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Future looks bright for 'data scientists' as organizations seek ways to leverage big data.

As reported on, the Harvard Business Review has said being a data scientist is "the sexiest job of the 21st century." Likewise, McKinsey & Company, a management consultant firm, has projected that in the United States alone some 1.5 million data Scientists--that is, professionals who can analyze big data to make effective decisions--will be needed.

Leveraging big data can pay off. The article cites the 2016 McKinsey study "Big data: Getting a better read on performance" to show that investments in big data yield a multiple of 1.4 to 2.0 on the level of investment, increasing profits an average of 6%.

In related news, the annual Glassdoor report suggests that data scientist remains the top job in America, based on hiring demand, job satisfaction, and pay potential. Technology and data jobs dominated the rankings; 18 of the top 50 jobs are in the tech and data fields.

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Publication:Information Management Journal
Article Type:Brief article
Geographic Code:1USA
Date:Mar 1, 2017
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