Data and Analytics Market Review

David Farmer our consultant managing the role
Posting date: 7/5/2016 10:44 AM
Anyone working in analytics will know as well as I do that things move fast. The pace of change and evolution in the market means that each year presents new challenges and opportunities for us all. As I write this, we are busy planning our 10th anniversary celebrations; since the first day Simon and I started working from a couple of desks in his lounge back in 2006, we’ve immersed ourselves in data and analytics, and now Harnham is filled with a thriving team who are equally as passionate about the market as we are.
Harnham’s Market Insight

2016 saw us release our latest data and analytics salary guide. Apologies to those who had issues downloading it – our website was overwhelmed by the 900 people who downloaded it in the first few hours alone! It yet again, emphasised many interesting points about the market, whether you’re hiring or being hired. If you would like more information on anything from this year’s guide, feel free to get in touch with one of the team.

Beyond the UK, 2016 has been a busy year. Harnham’s international expansion has continued apace – in the last year, we have welcomed Alex Hutchings as Director of our European business and Craig Brown as Managing Director of Harnham USA. With these two additions, we now have consultants working in 11 countries across Europe alongside our growing UK and USA teams, meaning we are more equipped than ever to support you in any of these regions.

As well as learning to say resume rather than CV, the team in the USA has also shared their tips on strategic CV writing and how to overcome hiring challenges

Salary Guide 2016 Stat 

Data And Analytics Is Moving On

Over the last few years, data and analytics has spread its reach far and wide. Data science in particular, has continued to grow as a discipline, moving it from “must-have title” and industry buzzword to a clearly defined discipline.

For graduates entering that market, the options are broad and potentially bewildering. So, Harvey offered solid advice for graduates in his recent article.

As fast as the market is developing, it is not without its struggles, as seen in Jethro’s post about why it is hard to build a Big Data team, whilst Ross detailed why Business Intelligence is often considered “old news”.

Beyond simply focusing on analytics and data, we’ve created commentary on topics important to us this year. As a new dad, I wrote about what I see the challenges working parents face and what I believe companies can do to support them.

With all this activity, let’s not forget about the over 500 people we have found roles in the last 12 months! All in all – it’s been a busy start to the year, with more to come!

You can get involved Don’t forget to download your copy of the 2016 Harnham Salary Guide and participate in ourongoing survey and tell us which trends we all should be looking out for in 2016 – 2017.

Related blog & news

With over 10 years experience working solely in the Data & Analytics sector our consultants are able to offer detailed insights into the industry.

Visit our Blogs & News portal or check out the related posts below.

Life Science Analytics Lead the Way to a New Normal

The Life Science Analytics industry has always beaten to its own drum. But in the days of Covid-19, there’s a different feel and it’s one in which teams are coming together and candidates are staying longer in jobs where they feel connected and impactful.  As the drive for a vaccine and the virtually overnight demand for telemedicine and contactless care come to bear, this industry which once seemingly fell behind that of retail and banking has caught up. So, what can businesses like biotech, pharmaceutical, and other healthcare providers do to retain and keep top candidates? EXPAND AND GROW YOUR TEAM LOCALLY AND GLOBALLY Reskill and Upskill for Career Advancement - If you’re lucky enough to have retained top talent, re-consider tenure-based positions. Advance your great candidates based on performance, need, upskilling, or reskilling. You may already have someone on staff who can do the job you need done or have the potential. Let them. The world has been moving faster than it ever has in this year alone its jumped into warp speed.Consider Global Collaboration – While many professionals, in every industry are working from home these days, some simply can’t due to the nature of their business. In this case, the need to be in the lab. However, as the Life Sciences & Analytics industry leads the way in their approach to flexible hours and the available Data on COVID-19, for example, global collaborations allow teams to do their work without the need for lab access.In demand technical skills - Candidates skilled in Data gathering, algorithm development, and predictive modeling are in high demand as well as AutoML, NLP, and other Machine Learning solutions. In demand soft skills – As the impact of the above technical skills increase and offer proven solutions, it will be important to have Data professionals who cannot only manage the technical side of things, but who can also explain solutions to the nontechnical and business executives in plain language. Since the start of the year, we’ve seen a massive shift in the way we do business. While for some businesses, it was business as usual for the most part. For others, it completely reinvented others. Healthcare and Life Sciences are no exception. And in the healthcare industry, they’ve been stretched in ways unimaginable just last year. And have learned a new respect for numbers and accurate Data. Two things vital to moving forward. A NEW RESPECT FOR NUMBERS AND ACCURATE DATA This new respect for accurate numbers and Data will help teams align to predict new threats while tracking current ones. In other words, no one will be caught off guard next time as the Life Sciences and Healthcare industry prepare for a post pandemic transformation. And how will it impact the industry moving forward? Work from home policies, global teams, telemedicine, the demand for PPE and ventilators, even the demands of the financial side of healthcare have shifted. But with the right data, innovation, and improved efficiency, it’s a sure bet the industry won’t be caught unawares again. WELCOME TO THE NEW NORMAL Though every profession has been hard hit during the pandemic, it’s the healthcare industry which has seen an even greater shift in the need demands to be met, shifting priorities, and patient care delivery has gone online. By moving forward with telemedicine and other automated services, the revenue cycle of the industry, too, has seen a shift. Yet to maintain business continuity, they must close the revenue gap. And here’s where Life Science Analytics meets FinTech and InsurTech. All of these industries will need Data professionals who can speak code and translate it to the nontechnical. All will need professionals with skillsets in predictive modelling, automation, Machine Learning, AI, and more. Is it you they’re looking for?  If you’re interested in Data & Technology, Risk or Digital Analytics, Life Science Analytics, Marketing & Insight, or Data Science jobs we invite you to check out our current vacancies or get in touch with one of our expert consultants to find out more. 

Three Ways You Can Better Prepare for the Future of Work

From reusable planners to navigating Zoom meetings, the world of work has changed irrevocably. Though some businesses are hoping to return to the formal in-house model, many are opting to remain remote workplaces.  Data and web professionals have often worn a mix of hats between the two versions of work even taking breaks or making changes through contract work. The options open now, if structured well, could mean more productivity, safe environments for employees working from home rather than in house, and what may look like true work-life balance.  But what does this mean for the world of the Data professional? Isn’t their career path already pandemic proof? Though it depends on the need of the business, this path isn’t as limited as others might be. But as everything from the world of retail to legacy institutions like banking move online more permanently, opportunities are expanded.  TRANSFERABLE SKILLS ARE KING As more and more professionals seek new ground, transferable skills are more in demand than ever. Specifically, those soft skills of communication, working toward solutions with limited resources, and crafting creative solutions when working through seemingly impossible problems. How professionals handle these issues, pivot on a dime toward solutions in a swiftly changing environment, and the experience they bring with them from other backgrounds all play a role. A maturity level of professional experience far outweighs age or education. Businesses are looking for those who have not only studied toward their career, but who have experience to navigate any changes when the chips are down, and help the business stay on top of its game. BE ABLE TO NAVIGATE CHANGE Employees can be trained, upskilled, or reskilled when it comes to the technical aspects of their job. But what businesses need now are those professionals who can handle pressure well, understand the inner workings of organisations from a business perspective, and are customer-focused.  JOB HOPPING IS NO LONG TABOO  In recent years, if a resume showed more than a few jobs, it was deemed taboo. The professional was job hopping? Why? Was it the employee? The manager? Why couldn’t the employee stay in one place? Today, job hopping is no longer taboo. It’s expected. To keep things fresh from both the business and the employee perspective, changing jobs is part of the next normal. Sabbaticals, once the darling of academia, are finding their way into other professions as well. Renamed contract work, this short-term experience, can lead to permanent roles, or just a quick change for employees to recharge from their former roles.  This is the time to reassess, recharge, reskill, and upskill your way to success as a Data professional. The high demand and the skillset shortage is shrinking, but the demand remains and will continue to grow. So how will you structure your career path for the next normal? In the wake of work-from-home policies, remote working, and the shifting landscape of working outside the office, technology, and particularly biotechnology careers are prime opportunities to both gain increased knowledge in your chosen field or begin your career path.  If you’re interested in Big Data & Analytics or other Data professional opportunities, take a look at our latest jobs or get in touch with one of our expert consultants to find out more.  

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