The World Needs Data Scientists
businessintelligence.com
businessintelligence.com
The rise and fall of data scientists (if they ever rise) will be swift.
Thing is, it's easy to collect a huge pile of data and then retrospectively look at the data set and see patterns in it (very often, patterns that don't actually exist but some over fitted model kind of suggests exist).
It's much much harder to get anything tangibly useful from that data.
Sometimes there is no tangibly useful data. It's all just random.*
'What have you got to show the last 2 weeks of effort?' ... 'Well, we definitely proved that there's absolutely no correlation between our manager's new initiative and online sales; that small spike we saw was within seasonal variation'. How long do you think you'll have a job?
What people need is better tools to auto-classify data into data sets and perform real time analysis of their data (like Splunk, which is amazing), so everyone can look at summary information in real time, at any time, and you can respond dynamically to changes.
* - I know, I know, no data of that sort is totally random. ...but it's often so noisy that no statistically valid information is recoverable.
With that said, there is still a need for human driven analysis of risk data in order to compose models that prioritize and collate incoming signals in ways to assist in risk management decisions. These models are highly domain specific (e.g. a model for evaluating IT infrastructure assets' risk across a global banking business) and are nontrivial to design.
I suspect that data scientists will be useful in bridging the gap between automated risk analytics collection tools and corporate risk management by assisting in coming up with risk models based on the volumes of incoming data.
Edit: or maybe "quants", not "data scientists" will fill this role. Regardless of the naming convention, it's an interesting and complex space to watch.
"Well, we definitely proved that there's absolutely no correlation between our manager's new initiative and online sales; that small spike we saw was within seasonal variation"
will be much appreciated and valued. The data scientist doesn't need to report to the head of Marketing, and won't feel any pressure to make someone else's manager look good.
If not, then they don't need data scientists.
Will they? Maybe, maybe not.
These ten-year industry forecast things are categorically ridiculous, whether they come from the Bureau of Labor Statistics or some private forecaster.
Despite the 'science' part, I think there's a significant engineering component to the job: working within resource constraints and reusing existing tools. I've heard a lot of good explanations of how to approximate an integral, but the same people aren't really keen on working on a production recommendation system.
As someone who's almost gotten their PhD in (mathematical models of) medical imaging, I think you'd be surprised at what kind of work would be consistently challenging enough to interest me.
I was at a job forum a couple weeks ago, and whenever I would bring up my incoming doctorate, company reps would be like "Oh, well our stuff must be pretty boring to you, then." I really wanted to say, "If I'm talking to you, it means what you're doing is interesting to me!"
I'm sure some PhDs are driven to improve the state of the art, but there's also a perception that a PhD won't want to go back to working on problems that are already solved in principle -- and that perception scares me, because I'm going to need a job soon....
Yes! There is an absolute myth in industry that if someone who has a PhD shows interest, then you're best looking elsewhere, because they're likely to not find the work challenging enough and jump ship easily as a result.
I'm on the verge of completing my PhD thesis, so I can easily relate to what you're saying. I've pretty much perfected the art of starting with "I'm getting my PhD, but don't assume that I'm not interested in more "mundane" things". Pretty much, I think there's a challenge to be had in any tech job, and I think the main characteristics to convey to a possible future employer is that beyond having a great tech skill set, you know how to manage a project (HUGE skill I've gained from managing my PhD), you know how to perservere in the face of adversity (any PhD candidate that hasn't faced this hasn't done their PhD the "right" way in my opinion), and you're creative right down to your core.
Again, physics isn't really a prerequisite. It is just that many physicists have the relevant experience already to be a good data scientist.
it looks pretty good. i wonder how hard it is to get into these programs.
I would completely agree with your point about technology supporting more advanced analysis: Current information processing capabilities allow us to ask new questions from higher volumes of data than was possible in the past.
Making art and making stuff you think people will like are not mutually exclusive.
(I am very serious about this, by the way - if you have expertise in analytics for storytelling, or even just interesting ideas for same, please shoot me an email.)
http://slashdot.org/topic/bi/can-big-data-prevent-hollywoods...
Here is a white paper on how to roll out you movie based upon "data scientist" analysis.
http://www.google.com/think/research-studies/quantifying-mov...
I have no idea why you are seduced by this? Whistler likened painting portraits (which he was paid very well for) to prostitution and on his own time & dime gave us his nocturne paintings which ultimately inspiring Monet in the process.
http://www.stargonaut.com/trialog.html
Analytics tells you where you have been not where you are going. Novelty changes everything and analytics can't predict innovation. That is why Hollywood and the music industry suck.
Why I'm interested: because much like money, analytics are a terrible master but a wonderful servant.
If you're ruled by them, I agree, that's limiting - but if what they're doing is providing useful information about your audience, that's invaluable. This is particularly true if you're a recording-based artist (I am), as it partially allows you to restore the feedback that you'd get from a live audience.
As many people have said, before you can break the rules you should probably understand them. Likewise, before you go against audience expectations it's helpful to know what they expect.
I think step zero for any kind of "story analysis" would be extracting structured data from the raw text--pulling out things like emotions, foreshadowing, revelations, and so on. This is pretty interesting because I don't know that I've ever heard of this type of thing--for the most part text analysis focuses on things like sentiment, topic extraction and so on. There may be some fertile ground here for new types of analyses based on how stories work.
Curious to hear your thoughts... feel free to drop me a line as well to chat more, jason [at] applieddatalabs [dot] com
In regards to topic or plot extraction I would start with "The Seven Basic Plots - Why We Tell Stories" by Christopher Booker:
The Guardian review: http://www.theguardian.com/books/2004/nov/21/fiction.feature... )
and then break down which plots in both literature and film are "fashionable" or why they work.. We are off topic now, I will take this of line
I am currently finishing my bachelors in applied math, and computer science. Started to focus on machine learning this semester and hoping to do my capstone on it.
(Disclosure: written by a friend.)
I love the idea of being able to interact with the authors as they write the book.