Tagbusiness intelligence

Good News for Data Geeks, Bad News for Everyone Else

not hiring

I have a new piece on the dismal impact of information technology on the workforce at ReadWriteWeb:

Last week we told you that enterprises are investing more into business intelligence and analytics initiatives. This week there’s more good news for professionals in this area: according to KDNuggets, salaries are rising for analytics and data mining professionals.

Based on a poll with approximately 250 respondents, KDNuggets found that salaries are up from its 2010 poll in North America, Western Europe, Asia and Latin America. (There is no mention of Eastern Europe, Africa or Antarctica.)

It’s a good time to be a geek, particularly one with a background in statistics, analytics and data mining. But a bad time to be almost any other type of worker.

For example, The New York Times reported on software that can process legal documents at a fraction of the cost of hiring lawyers and paralegals:

“Some programs go beyond just finding documents with relevant terms at computer speeds. They can extract relevant concepts — like documents relevant to social protest in the Middle East — even in the absence of specific terms, and deduce patterns of behavior that would have eluded lawyers examining millions of documents.”

That’s good news for the people who develop that software. But for people in the legal profession? Not so much.

ReadWriteWeb: Good News for Data Geeks, Bad News for Everyone Else

Supplemental reading:

Paul Krugman: Degrees and Dollars

Paul Krugman: Autor! Autor!

Krugman, again, on the same issue back in 1996

And, less dreary but probably less realistic:

Jobs 2.0: Data-centric Jobs for Generation Y

Photo by Daniel Lobo

Cloud agents and business intelligence

Business Intelligence. The enterprise will increasingly use cloud agents and semantic analytics to better understand their customers, markets, finances, and internal workflows. Companies will engage in behavioral modeling and web meme profiling more aggressively. With diminishing worforce resources due to budgetary constraints, increased investment into automation and intelligent software solutions will give businesses more information and feedback without requiring as many large paychecks. Electronic business workflows, services, and applications will evolve to write more intelligent metadata and semantic subtext into file formats while similarly reporting usage analytics out to dyanamic data streams. All of this data will be sorted by cloud agents, filtered, parsed, and then rendered to rich media layers (eg Flash) for practical visualization and analysis. All documents and file types will evolve to contain more legacy information about who and how the file was created, when & where, who has access rights and to what degree, who has reviewed them and what comments have been attached. Such intelligent files will enable greater and greater usage by both human and cloud agents.

From: urbeingrecorded

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