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The benefits are huge: by digitizing information-intensive processes, costs can be cut by up to 90 percent and turnaround times improved by several orders of magnitude. Companies that digitize processes can improve their bottom lines and delight customers. “Skills gap for data engineers is already a pretty big problem today. He expresses his concerns about the employment lay-offs due to the explosion in technology. Not only this, but Rana considers digitization a threat to potential employment opportunities too. Unless this happens, the skill gap will widen tremendously over the next decade.” Watch this Video on Top 10 Technologies to Learn in 2023? Companies need to start working closely with the academia to create a joint curriculum in business analytics and mathematics. Most academic programs today do not offer the right combination of coursework from all these disciplines. In order to do this, a data scientist is required to have equal mastery in math, computer science, statistics, business, finance, and specific domain knowledge. “The traditional big data core skills have involved taking a data set and modelling it mathematically, then building the model, and finally analyzing trends to come up with relevant insights. He considers education and training as important aspects that can make people technology-ready. On the other hand, Rana Gujral, Founder of TiZE, C olumnist at TechCrunch and Forbes, has a different perspective altogether. The exciting challenge for technicians will be to integrate these worlds tightly into a powerful data analysis eco-system in an era of constant change.”
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For instance, you can run data science code within relational SQL databases using in-database analytics capabilities, or run certain analytics inside BI tools. He goes on to say that “I believe that the three areas of programming, analytics and business intelligence are not that separated anymore but become more and more integrated into each other. If you take a moment to think of developments such as sensors, IoT, machine learning, self-driving cars, robotics and many more, you can imagine that the storage, processing and transformation of data into insights and services will dramatically increase, far more than skilled employees can be educated.” “New emerging technologies (especially the variety of completely new areas of applications) will aggravate the dearth of big data professionals.
#THE BLEEDING EDGE QUESTIONS HOW TO#
Watch this Video on How to Switch to IT Career Successfully in 2023? Mathias Golombek, CTO at the analytic db, speaks on the forecasted dearth of big data professionals and looks into it from a progressive point-of-view.


Some data scientists see it as an opportunity, some see it as a threat. While Information technology is still on the safe side, hardware engineers, and market research analysts are soon be replaced by automated systems.Managers, credit analysts, and insurance professionals are the highest paid people but are most likely to be automated.Doctors, Dentists, and CEO are the safest jobs that are least likely to be automated.The bank of England estimates that almost 15 million service-oriented jobs are going to succumb to automation.īloomberg, in a recent post, made some shocking revelations by plotting occupation and likelihood of being automated in a graph:.A report from Barack Obama Administration revealed that employment will extinct in the coming decade.Probably true! Starting from computers that replaced calculators to cutting-edge technologies that are on the verge of replacing humans, is probably the biggest threat scientists should start thinking about. “I don’t think it is going to happen next year or the year after, but I do believe that probably by the mid ’20s to the late ’20s, you’ll start to see a dramatic change in sort of how machines run the world, ” Greg Creed, CEO of Yum Brands
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Does it mean the technology is a risk to employment?Īre you preparing for job interviews? Check out the top Software Testing Interview Questions.
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Automation testing is replacing manual testing and is increasingly becoming a risk to people working in this domain. This is what is happening with software testing. Most of the jobs performed in an organization follow a routine and repetition, which can be easily replaced by automated systems in lesser time and least cost.
