http://www.cognizant.com/code-halos The worlds of data science and business analytics are changing. Companies like Amazon and Netflix who embrace these changes and recognize the power of Code Halos have risen to great success while those who ignore it sink. Paul Roehrig, Co-Director of Cognizant’s Center for the Future of Work, and DJ Patil, Chief Data Scientist of Greylock Partners, make sense of the changing tides.
One element driving these changes is the millennial workforce that makes up the majority of data scientists. These young workers are skilled at making sense of immense volumes of data and can turn it into value added products, such as recommendation engines. These same workers are innovating outside the workplace by taking part in hackathons and contributing to open source code. The companies who take this enthusiasm and drive it back into the workplace will have a huge competitive advantage.
Another element is the use of data as a storytelling device. Data works best when it is part of a conversation and has some emotion to it. Data should grab the viewer’s attention and should provide a moral to the story so that the viewer can take that message and apply it to their own work.
What can companies do to position themselves to be able to see data in a new light? The key is to democratize the data so that everyone in the organization has access. While this may be the CIO’s worst nightmare, more eyes on the data mean more ideas and more insight.
Change is coming from all directions. Cognizant is here to guide you into the future of data science and business analytics. Click the link above to learn more.
Dr. DJ Patil has backgrounds in academia, industry, and government, as well as data science. He has contributed to LinkedIn Corporation, Skype, PayPal, and eBay.
Paul Roehrig is responsible for developing direction, service offerings, go-to-market programs, and more at Cognizant. An acclaimed industry thought leader, analyst , and practitioner in business technology services, he has authored dozens of articles with Cognizant.