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HAGER Executive Consulting GmbH Zur Charlottenburg 3 60437 Frankfurt, Germany http://www.hager-consulting.com
Contact Ms Angela Keuneke +49 69 950920

Data Scientist - creative number whisperers

In the digital age, data is worth its weight in gold

(PresseBox) (Frankfurt, )
It is not the accumulation of mountains of data that generates added value; like the true precious metal, data can only unfold its special value after professional processing. Companies such as Google, Amazon and Facebook have shown the way and earned many billions with their data treasures. Companies must develop an individual digital business model in order to use the recovered treasures profitably. This requires true experts.

In order to keep track of the flood of data and ultimately to use the data profitably in the company, it requires a pronounced affinity for numbers, coupled with a healthy, well-dosed portion of creativity. A key role in data evaluation is played by highly competent data scientists, whose environment is located between Big Data, Analytics and Business Intelligence, the so-called data scientists.

The data scientist cannot be compared to the typical IT nerd, nor does he sit in a dark room to collect and analyse data. The main task of a data scientist is the presentation of future-oriented analyses - which can then be presented to top management in strategic plans. The data specialist digs through vast amounts of data in order to derive qualified conclusions. Ideally, these results flow directly into the business plan. Such a role in the company should not be regarded as a mere staff function, but rather as a creative impulse generator to define new business potentials and optimize existing processes as required.

In order to be successful, the data scientist must master a number of challenges and possess the appropriate skills. Below is an excerpt of the key competencies required:

- Statistical understanding and affinity for numbers

- healthy curiosity

- IT expertise

- entrepreneurial thinking

- consulting skills

Data Scientists are able to target complex issues both to top management and to the employees affected at work level. These all-rounders are therefore also good storytellers, and they needed this ability in order to present the entrepreneurial processes to all stakeholders in a targeted manner and to convey them visually well. The professional everyday life of the data scientist is highly heterogeneous, because data management is a sensitive topic on the one hand. On the other hand, data that flow together from completely different areas must be linked in a technically meaningful way.

Data science is also of great importance for top management, because data that has been competently prepared, evaluated and focused on potential business options is now a decisive factor in strategic corporate decisions. Examples are the big players in the industry such as Apple, Google, Uber and Airbnb. These companies have based their procedures and technical developments primarily on data-supported analyses. With the help of Data Scientists, companies can analyse the needs and inclinations of their customers and position themselves accordingly.

However, more than in other areas directly related to Big Data, etc., there is a massive shortage of professionals and executives. This is all the more true as the majority of Data Scientist courses in Germany were only founded in recent years. So today's senior specialists and executives are lateral entrants. In addition, the special combination of skills - which the Data Scientist combines - once again describes the often quoted needle in the haystack. Here, outside advice can be worth its weight in gold. 

Author

Dr. Monika Becker, Head of Business Unit Software, Hager Unternehmensberatung

She has been active as a consultant for Hager Unternehmensberatung since 2001. In the Business Unit Software, she and her team fill demanding technical and leadership positions for clients whose business consists of solutions based on standard software or custom software developments.

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HAGER Executive Consulting GmbH

Hager Unternehmensberatung is a partner of Horton International and offers customers at over 40 locations in the globally most important economic regions solutions for issues throughout the working life cycle: Employment Lifecycle Solutions®.

These targeted solutions for the working life cycle are mirrored in our individual divisions: in the placement of the right candidates, the evaluation of staff potential, during training to develop the personal skills of employees and supporting individual change processes.

With nearly 100 employees in Germany working in small specialist teams, a fully digital workflow and over 20 years of experience in the technology sector as well as other innovative markets, Hager Unternehmensberatung brings together the performance and process quality of the industry's big names with the speed and flexibility of a start-up.

Hager Unternehmensberatung is one of the top 15 recruiters in the DACH region and the well-known executive search consultancy for digital transformations.

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The publisher indicated in each case (see company info by clicking on image/title or company info in the right-hand column) is solely responsible for the stories above, the event or job offer shown and for the image and audio material displayed. As a rule, the publisher is also the author of the texts and the attached image, audio and information material. The use of information published here is generally free of charge for personal information and editorial processing. Please clarify any copyright issues with the stated publisher before further use. In case of publication, please send a specimen copy to service@pressebox.de.