Data Scientist Training Programs Gain Steam - InformationWeek

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Data Scientist Training Programs Gain Steam

More universities are launching programs to develop the big data talent businesses need.

Challenge: The checklist of desirable attributes in a data scientist include a creative and well spoken systems architect, quantitative analyst, software engineer, and business analyst that's practiced in data integration and data visualization. So it's no wonder the data scientist is the unicorn of the industry. It also explains why firms have found it almost impossible to hire one, and apparently just as difficult to keep one from being poached.

Why it's important: Still, as investment in big data grows, and as big data analysis becomes more important for competitive advantage, it is critical to find data analysts proficient enough to use the technology, generate reports, and deliver insights. McKinsey Global Institute estimated that by 2018 there will be 4 million big data related positions in the US and a shortage of up to 190,000 data scientists. There's also a need for folks who aren't quite full-fledged data scientists, but are data savvy nonetheless.

Where the industry is now: Fortunately, universities are helping to turn out a greater number of data scientists. Last year, only a few schools offered degrees that focus on data science. Today there is a broader selection, with more universities looking to offer similar programs. Many are launching in January 2015.

Read the rest of this story on Wall Street & Technology.

Becca Lipman is Senior Editor for Wall Street & Technology. She writes in-depth news articles with a focus on big data and compliance in the capital markets. She regularly meets with information technology leaders and innovators and writes about cloud computing, datacenters, ... View Full Bio

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User Rank: Author
12/31/2014 | 12:52:27 AM
Data Scinetists of the future

It's a needed trend!When I got my master's degree I ended up with almost a minor in statistics to get fully entrenched in research and analysis. It served me well throughout my career and in my life. Getting a generation of data scientists that are ready to fill our increasing data demands will impact many fields positively in the future.

User Rank: Ninja
12/31/2014 | 12:02:19 AM
Re: Pump 'em out!
I think potential students on this field need to have a solid background in various fields, including statistics, programing and data analysis.  It is sad that universities have taken a long time to adapt and offer courses which are more practical to students.  In seems that there is a huge demand in this field but not a lot of people to fill it.
User Rank: Ninja
12/30/2014 | 3:04:16 PM
Re: Pump 'em out!
Let's hope it gets to the point where supply outdoes demand when it comes to Big Data specialists.  There have been some great vendor courses, notably over at CloudU, but having Universities jump onboard and offer these courses will be a huge help to the industry.  I'm curious if they plan to open it to students outside of traditional IT though, since as discussed in previous InformationWeek threads that creative types could be well suited towards this type of analytical career, where they might not normally get involved in traditional IT education streams.
User Rank: Ninja
12/30/2014 | 1:27:11 PM
Pump 'em out!
One thing US colleges and universities are just plain great at is jumping on any trend, establishing curricula, and training students. I'm sure that in a year or two, industry will be happy to note an oversupply of available candidates, and salaries will shrink accordingly
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