Smart Buildings

If Data Is The New Gold, Then Data Scientists Are The New Gold Miners

If data is the new gold, then data scientists are the new gold miners, and they use a smart generation of tools to prospect, unearth and refine nuggets of actionable intelligence from growing big data mines. You need only look at recruitment website to see the massive demand for data scientists, as well as their ascent in salary and stature. So what does the rise of the data scientist for smart technology and IoT sector? “The driving force of big data is not technology, but the economics of data storage. Cell phones, lifts, doors and weather stations always used to throw out tremendous amounts of data every few seconds; we just never used to record it. Now we can,” says David Richards, chief executive and co-founder of software company WANdisco. However, “data itself doesn’t mean anything unless you translate meaning from it. It doesn’t replace decisions, it improves decision-making. Companies no longer need to speculate […]

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