A Decade of Data

Joshua Carter our consultant managing the role
Posting date: 12/3/2019 10:53 AM
Y2K was nearly 20 years ago. Remember when we were all worried about the massive changes that could mean; the preparations we made getting ready for the turn of the century? Ten years later, we scoffed at our worries and hopped on the Data bandwagon…some of us. Others are still trying to catch up but in recent years, most businesses have realised it isn’t a matter of “if” you should have a Data strategy and begin to build your team, it’s a matter of “if you don’t do it, you’ll be left behind.”

As the year and the decade come to a close, we thought we’d take a look back and see some of the trends which have shaped a decade of digital transformation. And like everyone who takes a moment to look back and reflect, in our next article, we’ll take a look forward and see what surprises 2020 has in store.

Data Trends Then and Now


Still reeling from the financial crisis of 2008-2009, budget concerns were top of mind for many. The takeaway? Plan, and be flexible. 

Other trends which began in 2010 still exist today, but the vocabulary has changed. And there are further changes still which impact our technologies today and in ways we may not have realized.

  • Train and Retrain becomes Upskill and Reskill. In 2010, organisations were advised to train, and cross train their staff. Not much has changed in ten years as it’s just as important now. Only the vocabulary has changed. Now it’s upskill and reskill those employees with the skill and inclination to pivot into more Data-centric roles within your company.
  • Colocation Concerns Give Rise to the Cloud. Astronomical real estate costs for Data centre space and colocation prices drove businesses to find another way to store and manage their Data. As Cloud Computing spread, it allowed companies to avoid costly IT infrastructures. Not only did this save money, but it also gave businesses the flexibility they needed. In addition to the benefits of enterprise level organisations, cloud computing levels the playing field for smaller businesses to get in on the game.
  • Virtual in the Palm of Your Hand. Smartphones and apps offer project management of our businesses and personal lives from “what’s for dinner?” to “let’s schedule our next meeting.” Our smartphones are a one-stop shop for phone calls, text messages, video conferences, scheduling, communication with remote teams, online banking, bill pay, and more.
  • Eco-friendly is not an option, it’s an imperative. Carbon-emissions and reduction plans were already abuzz within companies. Today, Data has evolved from LEED green building certification to massive advances and predictions on the climate crisis. Standards are set.
  • Blockchain finds friends in finance, and beyond. Though it debuted in 2008 in the finance industry, it was quickly snapped up in every industry from manufacturing to retail to shipping; any business requiring a more organised supply chain. 
  • Rise of Automation and Artificial Intelligence (AI) offers benefits beyond basic tasks. While this evokes fears for many in the workforce, there are benefits which is what’s driving things forward. While this is intended to streamline processes and avoid health risks in dangerous places like factories, there is still some cause for concern. However, some studies suggest people are happy to allow computers to take on mundane, routine, and menial tasks, freeing humans to think more creatively. 
  • Getting Social Goes Online. Though platforms like Facebook and MySpace (yeah, remember MySpace?) were already available in 2010, the plethora of platforms today was a glimmer in our smartphones’ eye. No longer relegated to youth culture, social media has become one of the most important ways for leaders and corporations to communicate with people. 

The Information Age has morphed into the 'Data Decade', with improvements across Data and Analytics, AI, and Machine Learning just to name a few. It’s enhancements within these spectrums which allow Data professionals to search and sort more quickly to provide the most useful Insights for their enterprises.  

It’s estimated that in the next couple of years, 90% of companies will list information as critical and Analytics as essential to their business strategy.

If you’re interested in Marketing & Insights, Robots and Automation, Big Data and Digital or Web Analytics, we may have a role for you. Take a look at our latest opportunities or get in touch with one of our expert consultants to find out more. 

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.

Why Businesses Need To Put Fraud Prevention Front And Centre

If Fraudsters are anything, they are opportunists. Once the first new stories about COVID-19 started running, it wasn’t long until they were joined by tales of fraudsters selling face masks and hand sanitiser, asking panicked customers to transfer money and then disappearing without a trace.  And it’s not the first time we’ve seen this. Fraudsters are notoriously wise to periods of heightened sensitivity and uncertainty, often preying on the vulnerable. The 2008 financial crisis saw an increase in email-based phishing scams and a decade’s worth of technological advancements means that Fraud remains a many-headed beast.  Add into the mix a change in working styles and environments, and many businesses are more exposed to potential security breaches than they have been in years. Now, more than ever, companies need to make sure their Data is well protected and secure. THE FIRST LINE OF DEFENCE If you’re part of, or leading, a Fraud Prevention team, there are a number of ways you can support your business and keep on top of the situation. Here are just a few: Increase and update your investigation capacity. This team are the front line of your business’ Fraud defence team, interacting with customers daily and spotting new scams. During an uncertain period, retention and team stability is key. These are the people that understand the day-to-day Fraud challenges you face and will be essential in fighting any future challenges.  Sharing Fraud Prevention knowledge is key. Throughout this crisis, trends will be evolving quickly and working collaboratively across teams, and even other businesses, is the best way to combat this. We consistently hear from Fraud Managers that the key to beating Fraud is to share information and knowledge. Despite this, there is always a hesitation amongst companies to admit that they have been a victim to an attack. Perhaps now is the time to change this. Invest in Machine Learning and real time updates for your Fraud defences. Fraud technology has moved on from script writing in SQL and rule changes. Businesses need a real time reactive response and now is an important time to be embracing new technologies. There are a number AI-driven off the shelf packages available or, for a more bespoke solution, a Fraud Data Scientist can create something internally. Educate your team. It may seem simple, but the Fraud team can play a crucial role in minimising any potential risk from human-error. Educating employees on the risks they may face when working remotely, or what scams they need to look out for, is one of the most effective ways of fighting Fraud.  PREPARING YOUR BUSINESS Success in the fight against Fraud isn’t purely down to the group of individuals that make up the Fraud team. As a business, now is the time to be making decisions that can help you stay ahead of the Fraudsters. Here are some considerations: Consider investing in tech as an your immediate response. Not just to bolster your Fraud defences (although there are plenty of vendors offering AI-based solutions), but also technology for your employees to keep work as normal as possible such a sharing platforms, DevOps technology and video calling networks. One of the best ways to block some of the vulnerability loopholes fraudsters are trying to exploit is to keep working habits as close to normal as possible as you move to a remote solution. Be transparent with your customers. Consumers are being incredibly savvy and noting how businesses respond to the pandemic in a way that could have a big impact when normality returns. But they’re also being more empathetic and are willing to understand difficulties. For example, shopping delivery service Ocado were open and transparent when their system could not initially deal with demand. Having communicated the difficulties, worked through their issues and gone the extra mile to let customers know how they can be supported in this time, the received minimal backlash. There is an understanding that we’re all in this together. Finally, if you have the budget, continue to staff up - particularly in competitive fields such as Data Science. A lot of top Data professionals are currently at home and much more accessible than they have been in a long time. With a number of ways to remotely interview and onboard both permanent and contract staff, if you are able to get begin conversations with them now, you’ll have an edge in what will be a very competitive market come later in the year.  If you’re looking to take your next step in the world of Fraud, we may have a role for you, including a number of remote opportunities.  Or, if you’re looking to expand and build out your Fraud team, get in touch with one of expert consultants who will be able to advise on the best remote and long-term processes. 

Top Ten Tips: Video Interviewing for Data & Analytics Professionals

Large parts of the world may have moved to working remotely for the foreseeable future, but that doesn’t mean that their projects have ground to a halt. And, with Data & Analytics at the forefront of many businesses ongoing strategies, their Data teams are continuing to grow regardless.  As a result, we’ve seen a huge increase in the number of video interviews taking place as companies look to continue hiring and meet their growth and business goals.  For many, however, video interviewing will be an entirely new experience, one that throws a number of complications into the mix during an already unusual situation. With that in mind, we’ve put together our ten top tips for acing a video interview: UNDERSTAND THE TYPE OF VIDEO INTERVIEW “Live” interviews are ones where you’ll see another person on the end of the connection. These are typically conducted using Skype, Zoom or Google Hangout. For some interviews you’ll be recording your answers, expect these to be done using sites like Sparkhire. Ask your recruiter or contact with the business in advance so you know what type of video interview to expect. TEST YOUR INTERNET CONNECTION AND WEBCAM Test your connection for Skype, Zoom Google Hangout, or whichever interview platform you are specifically using. Do a test run to see how fast/slow your connection is to see if you will have any problems with the video that you may need to resolve beforehand. SOUND CHECK  Equally as important is how you sound. Having to repeat your answer because the interviewer couldn’t hear you will not only annoy the interviewer, it may disrupt your flow and throw you off guard. If possible, try not to use headphones, as they may make you look less professional (video interview or otherwise!), but audio quality is more important than appearance here, so check the audio in advance to be sure. CONNECT WITH YOUR INTERVIEWER IN ADVANCE  If you know who you’re interviewing with connect with them on LinkedIn beforehand or get their phone information. This is so you have a backup in case the video platform isn’t working and will save any last-minute panicking if the platform isn’t working. DRESS THE PART Just because the interview is over video doesn’t mean you don’t get dressed up for it. Dress how you would if you were having the interview face to face – first impressions count! Plus if you’re dressed smartly from head to toe it’ll help you feel best set up for success. LOOK BEHIND YOU  Interviewers can easily be distracted by what is happening behind you. If you don’t have a home office, use a room where you’ll have a wall or bookcase behind you which will look professional. REMOVE DISTRACTIONS Noise, music, children and pets can all be distractions to you and your interviewer. Be prepared to continue through the interview if your pet makes noise or your child barges in. Ideally if you can find a quiet space away from these distractions you won’t be interrupted. MAKE EYE CONTACT Interviews over video won’t replicate a live meeting. You have to proactively make sure you smile, make eye contact and speak clearly. Don’t fidget or make a lot of movement – if the connection is slow, you’ll appear fuzzy and out of focus. DON'T PREPARE AT THE LAST MINUTE You wouldn’t leave preparing to the last minute if you were meeting face to face so a video interview shouldn’t be different. Prepare your answers, questions to ask the interviewer and use post it notes if you need helpful reminders for video-specific tips (Look at the webcam! Smile! Speak clearly!). KEEP A GLASS OF WATER NEXT TO YOU It’s an ideal prop if you do need to take a couple of seconds to collect your thoughts before answering a question. Don’t substitute for a hot beverage (tea or coffee for example) as if you do spill you don’t want to be distracted by a burn or stain.  If you are looking for your next role, we may be able to help. Take a look at our latest jobs, where you will find a number of remote working opportunities.  Or, if you are looking to make a remote hire, get in touch with one of our expert consultants and we can help you manage the process. 

RELATED Jobs

Salary

£65000 - £85000 per annum

Location

London

Description

A chance to work for one of the leaders in telecommunications where you can develop and enhance your skills.

Salary

£35000 - £40000 per annum + benefits

Location

City of London, London

Description

If you have experience working with SQL, ETL tools as well as Cloud-based Data warehouse's and data visualisation tools then click below...

Salary

US$140000 - US$160000 per annum

Location

San Diego, California

Description

Looking for a high level Data Science opportunity in a cutting edge fintech company?

recently viewed jobs