Data Is The New Oil

Written by Jan Corpus. Posted in Creative, Technology

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scientist

Published on March 26, 2016 with No Comments

“Data is the new oil,” said Andrea Weigend, Stanford’s Head of the Social Data Lab, also the former Chief Scientist at Amazon. To the disadvantage of companies, technology is evolving faster than the workforce’s ability and skills to make sense of it, and organizations across all sectors need to adapt quickly to the new reality or perish.

Due to massive interest in the emerging field of data science, organizations of all sizes are turning to people who are capable of translating this trove of data – created by mobile sensors, social media, surveillance, medical imaging, smart grids and the like – into predictive insights that lead to business value.

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