Press release from Business Wire
“Big Insights” Demand the Right Data Science Team, Says Booz Allen Hamilton
Tuesday, August 06, 2013
“Big Insights” Demand the Right Data Science Team, Says Booz Allen Hamilton09:00 EDT Tuesday, August 06, 2013
MCLEAN, Va. (Business Wire) -- With the explosion of cloud technology and advanced analytics, it's suddenly possible to pair the diverse, seemingly-unrelated sets of data to attain mission-driving insights. But it's only with the right data science team – a fusion of technical and domain experts – that organizations can push past the hype of “big data” to “big analytics,” and reach those game-changing insights.
Booz Allen Hamilton outlines this approach in an infographic exploring the anatomy of the data science team. Foundational elements of a data science team include:
- A combination of technical and domain expertise. Combining the technical expertise of computer scientists and mathematicians, and statisticians, with a critically-important, but often overlooked, element – domain knowledge – can help fuel smarter, data-driven decisions.
- Application of the scientific method to diverse data. Using the model – observe, question, hypothesize, test and analyze – the team can produce an entirely new level of insight and direction from diverse sets of data. For instance, for a financial services firm seeking to deter fraud, this may involve examining connections between payment records and exchange rates.
- A six to nine month rotation of the team's domain specialists. Armed with institutional knowledge in areas such as financial services, healthcare or defense, these domain specialists can contribute to a stronger understanding of the mission at the data science team level, and importantly, carry back new insights to organization decision makers.
“The emerging field of data science is a fundamental piece to unlocking the power hidden within the avalanche of data,” said Booz Allen Hamilton vice president and data scientist Dr. Joshua Sullivan. “Our government and commercial clients see the greatest return when their data science teams possess the expertise to help ask intuitive questions of data, and the ability to translate the newly-discovered insight into information that matters to the organization's core mission.”
On June 4, Booz Allen and the University of Maryland announced a partnership that will support students in the fields of data and computer science. The Corporate Partners in Computing Program helps government and industry better understand data's inherent value, and meet the growing demand for data scientists.
Click here to see the infographic.
About Booz Allen Hamilton
Booz Allen Hamilton is a leading provider of management consulting, technology, and engineering services to the U.S. government in defense, intelligence, and civil markets, and to major corporations, institutions, and not-for-profit organizations. Booz Allen is headquartered in McLean, Virginia, with a MENA headquarters in Abu Dhabi, employs more than 24,000 people, and had revenue of $5.76 billion for the 12 months ended March 31, 2013.
Booz Allen Hamilton
Carrie Lake, 703-377-7785