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Trends and Outliers

TIBCO Spotfire's Business Intelligence Blog

06/28
2011

Critical Shortage Of “Data Geek” Talent Predicted By 2018

Data Analytics Talent Shortage Predicted Critical Shortage Of Data Geek Talent Predicted By 2018New research by the McKinsey Global Institute (MGI) forecasts a 50 to 60 percent gap between the supply and demand of people with deep analytical talent. These “data geeks” have advanced training in statistics or machine learning as well as the ability to analyze large data sets. The study projects there will be approximately 140,000 to 190,000 unfilled positions of data analytics experts in the U.S. by 2018 and a shortage of 1.5 million managers and analysts who have the ability to understand and make decisions using big data.

demand for analytic talent1 300x250 Critical Shortage Of Data Geek Talent Predicted By 2018MGI models employment of data analytics experts between 2008 and 2018. It estimates 2008 employment to be 156,000, forecasts an additional 161,000 graduates and a loss of 32,000 through attrition. That brings the projected 2018 supply to 285,000 FTEs, with an expected demand of 425,000 to 475,000 positions.

McKinsey’s research looks at nine occupational categories as published by the Bureau of Labor Statistics: Actuaries, Economists, Epidemiologists, Industrial Engineers, Mathematicians, Mathematical Scientists, Mathematical Technicians, Operations Research Analysts and Statisticians. It provides a cool interactive graphic that shows current employees concentrated in just 19 of 146 industries.  MGI believes a steady stream of analytic talent will be required in all industries, as companies use big data analytics as a primary source of competitive advantage.  A similar sentiment was echoed on our blog last week.  Check out “More Proof that “Data Geek” Jobs are Hotter than Hot” or subscribe to Trends and Outliers to stay current on this and other data anlaytics topics.

Steve McDonnell
Spotfire Blogging Team

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[...] for an analysis of this demand. Two recent Spotfire posts have addressed the same topic: Data Geek shortage and Data Geeks are "Hotter than Hot". It is worth noting than Meta Brown thinks that the [...]

[...] have addressed the same topic: Data Geek shortage and Data Geeks are “Hotter than Hot“. It is worth noting [...]

[...] According to McKinsey Global Institute, the US could be facing a shortage of 190,000 people with analytical skills by 2018. McKinsey isn’t the only organization that’s spotted a potential shortfall of data scientists. In a separate study of 500 data scientists and BI professionals, EMC discovered that 65% of the respondents expect demand for data scientists to outstrip availability over the next five years. Moreover, 83% of respondents believe that new tools and emerging technologies will exacerbate the demand for data scientists. [...]

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[...] Things are only going to get worse, if last year’s research from McKinsey Global Institute is anything to go by. The Institute forecast a 50-60% gap between the supply of people with the skills necessary for data center operation versus the demand for them. “Data geeks,” as they’re called, who advanced training in statistics or machine learning, along with strong analytical skills will be in relatively short supply in a few years, with somewhere between 140,000 to 190,000 unfilled data analytics positions on the market. [...]

[...] Global forecasted a 50-60 percent gap in the supply and demand of people with analytical talent. While this may seem like an overarching business problem, it will have a profound effect on the [...]

[...] hone strategy based on data, data scientists can be hard to find. McKinsey Global Institute predicts that demand for data scientists will exceed supply by as much as 190,000 by 2018 if current trends [...]

[...] rare. And in very high demand. Mckinsey Global Institute suggests that over the next few years there will 2 jobs for every available data analyst in the US [...]

[...] Encontrar o talento necessário para o sucesso. Técnicas CXM se resumem a desenvolver uma teoria sobre o comportamento do visitante, criar um experimento que influencie esse comportamento, monitorar e aprender com os resultados. Fazê-lo requer experiência em marketing e aptidão para estatísticas. Acredito que pessoas com ambas habilidades são geneticamente raras. E possuem alta demanda no mercado. O Mckinsey Global Institute sugere que nos próximos anos haverá 2 empregos disponíveis para cada analista de dados nos EUA. [...]

 

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