Analytics Magazine Analytics Magazine, July/August 2014 | Page 55

candidates living out on the West Coast and a higher predominance of Ph.D.s among data scientists than the general analytics population or the big data professionals, as I call them. It all pretty much made sense to me. It was interesting because it was actually quantified. data scientists. Data storage has become so much cheaper, computing power has become much faster, nanotechnology and sensors are now becoming ubiquitous. Self-driving cars, traffic sensors, the energy grid. The list goes on and on and on. Right now the obvious stuff is happenWeren’t you a little ing with understanding Linda Burtch, founder and managing partner of Burtch Works. surprised by the extent digital streams of data of the concentration of in applications related data scientists – nearly 50 percent – to social media. That’s pretty straighton the West Coast? forward stuff, but wait until it hits the That’s for the moment, for now, but healthcare industry, for example. Selfwatch and see what happens. Analytdriving cars are going to be a huge, ics has been around for a long time, yet huge deal. While a lot of it is being done some people still ask me, “Are you sure out in California now, over the next five this isn’t a fad?” It’s not. years we are going to see it scattered Analytics has become a hugely profitall over the United States. able specialty area within organizations as they try to optimize their operations, When it comes to recruiting canor target their marketing or look at redidates and job placement, who are turn on investment issues, and that has you talking to? been around for years and years. I recruit in analytics – people who I would argue that those issues are have master’s degrees in statistics, opsort of the humdrum stuff of analytics. erations research, econometrics, people Data-driven decision-making is really who are out there working in business going to explode, and that’s what we are appli