The McKinsey Global Institute predicts that the US will have a shortfall of 140,000 - 190,000 people with critical analytical skills by 2018.
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Students receiving the Applied Data Science minor will become fully proficient in all steps of data analysis and will be able to:
Define the applied data science question;
Identify, locate and/or generate the data (including defining the ideal data set and variables; determining and obtaining accessible data; and cleaning the data in preparation for analysis);
Demonstrate exploratory data analysis (start identifying the significant characteristics of the data and information it contains);
Demonstrate statistical modeling and prediction (including interpretation of results, challenging results and developing insights and actions);
Synthesize the results (in context of the domain);
Create reproducible research (including code and datasets, documentation and reports that are easily transferable and verifiable).
The McKinsey Global Institute predicts:
A nationwide shortage of 140,000 to 190,000 workers with “deep analytical skills”;
A deficit of 1.5 million managers capable of using big data analytics for actionable insights in their decision-making;
A 40 percent annual growth in global data; and
A $300 billion in potential value-add of data analytics to the nation‘s health care industry alone.
Other predictions by Gartner Inc. indicate that:
By 2015, 4.4 million information technology jobs globally will be created to support data science and analytics, generating 1.9 million IT jobs in the U.S.;
The U.S. government anticipates a shortage of about 50,000 qualified workers in health Information Technology between 2010 and 2015. Healthcare companies are increasingly borrowing technology specialists from other industries.