From the course: Insights on Data Science: Lillian Pierson

How has the industry changed in recent years?

From the course: Insights on Data Science: Lillian Pierson

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How has the industry changed in recent years?

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- When I started in data science, it was getting a lot of visibility. So there was a time when companies were just going on hiring sprees and hiring tons of data scientists everywhere. As far as the changes I've seen in the industry since, say, 2011 or 2012 is that, well, it's moving fast. As the industry develops, the expectation of the data scientist also advances. Moving into the upcoming future with IoT analytics, there's going to be a really heavy demand for data scientists who know how to work with IoT technologies. In the beginning it was more of a thing that benefited Amazon, Facebook, Google, but now because of cost feasibility, even smaller mom and pop shops are able to benefit from big data and data science insights. I also think that the focus has kind of changed. So, yes, it's about business value, either by making more sales or capturing lost costs, but with the IoT it's now becoming about how is this affecting people in their lives, in their home, when they're at the gym? This is really making an impact on people's lives outside of business.

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