either produce analytics for machines or humans, but generally not both. The two types of analysis require different skills.