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May 28

Only One-Third of Companies Making Effective Use of Data

  • Created: 28 May, 2012

Summary

In December 2011 the EMC corporation unveiled the findings of the largest-ever global survey of the data science community, spanning the United States, the United Kingdom, France, Germany, India and China.

Only One-Third of Companies Making Effective Use of Data

In December 2011 the EMC corporation unveiled the findings of the largest-ever global survey of the data science community, spanning the United States, the United Kingdom, France, Germany, India and China.

http://www.emc.com/about/news/press/2011/20111205-02.htm

EMC reported that only one-third of companies are able to effectively use new data to assist their business decision-making, gain competitive advantage, drive productivity growth, yield innovation and reveal customer insights.

The survey revealed that the explosion of digital data created by mobile sensors, social media, surveillance, medical imaging, smart grids and the like — combined with new tools for analysing it all – has created a corresponding explosion in the opportunity to generate value and insights from the data.

As such, the business demand for data scientists has quickly outpaced the supply of talent. 65% of data science professionals believe demand for data science talent will outpace the supply over the next 5 years.

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