Those of us who have seen the business impact know that there is a competitive race to get the organization, smarter, more capable, and faster leveraging its data. Get there too slow and perhaps your competitor will drive benefits and potentially steal margin. Get there too late and a startup or a business working in a different market will emerge and disrupt your business.
Researching, selecting and implementing new technologies is often the starting point for CIOs and technologists. Is Hadoop more important or a NoSQL database? What commercial build to use, deployed to what cloud, and managed by what team? How much storage and what type? Predictive analytics, real time data processing, data visualization, or semantic processing?</p>
As hard as getting the right technologies in place may be, the consensus among CIOs that I speak to, the media, and with industry analytsts is that there is, and will continue to be a shortfall of data scientists for organizations looking to become data driven. Data scientist - is that a new term, or a new job function or role? There are many definitions of data scientists such as here,here, and here but for simplicity's sake, let's just say they are the users of big data technologies. Depending on their backgrounds, they need analytics skills to ask the right questions, data vizualization abilities, coding skills to work with analytic engines, statistical backgrounds, machine learning skills and other capabilities that enable them to pick the right tool for the job, find insights, and present the results.
CIOs and their teams may be part of the internal debate on how to fill data scientist positions and where to align the role in the organization. In my experience, this debate can trickle down to the entire IT organization. After all, as a technologist don't you want to be the one delivering value from new technologies and not just solutioning, architecting and supporting a solution? Isn't this a golden opportunity for the CIO to lay claim to a critical business function and deliver it with expertise and scale?
- Organizations that already have centralized analytical team, quants, data scientists, BI experts, or reporting teams will mostly likely introduce Big Data as a new technology or practice with these teams. If the leader of this team is not producing results, then it is likely that the organization will look to make changes.
- Other organizations that have not invested or succeeded with data technologies or business intelligence - and I think this accounts for the majority of organizations - are more likely benefit from a decentralized model. More importantly, these organizations probably have to look to train people with data science skills as much if not more than trying to hire this skill set.
Want to lean more? Have a look at What technologies work best for decentralized data scientists or the 10 principles of of what data scientists need from self-service BI programs .