Weekly News Digest - 25th-29th Jan 2021

Joshua Poore our consultant managing the role
Posting date: 1/29/2021 10:10 AM
This is Harnham’s weekly news digest, the place to come for a quick breakdown of the week’s top news stories from the world of Data & Analytics.

Entrepreneur – How to Identity Proof in an Increasingly Virtualised World


The past year has shifted our life online at a rapid pace. This migration has meant that not only do our technologies need to be more effective and efficient than ever before, but our identity proofing needs to be more sophisticated and secure too. 

Even before the pandemic, identity proofing has never been an easy task. Customers expect security but without any hassle. Being bombarded by multiple authentication factors, for example, is not ideal and will quickly turn a customer off from using your service. 

In this article by Entrepreneur, four key factors are explored in detail which aim to assist companies in creating a secure but accessible identity proofing system. This includes evaluating the potential for fraud, learning from Government trends, focusing on being proactive and the need for constant innovation. 

Read the full article here

KD Nuggets - The top 5 reasons why machine learning projects fail


There is a clear increase in the number of machine learning projects being developed and perfected globally. Yet, at the same time, an equal number of projects are failing to take off the ground. 

This article from KD Nuggets highlights the five main reasons why start-ups implementing machine learning projects are failing, as well as offering solutions. The article hopes new businesses will take these points on board and plan their future projects better, hopefully avoiding too many, potentially lethal, pitfalls. 

The most common mistakes made are:• Insufficient data or not enough access to ‘clean’ data.

  • Machine Learning Models not being synchronized with legacy systems.
  • A lack of qualified Data Scientists
  • Difficulty with innovation and updating
  • Lack of leaders’ support

Read the full article here

The FinTech Times: 10 FinTech Predictions for 2021


In this article from The FinTech Times, we hear from 10 key experts in the field who give insight into what they think 2021 will hold in store for FinTech. Following a year like no other, the overall consensus is that this year will be unlike any other for the industry. 

For example:

Commercial banking will continue to digitise and experience a subscription revolution to change the way companies of all sizes approach their banking relationships - Matt Cox, EY Americas Corporate, Commercial and SME Banking Consulting Leader.

Online payments still have significant room to grow - Sudeepto Mukherjee, Managing Partner, Financial Services at Publicis Sapient.

More people will trust in Bitcoin - Eleesa Dadiani, Founder and CEO of the Dadiani Syndicate, a firm that brokers the sale of cryptocurrencies and commodities to high net-worth individuals.

Read the full article here

Silicon Republic – Branching out into tech? Here are 30 top skills to consider. 


As a direct result of the pandemic, the tech sector has boomed. This in turn has created a wealth of roles. This article from Silicon Republic suggests 30 key skills for anyone looking to enter the world of tech as their next career move. Roles covered include Digital Marketing, Social Media and Development. 

Top three required skills for Social Media Executives:

  • Facebook
  • Instagram
  • Twitter

Top three required skills for Digital Marketers:

  • Analytics
  • SEO
  • Google Analytics

Top three required skills for Developers:

  • Agile
  • Java
  • JavaScript

Read the full article here

We've loved seeing all the news from Data & Analytics in the past week, it’s a market full of exciting and dynamic opportunities. To learn more about our work in this space, get in touch with us at info@harnham.com.

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.

Weekly News Digest - 11th-15th Jan 2021

This is Harnham’s weekly news digest, the place to come for a quick breakdown of the week’s top news stories from the world of data and analytics. KDNuggets: 20 core Data Science concepts for beginners The field of Data Science is one that continuously evolves. For Data Scientists, this means constantly learning and perfecting new skills, keeping up to date with crucial trends and filling knowledge gaps.  However, there are a core set of concepts that all Data Scientists will need to understand throughout their career, especially at the start. From Data Wrangling to Data Imputation, Reinforcement Learning to Evaluation Metrics, KDNuggets outlines 20 of the key basics needed.  A great article if you’re just starting out and want to grasp the essentials or, if you’re a bit further up the ladder and would appreciate a quick refresh.  Read more here.  FinExtra: 15 DevOps trends to watch in 2021 As a direct response to the COVID-19 pandemic, there is no doubt that DevOps has come on leaps and bounds in the past year alone. FinExtra hears from a wide range of specialists within the sector, all of whom give their opinion on what 2021 holds for DevOps.  A few examples include: Nirav Chotai, Senior DevOps Engineer at Rakuten: “DataOps will definitely boom in 2021, and COVID might play a role in it. Due to COVID and WFH situation, consumption of digital content is skyrocket high which demands a new level of automation for self-scaling and self-healing systems to meet the growth and demand.” DevOps Architect at JFrog: “The "Sec'' part of DevSecOps will become more and more an integral part of the Software Development Lifecycle. A real security "shift left" approach will be the new norm.” CTO at International Technology Ventures: “Chaos Engineering will become an increasingly more important (and common) consideration in the DevOps planning discussions in more organizations.” Read the full article here.  Towards Data Science: 3 Simple Questions to Hone Python Skills for Beginners in 2021 Python is one of the most frequently used data languages within Data Science but for a new starter in the industry, it can be incredibly daunting. Leihua Yea, a PHD researcher at the University of California in Machine Learning and Data Science knows all too well how stressful can be to learn. He says: “Once, I struggled to figure out an easy level question on Leetcode and made no progress for hours!” In this piece for Towards Data Science, Yea gives junior Data Scientists three top pieces of advice to help master the basics of Python and level-up their skills. Find out what that advice is here.  ITWire: Enhancing customer experiences through better data management From the start of last year, businesses around the globe were pushed into a remote and digital way of working. This shift undoubtedly accelerated the use of the use of digital and data to keep their services as efficient and effective as possible.  Derak Cowan of Cohesity, the Information Technology company, talks with ITWire about the importance of the continued use of digital transformation and data post-pandemic, even after restrictions are relaxed and we move away from this overtly virtual world.  He says: “Business transformation is more than just a short-term tactic of buying software. If you want your business to thrive in the post-COVID age, it will need to place digital transformation at the heart of its business strategy and identify and overcome the roadblocks.” Read more about long-term digital transformation for your business here.  We've loved seeing all the news from Data and Analytics in the past week, it’s a market full of exciting and dynamic opportunities. To learn more about our work in this space, get in touch with us at info@harnham.com.

Weekly News Digest: 7th - 11th December 2020

This is Harnham’s weekly news digest, the place to come for a quick breakdown of the week’s top news stories from the world of Data & Analytics.  Raconteur: Implementing AI successfully The pandemic has undoubtedly accelerated the implementation of AI systems across a vast range of companies worldwide. Many business leaders and senior teams are aware of, and excited by, the huge scope of opportunities AI will bring into the workplace, especially when it comes to decision making. However, teams are still concerned and frustrated by the lack of understanding of the technology involved and the inadequate amount of reliable Data. With the help of AI and Data specialists, Raconteur explores how senior leaders can solve these issues; from the increasing the investment of both time and money in boosting employee skills training, creating high-quality Data silos or dispersing the workload across the whole team, Data Analysts have a key role to play.  There’s a lot of golden nuggets of advice in this piece, a great resource for Data teams looking to make their AI more effective and efficient in 2021.  Read the full article here. Tech Crunch: Amazon Web Service (AWS) adds natural language search service for business intelligence from its data sets Andy Jassy, CEO of Amazon Web Services, recently delivered a keynote speech at event AWS re:Invent where he discussed Amazon Web Services' latest upgrade – QuickSight Q.  In 2016, AWS launched QuickSight, a business intelligence service allowing business users to have access to product information and customer information, usually something only developers were privy too. But at the time, the natural language processing tools simply weren’t good enough for this to happen. Fast forward four years, and AWS has finally cracked it; QuickSight Q was born.  In this article by Tech Crunch, Jonathan Shieber explores how QuickSight Q will work and how the natural language processing in AWS is a direct challenge to several business intelligence startups.  Read the full article here. ZDNet: Amazon unveils Amazon HealthLake, Big Data store for Life Sciences Taking centre stage at this week’s Amazon Web Service event, AWS re:Invent, Vice President for AI at AWS, Matt Wood, unveiled an all-new service, Amazon HealthLake. The new AI system will be revolutionary for the healthcare and Life Sciences sector, especially when it comes early detection of illnesses such as diabetes.  As said by Wood, “[Currently] the work in these fields is hampered by the way that data is spread throughout numerous repositories in different formats, requiring weeks or months to prepare, stage, transform data.” This overwhelming abundance of data in healthcare can make it much harder for specialists to diagnose and treat patients efficiently.  We know that AWS HealthLake will be a way to store, transform, and analyse health and life science data in the cloud at petabyte scale, making the whole process a lot more streamlined and effective. One to keep an eye on. Read more on HealthLake here.  The Drum: What brands need to know about consent and Data This year, data has played a role like never before in both our day-to-day personal and professional lives. With the quick and unexpected move to online and remote working as a direct impact of COVID-19, keeping on top of and up to date with technology, privacy and data consent has been an ever-growing challenge for brands, businesses and agencies worldwide.   Those businesses that have been putting data safety and consent first, over the past nine months especially, will get ahead of the competition. Those who haven’t are in danger of coming under fire from their own customers, and it may cause irreparable damage to their brand.  At the Drum Digital Summit last month, a panel of data specialists including Niall Hogan, Siva Jayaraj and Colleen Ngo, discussed exactly what brands need to know about data and most importantly data consent moving forward.  The panel agreed that the biggest issue lay in the education of data consent, and more should be done to raise awareness from a young age.  Click here to read more and to listen to the full panel discussion. The Data & Analytics market is one full of exciting and dynamic opportunities. To learn more about our work in this space, get in touch with us at info@harnham.com.

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