The document discusses the growing demand for data scientists and an insufficient supply to meet that demand. It notes that the value of the big data industry is expected to grow substantially by 2018 but that there is currently a shortage of over 140,000 people with needed analytical skills in the United States alone. Data scientist is described as the sexiest job of the 21st century. Reasons for the gap between supply and demand include the field being relatively new and traditional university programs not adequately preparing students across disciplines needed. Data science bootcamps are presented as a way to help address the gap by rapidly training professionals from STEM fields and providing opportunities for career changes or advances.

1. March 27, 2015

2. Growing Demand for Data Scientists
• The value of the big data industry is expected to grow to
$114 billion by 2018 (ABI Research)
• The United States alone faces a shortage of 140,000 to
190,000 people with analytical expertise and 1.5 million
managers and analysts with the skills to understand and
make decisions based on the analysis of big data
(McKinsey)
• Data Scientist: The Sexiest Job of the 21st Century
(Harvard Business Review)

3. Statistics
Communication /
Presentation Skills
Machine
Learning
Programming
Growing Demand for Data ScientistsInsufficient Supply of Data Scientists
Domain
Knowledge
Some Reasons
• Relatively new industry
• University educates via “majors”
within departments, while the data
scientists needs skills across
many disciplines

4. • Speedy Inflow of trained data
scientists
• Smart creative thinkers who have
math backgrounds and analytical
training
• Experienced managers with data
science expertise who can hit the
ground running
• Domain specialists who understand
data science
Industry Needs
• Talented MA and PHD graduates in
various STEM fields
• Shortage of jobs for STEM majors –
people doing two and three post-­
docs
• Tech professionals who have
natural interest in data science or
who see data science as a way to
advance their careers
• Data analysts / statisticians who
want to “modernize” their skills
The Gap Between What Industry Needs and What the Market Has to Offer
Synergy Between What Employers Need and Market Conditions
Available in the Market

5. Benefits for Data Science Employers
• Intensive program gets scientists and mathematicians up to speed
quickly
• Prior skills can be leveraged in the workplace
• Opportunity to work closely with bootcamp curriculum developers to
assure programs and projects meet their needs
Benefits for Bootcamp Students
• Provides opportunities to STEM professionals who are in an
otherwise tight job market
• Allows them to focus on only the areas of study where they are
weak
• Less expensive and more timely than another degreed program
DData Science Bootcamps: Realizing Potential of Synergies

6. NYC DATA SCIENCE ACADEMY
• 12-­Week Immersive Program
• Combination of didactic training and project work
• Focus on use of R, Python, Hadoop
• Works with employers to design project work that employers need and
value
• Accepts talented STEM majors – mostly MA and PhD level – with
domain expertise in a wide number of areas
• Accepts experienced managers who can lead data science teams

7. www.nycdatascience.com/bootcamp