Analyzing data is important, and the analysis has become ever more complex, but things haven’t changed so much that a data scientist is a different species. A data scientist is a person or a team who tries to adapt complex modeling to the business world.
Who Needs a Data Scientist?
The focus of a mainline business, large or small, is: “How can I know more about my processes and my ecosystem in order to make better decisions in a more timely fashion?” Just as that business isn’t going to build its own phone system, as a better ROI is to use another firm who knows how to do that, there’s no need for a business to sit back and think, “Gee, what algorithms do I need to perform better?”
The business intelligence (BI) industry exists purely to answer that question for their customers. Just as a vendor will tell the company why VoIP is a better business solution, then deal with the technical issues itself, the BI vendor’s job is to figure out the tools that will best help the market, provide those tools and show the customers how to access and leverage the tools. A business doesn’t need to know how VoIP works, but its people need to be trained to use a new system. In the same way, a business doesn’t need to know how an algorithm works, its people only need to know how to use that tool to gain insight.
If the BI firm does its job, training will occur so the business customers know what data to feed the algorithm and then understand how to read the results. There’s a black box that processes, just like the black box running the lights, phones and other fundamentals in the office.
In a similar way, we’re seeing the artificial intelligence (AI) industry, and its deep-learning offshoot, leverage the same term to describe the people building the deep-learning networks. The same issues that apply to BI apply to AI.
That means the market for the “data scientist” is instantly restricted. The firms incorporating the algorithms into software and providing the wrappers to make the algorithm accessible can pay a person or a team to provide that function, but the majority of IT organizations don’t need to do so.
The concept of focusing on how the massive amounts of modern business data can better be analyzed to improve business performance is great, but it isn’t new. It’s a regular part of business software.
The individual or team, often called the “data scientist”, providing the deep, technical skills to convert modern mathematical models into useful business software are critical to the BI and AI industries – Not to the IT world in general.
Reference Link: https://bit.ly/2MQC688