March 27, 2015

Growing Demand for Data Scientists

• The  value  of  the  big  data  industry  is  expected  to  grow  to  $114  billion  by  2018  (ABI  Research)

• The  United  States  alone  faces  a  shortage  of  140,000  to  190,000  people  with  analytical  expertise  and  1.5  million  managers  and  analysts  with  the  skills  to  understand  and  make  decisions  based  on  the  analysis  of  big  data  (McKinsey)

• Data  Scientist:  The  Sexiest  Job  of  the  21st  Century  (Harvard  Business  Review)

Statistics

Communication  /Presentation  Skills

MachineLearning

Programming

Growing Demand for Data ScientistsInsufficient Supply of Data Scientists

DomainKnowledge

Some  Reasons• Relatively  new  industry• University  educates  via  “majors”  within  departments,  while  the  data  scientists  needs  skills  across  many  disciplines

• Speedy  Inflow  of  trained  data  scientists

• Smart  creative  thinkers  who  have  math  backgrounds  and  analytical  training

• Experienced  managers  with  data  science  expertise  who  can  hit  the  ground  running

• Domain  specialists  who  understand  data  science

Industry  Needs

• Talented  MA  and  PHD  graduates  in  various  STEM  fields

• Shortage  of  jobs  for  STEM  majors  –people  doing  two  and  three  post-­docs

• Tech  professionals  who  have  natural  interest  in  data  science  or  who  see  data  science  as  a  way  to  advance  their  careers

• Data  analysts  /  statisticians  who  want  to  “modernize”  their  skills

The Gap Between What Industry Needs and What the Market Has to Offer Synergy Between What Employers Need and Market Conditions

Available  in  the  Market

Benefits  for  Data  Science  Employers• Intensive  program  gets  scientists  and  mathematicians up  to  speed  quickly

• Prior  skills  can  be  leveraged  in  the  workplace• Opportunity  to  work  closely  with  bootcamp curriculum  developers  to  assure  programs  and  projects  meet  their  needs

Benefits  for  Bootcamp Students• Provides  opportunities  to  STEM  professionals  who  are  in  an  otherwise  tight  job  market

• Allows  them  to  focus  on  only  the  areas  of  study  where  they  are  weak

• Less  expensive  and  more  timely  than  another  degreed  program

DData Science Bootcamps: Realizing Potential of Synergies

NYC DATA SCIENCE ACADEMY

• 12-­Week  Immersive  Program• Combination  of  didactic  training  and  project  work• Focus  on  use  of  R,  Python,  Hadoop• Works  with  employers  to  design  project  work  that  employers  need  and  value

• Accepts  talented  STEM  majors  – mostly  MA  and  PhD  level  – with  domain  expertise  in  a  wide  number  of  areas

• Accepts  experienced  managers  who  can  lead  data  science  teams  

www.nycdatascience.com/bootcamp