Stop searching for that elusive data scientist
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This document discusses the difficulty in finding qualified data scientists and provides suggestions for companies to address the shortage. It recommends that companies train existing employees on basic data science and analytics so that lower-level decisions can be delegated. This helps simplify processes while also investing in retaining employees through training. It asserts that data science fundamentals can help solve day-to-day problems even if employees do not become data scientists. The goal is to promote data-driven culture and provide context for new hires to follow.
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Stop searching for that elusive data scientist
- 1. Stop searching for the elusive data scientist
- 2. After completing the survey, a good Data Scientist would tell you that it is extremely difficult to find data scientists out there in the market.
- 3. Is it really worth it? Paying huge sums of money for attracting talent only to find that they are not extremely good enough. There are less no. of people with the right mix of data science talent with business acumen. Big budget analytics boutiques might cost a fortune.
- 5. What can a Company do to address this growing demand of data scientists?
- 6. • Train their employees on the basics of Data Science and analytics. • Thereby, delegating the decisions taken at a higher level. • Solving problems at the crux(problems faced by all the employees) would simplify the process.
- 8. • Start investing on employee training for retaining them. • A knowledge base of Big data and analysis is has to be provided to all the colleagues of the company.
- 10. • So are these teams ultimately a short-term fix rather than a more sustainable solution to the data scientist shortage? • Yes, but data science fundamentals are enough to solve the day-to-day problems that are faced by employess as of now.
- 11. • People don’t need to become data scientists, but they do need to understand and appreciate key principles and practices of data science. I
- 12. • For promoting data driven culture and organization context for the new hires to follow. • “Buying time” the right way can be a terrific investment
- 14. Relevance to India Managers • Lot of time wasted on decision making can be saved because of the inclusion of data driven decisions. • Analytical thinking of all the sub-ordinates will increase day –by-day.
- 15. Thanks