Actually that is silly -- McKensey should now that there is and will never be a talent shortage. There will only be shortage of talent at a particular wage rate. If the companies paid newly graduated 'data-scientists' (what other kind of scientists are there? The tea-leaf reading kind?) 200k/year then they would have a lot more. It is pretty simple economics.
Companies already do pay close to $200k/year for entry level data scientists. (what other kind of scientists are there? The tea-leaf reading kind?) "Data scientist" refers to the guy who can set up a hadoop cluster, do statistics on TBs worth of data, derive useful conclusions and speed it up by tweaking the low level data formats or microoptimizing the calculation. The issue is rarely paying these guys an extra $20k…
Big Data's Big Problem: Little Talent
21–30 of 161 posts
Re: Big Data's Big Problem: Little Talent
#22Earlier quoted context omitted.
This technology will change the world more than the Internet or any other technology in human history. You're right that adoption is very slow. I'm convinced that businesses could save trillions of dollars by applying existing weak AI to their problems. Why aren't they doing it ? For one thing there's a huge gulf between the average business person's understanding of what is possible and what actually is. On the othe…
Slightly off-topic, but your website breaks after visiting the RDMS page, as all the other links seem to be relative, so they attempt to go to pages such as /products/people.html
Re: Big Data's Big Problem: Little Talent
#23As an engineer who's investing in developing "deep expertise in statistics and machine learning" I can only stand to benefit from it, but something about the current wave of Big Data hype makes me instinctively a bit wary. Does this skills shortage really exist to the extent claimed? are there really enough people out there who would know what to do with a 'data scientist' if they were able to hire one? I see more ta…
As someone in the big data field on the ground (VP of Engineering). Let me give you my thoughts on it. Your impression about the hype is correct. There are a lot of vendors offering BIG solutions, if you pay them BIGGER money. Where I used to translate the word enterprise to $$, now I translate Big Data to $$$$$$$. When I'm hiring, I don't go looking for Big Data people, because generally they don't exist. Statistics…
Re: Big Data's Big Problem: Little Talent
#24Earlier quoted context omitted.
At a conference I attended last month, one of the keynotes estimated that there might be 250 people in the country with the skills need to build non-trivial, ontology-based data systems. Even if that is an wild exaggeration, it is at least evidence of a perceived shortage. Also note that an ability to transfer domain experts' knowledge into working models is at least as important as the Stats+ML bits.
I agree with Paul's comment. The 250 number feels low to me, but that is applying a specific model. Typically people come with some set of favorite models, and many of them provide that vast majority of the benefit a business needs. Especially when the current model in use is slipshod and busted at best.
A similar phenomena certainly manifests in other highly specialized fields though. There are far fewer people with both the skills we're talking about, and deep water E&P or big 3 audit experience, for instance.
Re: Big Data's Big Problem: Little Talent
#25As an engineer who's investing in developing "deep expertise in statistics and machine learning" I can only stand to benefit from it, but something about the current wave of Big Data hype makes me instinctively a bit wary. Does this skills shortage really exist to the extent claimed? are there really enough people out there who would know what to do with a 'data scientist' if they were able to hire one? I see more ta…
As someone in the big data field on the ground (VP of Engineering). Let me give you my thoughts on it. Your impression about the hype is correct. There are a lot of vendors offering BIG solutions, if you pay them BIGGER money. Where I used to translate the word enterprise to $$, now I translate Big Data to $$$$$$$. When I'm hiring, I don't go looking for Big Data people, because generally they don't exist. Statistics…
For example is my view exploratory data analysis and visualization are less important than using strong models and figuring out how to apply them to problems. I say this because I haven't seen any visualization methods that really tell you much about how hard or easy it will be to develop a predictive model. Sure you can do a 2-D LDA projection and if there's a huge amount of overlap you know you're not looking at a trivial problem. But if the problem is linearly separable someone's probably already got a good solution in Excel.
As for the "Big Data" buzzword it applies well to some problems like NLP or web analytics where massive datasets are available. In these cases it's clear that the more densely your data samples the problem space the better your performance will be and even very simple models will perform well.
However there are many applications where the amount of available training data is not so large and you need to use models which are powerful enough to discover non-obvious patterns. Applying such models and adequately evaluating them, which is critical to avoiding over-fitting with relatively small data sets, requires developing quite complex processes.
Re: Big Data's Big Problem: Little Talent
#26Because it's better across the board to start your own startup than work your ass off for a 4% raise at a place which recognizes you as top talent. I'm on the verge of starting a startup myself, removing myself from the people in this list. There is a shortage of talent in computer science, but never in the other disciplines, it may take another 30 years for the suits to have the ability to understand why.
Re: Big Data's Big Problem: Little Talent
#27Earlier quoted context omitted.
I completely take most of your points, but I think that pretty much all quantitative PhD's are going to be close to "data scientists". Given that stats and explaining your research are requirements, all that's left is to train them to program, which a lot of people are already doing. As a matter of fact, since I heard about this big data stuff I've been honing my skills in this area, in case the hype actually manifes…
_delirium's post acknowledges your point but is looking for an even rarer person: "There could be more of them in the future, but someone who is top-notch at all of statistics, programming, and data-presentation has long been less common than someone who's good at one or two of those" . Someone that can program, understands statistics and can present the data in an appealing manner without losing significant fidelity…
Whether or not it will be done at all though is another matter.
Again, delirium's point is trivially true if one requires these people to know all of statistics, programming and data presentation as I don't think there's anyone who knows all of any one of these subjects.
I suppose it somewhat depends on what the skill levels for each of these areas need to be, and that varies from person to person as well as from application to application.
Re: Big Data's Big Problem: Little Talent
#28Earlier quoted context omitted.
You're absolutely right. That said, I don't buy that big-data is as revolutionary as the Internet. While in theory, every single business can collect data and optimize based on what they see, this is way too complex for most businesses to deal with. While big data has certainly been critical for the business model of ad-based startups, I don't see it being used in other industries. People keep alluding to data-driven…
This technology will change the world more than the Internet or any other technology in human history. You're right that adoption is very slow. I'm convinced that businesses could save trillions of dollars by applying existing weak AI to their problems. Why aren't they doing it ? For one thing there's a huge gulf between the average business person's understanding of what is possible and what actually is. On the othe…
It doesn't work like that. You LinkedIn profile might easily land you any job in Software development, but not consulting.
In my opinion, if you want to do consulting for big corp. you should figure out what it takes to it. An attractive website and presentation, few buzzwords, client testimonials, business cards, and the other blablabla. Yes, it's irrelevant (and shitty) to what you are actually doing, but that's actually the world of consulting.
Re: Big Data's Big Problem: Little Talent
#29As an engineer who's investing in developing "deep expertise in statistics and machine learning" I can only stand to benefit from it, but something about the current wave of Big Data hype makes me instinctively a bit wary. Does this skills shortage really exist to the extent claimed? are there really enough people out there who would know what to do with a 'data scientist' if they were able to hire one? I see more ta…
As someone in the big data field on the ground (VP of Engineering). Let me give you my thoughts on it. Your impression about the hype is correct. There are a lot of vendors offering BIG solutions, if you pay them BIGGER money. Where I used to translate the word enterprise to $$, now I translate Big Data to $$$$$$$. When I'm hiring, I don't go looking for Big Data people, because generally they don't exist. Statistics…
This is a killer in machine learning applications. The toolsets rarely cover the entire extent of what needs to be done, so at least some custom code needs to be written. But results aren't deterministic - you don't really know if it's going to work until you run it. Several iterations are often needed to get to the first useable results. It has all the problems of building any piece of software, plus another layer of risk that the accuracy just won't be there with the first thing(s) you try.
My point is... actually agreeing to be the machine learning guy on a project totally sucks because time estimates are almost meaningless, and the modern business culture is to label anything late as a failure.
Re: Big Data's Big Problem: Little Talent
#30Earlier quoted context omitted.
At a conference I attended last month, one of the keynotes estimated that there might be 250 people in the country with the skills need to build non-trivial, ontology-based data systems. Even if that is an wild exaggeration, it is at least evidence of a perceived shortage. Also note that an ability to transfer domain experts' knowledge into working models is at least as important as the Stats+ML bits.
I'd say the current academic research in ML is not oriented towards producing people who can use ML in real applications. I've hovered around the periphery of a world-leading ML research group, and the first takeaway I have is that 7 years ago I thought the stuff they were working on was going to take the world by storm, but looking back, I can say it hasn't. This group does a number of research projects on narrowly…
However I think what's really needed for this technology to develop to its true potential is figuring out how to apply it to real problems and I think that's more a role for industry practitioners than academics. The problem is that for people to make a living at this there needs to be a market. I think what we are seeing in this area is a shortage of both supply and demand with the supply side hindering the demand side and vice versa.