Home > Educational Reform, Higher Education > Actionable Analytics

Actionable Analytics

By Kenneth C. Green

It’s official: we now live in “the Age of Big Data.”  So proclaimed the lead article in the Sunday Review section of the NY Times this past week (12 Feb 2012).  Noting “a drift towards data-driven discovery and decision-making,” the Times quotes Gary King, director of Harvard’s Institute for Quantitative Social Science to set the context: “We’re really just getting under way. But the march of quantification, made possible by enormous new sources of data, will sweep through academia, business and government.  There is no area that is going to be untouched.”

The good news for academe is that the “Age of Big Data” means rising demand for training and certification.  A 2011 McKinsey Global Institute report estimates that the “big data” initiatives of US firms will require 140,000-190,000 knowledge workers with “deep analytical” skills plus some 1.5 million “data literate” managers.  (For comparison purposes, in fall 2008 some 196,000 students were enrolled in graduate programs in engineering, physical sciences, and mathematics; US colleges and universities awarded 1.6 million bachelors degrees in A/Y 2008-09. Source:  US Dept. of Education, Digest of Education Statistics 2010, Chapter 3.)  The demand for big data skills could be a catalyst for the launch of dozens (hundreds?) of new courses, and as well as new certificate and degree programs at colleges and universities across the country.  (The McKinsey report, Big Data: The Next Frontier for Innovation, Competition, and Productivity, is available in PDF, Kindle, and ePub formats from the McKinsey web site.)

Continued at: http://www.insidehighered.com/blogs/digital-tweed/actionable-analytics#ixzz1mYrwCgtA

Read the Report: http://www.mckinsey.com/Insights/MGI/Research/Technology_and_Innovation/Big_data_The_next_frontier_for_innovation

Advertisements
  1. No comments yet.
  1. No trackbacks yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: