"Bill,
I love baseball examples, but the real story is the $2.98/yr. If you were able to add up the discounts versus the premium increases, you would find that this deal is a bonanza for insurance companies, and that from a guy who was an actuary. I…"
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Neil Raden commented on Bill Schmarzo's blog post Understanding Behavioral Economics to Change Behaviors with Big DataNeil Raden commented on Pradyumna S. Upadrashta's blog post Decision Scientist vs. Data Scientist"And one more thing - informing decisions is quite different from making them."
Neil Raden commented on Pradyumna S. Upadrashta's blog post Decision Scientist vs. Data Scientist"Perhaps the most poorly-understood area of analytics/data science etc. is the whole area of decision-making. It's about 10% math, 25% technology and 99% everything else (thanks Casey Stengel for the quip). To me a decision SCIENTIST is a…"
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The Fallacy of the Data Scientist Shortage
Posted on June 27, 2012 at 10:00am 0 Comments 0 Likes
There is no question that the USA (in fact, most of the world) would be well-served with more quantitatively capable people to work in business and government. However, the current hysteria over the shortage of data scientists is overblown. To illustrate why, I am going to use an example from air travel.
On a recent trip from Santa Fe, NM to Phoenix, AZ, I tracked the various times:
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