Bringing sexy back
Move out of the way librarians, data scientist has recently been named the most popular job of 2016 and the “sexiest job of the 21st century.” But — what is a data scientist, what do they do, and is this something you should be getting in on?
Experian’s DataLabs EVP, Eric Haller, has the low down. Leading the industry of this rapidly growing career, Eric can offer invaluable insight into what sets this profession apart, what exactly a data scientists does, and what skills are necessary in order to excel in this profession.
In his own words below, Eric gives us the juicy details:
Going boldly where no man has gone before
For decades, Star Trek illuminated the television screens of homes across America. Spoken at the beginning of each episode and film were these words: “Space: The final frontier; These are the voyages of the Starship, Enterprise; Its 5 year mission; To explore strange new worlds; To seek out new life and new civilizations; To boldly go where no man has gone before.” Today, there is a new group going “boldly where no man has gone before” – data scientists.
In its short life, the data scientist profession has already been named “the sexiest job of the 21st century” by the Harvard Business Review and Glassdoor’s most popular job of 2016. And rightly so. The profession has come out of the woodwork with immense popularity. However, the term still might be foreign to most.
So, what exactly is a data scientist? And what do they do?
Explorers, problem solvers, and wizards
The role of the data scientist emerged as a result of the vast amount of data companies are acquiring. The problem: most of this data is jumbled, indistinct information. How, then, can a company use this for their own benefit? It was obvious there needed to be someone companies could rely on to take this data, build connections and correlations, and assemble insights useful for the growth of the company. The result: the rise of data scientists.
Individuals in this profession are innate explorers. They are always reinventing the wheel; coming up with new approaches to old challenges; finding solutions to vexing problems. And they do so by listening to hard data. Couple this with their analytical background and one can see what makes data scientists so attractive to the business world.
Data scientists are the wizards making seemingly unattainable ideas and goals a possibility for companies – companies who need risk assessments; companies who strive to better optimize their marketing towards key consumers; companies who could use improvements to their digital consumer user experience.
The realm of possibilities is seemingly endless for data science. Take for example these ongoing ventures. Data scientists are helping policy makers and disaster relief specialists on global security issues, like terrorism, and responding to humanitarian crises more effectively. They’re also helping companies optimize online experiences for consumers. And as these examples show, data scientists aren’t just working to grow corporations. They respond to situations in which they can use data for good.
Could you be a sexy wizard?
So, what are the skills necessary to excel in the profession?
Some include the ability to write code, develop algorithms and glean actionable insights.
Perhaps the most important skill necessary to succeed as a data scientist is effective communication and advocacy for a position. Data science is a brainy, technical field. While scientists working in the field understand the complexity of the information they study, it is highly unlikely that their client does.
Data scientists must therefore be able to think and communicate like business people – to bring the conversation down to a level anyone can understand. It is the only way they are able to successfully deliver and implement their findings.
Every day, from every corner of the world, Experian is working to attract this talent and utilize them to help a host of companies, from financial institutions to healthcare organizations, make strategic decisions towards sustainable growth. No matter the project or task, data scientists are constantly examining problems and discovering solutions that are good for businesses, consumers and society.
The need for data scientists will only continue to grow in the future. A report came out a couple years ago that estimated by 2020 the amount of data globally will grow ten-fold from today. That’s a tremendous amount of data. Raw data. Untapped potential. This alone puts the importance of data science as a profession into perspective. Data scientists are the pioneers going “where no man has gone before” for the good of our future.
Employers: Lacking remote work options may cause you to lose employees
(BUSINESS NEWS) As a vaccine gets closer to reality, employees are making their remote work preferences known – companies may miss out if they don’t keep up.
COVID-19 transformed the workplace by leveraging the home office. Working from home isn’t easy, but I feel privileged to have the opportunity. Not everyone has that luxury. As promises of an effective vaccine suggest an end to the pandemic, it’s time to think about the future of remote work. Owl Labs recently released its 4th annual State of Remote Work. This information can help business leaders support workers by understanding trends in remote work.
How do employees feel about remote work?
Obviously, the pandemic is the force behind the push to telecommute. According to Owl Labs’ survey, 70% of full-time workers are working from home. Working remotely saves workers 40 minutes every day on their commute. The survey reports that people are saving about $500 each month by working from home. Working from home is keeping people from getting sick, but it’s also adding to their quality of life. Here are a few of the other findings:
- 77% of respondents agree that working from home after Covid-19 would make them happier
- 1 in 2 people won’t return to jobs that don’t offer remote work after Covid-19
- Almost 25% of employees are willing to take a pay cut to work remotely some or all the time
- 1 in 2 people would move if they could work from home all or most of the time
To retain top talent, employers may need to rethink their attitudes about remote work
Before COVID-19, many employers were concerned about productivity from remote workers. The attitude seems to be that if you’re not in the office, you won’t be as focused. The Owl Labs’ survey found that 75% of the respondents were the same or more productive from home under COVID-19. Granted, 44% of the respondents didn’t want to get dressed up for video meetings, but they were still productive. One in 5 people worked more while working from home.
Remote work may decline as the pandemic ends, but workers want that flexibility. Employers who aren’t aware of what their workers need will lose out to other organizations. Remote work can increase diversity and give you options to retain your best team members. Keep up with the changing landscape of work to understand how to support your employees.
Inflation is coming to big brand goods, how small business can keep up
(BUSINESS NEWS) Big brands providing everyday goods are raising prices—take note, smaller producers, to determine if you need to follow suit for inflation.
Procter & Gamble and Coca-Cola are two of the mega-corporations that have said they are raising prices by September due to their own rising commodity costs. Kimberly-Clark has also warned of a “mid-to-high single digit” percentage price hikes to mitigate their own inflated costs in getting commodities.
Coca-Cola has already started to raise prices. Overall, prices are starting to go up. The Associated Press reports that it is beginning to happen, “U.S. consumer prices increased a sharp 0.6% in March, the biggest uptick since 2012, while inflation over the past year jumped 2.6%.”
Supply chains, along with so many things, got all kinds of jacked up in 2020, and we are continuing to see the effects as prices creep or sometimes shoot upward. With manufacturing and shipping prices rising, along with the costs of pulp and oil-related products, P&G, Kimberly-Clark, and Coca-Cola have stated they are hiking the prices of their popular, everyday items, things in fairly universal, high demand. Think diapers, feminine products, shampoo, paper products, and of course, food and beverages. Hopefully consumers can keep up, and hopefully small businesses are not affected too badly in the fallout.
The price hikes will initially affect the retailers buying the goods, but it stands to reason the consumers will feel the hit shortly thereafter. CBS News reported “Most retailers will pass on the higher costs to consumers, who might not even notice the difference because of the savvy methods deployed by these companies.” Demand for the big brands went up during the pandemic, even though some goods already saw early and continued upticks in pricing—toilet paper, for example.
Bloomberg adds, “P&G, whose lineup of brands also includes Charmin and Tide, is trying to navigate the waning stages of the pandemic, which had given it a boost as quarantined consumers stocked up on toilet paper and other household supplies. Wall Street is watching for signs of slowing demand as vaccinations increase and consumer behavior begins to normalize.”
As vaccine rates go up, and things move more and more toward fully opening, demand will continue to increase. However, commodity costs are rising, ports, highways and airports are more congested, and shipping prices are also rising. While the big brands and big retailers should be able to ride out the rising tide of increased costs, smaller producers need to pay attention and evaluate their own production and shipping costs. Smaller retailers need to decide who will bear the brunt when the big brands start charging them more. Will the smaller businesses be able to pass on the cost hikes to their customers?
It behooves the smaller guys to stay tuned in to what the big companies are doing, particularly with inflation. If P&G, Kimberly-Clark, and Coca-Cola are groaning about their costs, odds are it will be painful to the smaller businesses. It’s time to evaluate production methods, materials, and supply chains again. Buckle your seat belts; we’re in for some turbulence.
The 7 deadly sins of technical interviews
(TECH NEWS) When you’re preparing for technical interviews, there are a number of things to consider, including these 7 tips of what NOT to do.
The economic world has never before been so mismatched. In October of 2019 I was let go from my Oil & Gas position. Through no fault of my own, I might add. The downturn for oil started in the summer of that year and a financial impact from other countries contributed to the beginning of a major downturn for the industry. Thousands of professionals lost their jobs in probably the worst downturn O&G has scene ever. Then of course we had a global pandemic to contend with.
During the ensuing 16 months of part-time work, I not only worked as a Wal-Mart employee (don’t ask!), but also a maid, a bartender, a writer, a hawker, and pretty much anything that would allow me to survive to the next paycheck. I’ll be giving back to friends for their generosity too for a while to come. Nothing I did professionally was making any headway so just like thousands of other people on the planet I was stuck trying to find employment while being drowned in bills.
After hundreds of applications, I do not exaggerate, I was able to land a number of professional interviews. Unfortunately, I only received limited interviews because of my advanced degrees. The number of times I heard that I was over-qualified would have made a nun curse.
During these interviews however, I remembered a great deal about good practices. An article published in Smashing Magazine actually categorized the 7 worst things you can do in technical interviews. Overall, they hit the nail on the head.
- Not Communicating Effectively: This is surefire way to not get a job. You have to know how to communicate to get anything done.
- Not Admitting when you don’t know the Answer: If you get caught not knowing some information, just admit that you don’t know and demonstrate that you know how to learn it. Or that you know where to find the correct information. If you lie and they figure it out, you’re screwed.
- Cramming the night before an interview: This is a surefire way to tire yourself out and be in worse shape than if you hadn’t crammed at all, remain balanced.
- Memorizing code for algorithms & Data Structures: You have no real clue about what you’re going to be asked. Filling your head with useless information right before technical interviews that could destroy your chances of answering something effectively.
- Overlooking the “Cultural Fit” Interview: Technical interviewers almost all come from a background of doing it themselves. This being said, they are typically not really looking for your full technical knowledge background, that’s what your resume is for. They want to know if they’ll want to spend most of their week with you, or whether you can handle stressful situations and fast paced changes. Having someone who is extremely technical but who can’t actually handle a social situation is almost always worse.
- Starting with the Optimized Solution: Always starting off with the optimized solution can show a very structured and inflexible mind. Show off your versatility, not just that you get straight to the point.
- Overlooking Programming Foundations: Instead of going off on fancy things, start with the basics – if they start asking about more advanced thins then that’s the opener for you to get creative. If you just jump over the basics they wont know where your base is.
These 7 shortfalls of technical interviewees are well established. They each come from well-known interview practices. Knowing how to communicate effectively is a must, no matter what job you’re interviewing for. Taking time to relax and stay calm before an interview and not cramming your brain full of information you may have no idea is going to be talked about. It’s a good list for technical interviews to be sure.
While it is a broader perspective, there are a few more points of information in the article itself.
The thing I always try and remember in any interview, whatever it be for a CEO or for McDonalds, I have a few rules to keep in mind. Not that they always got me what I wanted but it’s something to start with for those of you reentering the work force for whatever reason:
- Be yourself: If your main goal is to hide character flaws, then ultimately one mistake could give them a bad impression. If you go into the meeting being yourself, you can at least be truthful on your strong or weak points to ensure best fit.
- Be prepared: You know yourself, or at least I’d hope so. You know whether its best for you to study the week before or the night before technical interviews. Make sure you know the position you’re interviewing for and the company itself. You don’t have to memorize everything but you need to be prepared.
- Be calm: You might be the nervous sort who has to pace on phone interviews. Well, if you are, just keep that in mind. I know for a fact that those interviews that I took on the phone without video, I paced around my room continuously. Whatever you need to do to appear calm and coordinated, do it.
- Be observant: Reading the room is an essential skill for anyone trying to get a job. You could be blabbing the secrets of becoming a millionaire to someone who just doesn’t want to hear it. You wouldn’t get hired. You have to be able to know what’s going on around you.
As the world is, finding job is just a difficult process. You have to remember to not give up. That is the only thing that will stop you, quitting. Use any and all connections that you’ve made to keep moving forward. Don’t hesitate to use social media either. It’s there for a reason. Good luck!
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