Advances in big data analytics are encouraging increasing numbers of industries – including banking, media and big pharma – to maximise this tool by employing more data scientists.
The research surveyed 280 international data scientists, and revealed a 57% annual increase in positions allocated, as well as role availability in nearly a third of companies.
Alessandro Piva, director of the research observatory and faculty member of Politecnico di Milano’s School of Management, says: “As big data analytics grips the world of business and as companies increasingly understand the merit of using this valuable information in their decision-making processes, the role of the Data Scientist is increasing both in popularity and in availability.”
Piva says that this is one example of a job created in recent years by huge advances in our understanding of technology and our ability to interpret masses of data that often used to stagnate in unread files – or sometimes even failed to be collected.
The research suggests that international businesses will increasingly look to integrate Data Scientist roles into their hiring strategies.
Erica Titchener, Head of Technology and Operations Consulting at global talent acquisition and management firm, Alexander Mann Solutions, comments;
“At a time when speculation around the number of jobs which will be replaced by robots and automation is rife, MIP’s research demonstrates how the technological revolution is, in actual fact, creating fresh demand for highly skilled professionals.”
Titchener points out that organisations have long had access to data, which was almost beyond the capability of humans to digest, cross-reference and analyse. However, thanks to the rise of emerging technology such as AI and machine learning, she believes that this can now be used as a springboard to boost innovation, productivity and economic success.
“For medium and large businesses in particular, investing in data analysis is no longer novel or luxurious – it’s business imperative. Companies which fail to create workforces which can harness the potential of big data analytics face a very real risk of being left behind by their competitors as the pace of technological change advances.”
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