Tag: Data mining

The 5 Dimensions of the So-Called Data Scientist

What is “data science”? Is it really a new emerging discipline as some claim it to be; or is it the emperor in new clothes – data mining, statistics, business intelligence or analytics re-branded? Moreover, is it possible that one person can fulfil the role of a data scientist? Rather than answering this question directly, let’s review some of the skills required for someone to be a “data scientist.” First and foremost, a “data scientist” is a business or domain expert: Someone who has to have the ability to articulate how information, insights, and analytics can help business leadership answer key questions – and even determine which questions need answering – and make appropriate decisions. The data scientist will need a thorough understanding of the business across the value chain (from marketing, sales, distribution, operations, pricing, products, finance, risk, etc.) to do this well. Second, a “data scientist” is a statistics expert: Someone who has to have the ability to determine the most appropriate statistical techniques for addressing different classes of problems, apply the relevant techniques, and translate the results and generate insights in such a way that the businesses can understand the value. This will be predicated on a …

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