Stop searching for that elusive data scientist
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The document discusses the importance of adopting big data analytics despite a shortage of skilled data scientists. It suggests that organizations can empower data-oriented teams and collaborate with external advisors to foster a culture of data-driven decision making. By taking incremental steps and building internal capabilities, organizations can enhance their data strategy and improve business outcomes.
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Stop searching for that elusive data scientist
- 1. Stop Searching for That Elusive Data Scientist
- 2. 2 Based on the HBR Article Stop Searching for That Elusive Data Scientist By Michael Schrage
- 3. “Without big data analytics, companies are blind and deaf, wandering out onto the web like deer on a freeway - Geoffrey Moore 33
- 5. 5 1Shortage of skilled data- scientists shouldn’t be an excuse to delay adoption of Big Data
- 6. Big organizations can afford to hire big-budget analytics boutiques. More frugal and prudent ones seem to be taking alternate approach
- 7. The smartest thing organizations are doing is by seed funding and empowering data-oriented teams explicitly charged with delivering data- driven insights in short periods of time
- 8. By taking baby steps towards data driven decision making, these organizations have been able to evangelize a culture of business value creation through an amalgamation of Math, Technology, and Business
- 9. 9 2 Organizations conversant in data sciences can build upon the existing infrastrucure by collaborating with outside advisors
- 10. It facilitates better conversations between stakeholders and improves the analysis outcome by taking into account the best of both worlds
- 11. Cultivating internal capability first is a temporary fix, but it is necessary to create the cultural and organizational context for the necessary hires to follow
- 12. Sometimes “buying time” the right way can be a terrific investment
- 13. Sometimes “buying time” the right way can be a terrific investment
- 14. Managers, especially in organizations where data sciences is still in a nascent stage need to take measures to build and evangelize data driven decision making culture
- 15. THANKS! Created by Raminder Singh, under an internship by Prof. Mathur, IIM Lucknow