3. Big Data - Definition
George Dyson, Strata conference in London
2012:
“the era of big data started when the human
cost of making the decision of throwing
something away became higher than the
machine cost of continuing to store it.”
6. ● 80% of new data scientists jobs are not filled
● By 2018 the US will have a shortage of
190.000 data scientists
Teaching 1 - No Unicorns
Source: http://blogs.wsj.com/cio/2014/02/14/it-takes-teams-to-solve-the-data-scientist-shortage/ &
http://blog.pivotal.io/pivotal/news-2/mckinsey-report-highlights-the-impending-data-scientist-shortage
7. Teaching 1 - No Unicorns
Finding Data Scientist Unicorns…
Source: http://www.forbes.com/sites/danwoods/2012/03/08/hilary-mason-what-is-a-data-scientist/ &
http://drewconway.com/zia/2013/3/26/the-data-science-venn-diagram
8. Teaching 1 - No Unicorns
Source: http://www.oreilly.com/data/free/files/analyzing-the-analyzers.pdf
9. Teaching 1 - No Unicorns
Hacking &
Engineering
Statistics &
Analytics
DATA
TEAM
Business Analysis
& Communication
10. Teaching 2 - Street Fighting DS
*Source: http://de.slideshare.net/pskomoroch/street-fighting-data-science-12072010
11. Teaching 2 - Street Fighting DS
*Source: http://de.slideshare.net/pskomoroch/street-fighting-data-science-12072010
● Focus on results, improvise
● Careful with complex models
(Occam’s Razor)
● Check your assumptions
● Look at your data, literally
● Robust evaluation processes
15. What’s next? - Data Maturity
Data Maturity
Competitive
Advantage
Collect
Data
DWH,
Ad Hoc
Reports
Standard
Reports,
Analytics
AB-Testing,
Growth
Hacking
Predictive Modelling,
Multivariate Analysis
Recsys,Data Products
Data Democratization, Business Science
16. What’s next?
Data Science Big Data
Source: http://www.gartner.com/newsroom/id/2819918,
Gartner Hype Cycle for Emerging Technologies 2014