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A2 Radio: Make the Most of Analytics' Potential
How many times have you heard this quoted or paraphrased (usually inaccurately) in the past six years?
By 2018, the United States alone could face a shortage of 140,000 to 190,000 people with deep analytical skills as well as 1.5 million managers and analysts with the know-how to use the analysis of big data to make effective decisions.
Of course, it's from the breakthrough report on data science, published by McKinsey Global Institute back in 2011. But it's just one sentence out of a 156-page paper, one sentence that has been used to support the marketing claims of hundreds of organizations, some of which have only minimal ties to data science.
Talk about soundbite marketing!
McKinsey Global Institute's Michael Chui shares insights from MGI's update on its famed 2011 data science report.
Most of those citations missed the rest of the key points in the report, particularly about the potential opportunities that data science and analytics were going to present to enterprises in the coming years. Hey, we're in those years now. In fact, that 2018 doomsday for data science talent is less than 12 months away. Make sure the underground bunker where you keep your data scientists safe from poaching competitors is well stocked with sugary foods and energy drinks.
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By All AnalyticsHow many times have you heard this quoted or paraphrased (usually inaccurately) in the past six years?
By 2018, the United States alone could face a shortage of 140,000 to 190,000 people with deep analytical skills as well as 1.5 million managers and analysts with the know-how to use the analysis of big data to make effective decisions.
Of course, it's from the breakthrough report on data science, published by McKinsey Global Institute back in 2011. But it's just one sentence out of a 156-page paper, one sentence that has been used to support the marketing claims of hundreds of organizations, some of which have only minimal ties to data science.
Talk about soundbite marketing!
McKinsey Global Institute's Michael Chui shares insights from MGI's update on its famed 2011 data science report.
Most of those citations missed the rest of the key points in the report, particularly about the potential opportunities that data science and analytics were going to present to enterprises in the coming years. Hey, we're in those years now. In fact, that 2018 doomsday for data science talent is less than 12 months away. Make sure the underground bunker where you keep your data scientists safe from poaching competitors is well stocked with sugary foods and energy drinks.