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4 Facts about the Global Data Science Job Market

  1. Employers are often looking for a unicorn data scientist Everyone working in the field is well aware that the skill set a data scientist brings to the job can vary widely depending on the context. A combination of statistical background, coding knowledge, and business acumen are definitely required, but to find an individual that will have expert abilities in all three …

Book Review: The Book of Why – J. Pearl

by Zdeněk Veselý, Data Scientist at Profinit Why the why? As a statistician or data scientist, I want to answer many why questions. • Why are these customers buying the product? • Why are these patients not getting better? • Why is the number of defaults rising? • Why… And it seems there are many tools in my data scientist toolbox to …

The Rising Power Of Data Science

By Jan Hučín, Senior Data Scientist at Profinit Games & Computers More than 20 years have passed since the match that changed the history of chess. In May 1997, DeepBlue computer by IBM defeated the top chess player Garry Kasparov in a six games match. For a long time, one believed that winning at chess requires a particular type of strategic thinking that …

Will data science become automated?

by Dominik Matula, Data scientist at Profinit Full disclaimer: the author works as a data scientist and loves his job. Therefore, once robots take over the field of Data science, he might lose his job and spend his last days being depressed. Or will he? Let’s not beat about the bush, looking back in time every profitable human activity has been automated. …

Best online resources for Data Science

Understanding Data science is becoming one of the most demanded skill sets in the 21st-century job market. Data are flowing everywhere in ever-evolving magnitude. Storing them is costly and business better find ways how to turn them into profit. In some industries, the so-called ‘trickle-down’ effect is slowly observable, as medium-sized companies are now trying to surf the Big Data …

Book Review: Code Complete by Steve McConnell

Let’s be honest: here at Profinit we really do like Steve McConnell. Our internal methodology of estimates is pretty much based on the principles listed in his book Software Estimation: Demystifying the Black Art. Moreover, we are always willing to defend the cone of uncertainty, and his programming bible ‘Code Complete’ has become an integral part of our internal career …

3 common pitfalls in building a Data Science team

by Petr Paščenko, Head of Data Science at Profinit In the last few years, I have seen several attempts to build a good data science/machine learning team both at Profinit as well as with our clients. Over time, I have observed a number of notorious anti-patterns, which tend to be very common in the field. Here are the three most noteworthy examples of such …

Passenger Terminal Expo 2019 in London

Passenger Terminal Expo is rightfully called the biggest and most important conference in the airport industry. Where else could you listen to the visions and opinions of significant innovators in the field, or pose direct questions to leading IT engineers of the world’s biggest airports? The three days long event has a 20+ year record of annual meet-ups. People from all …

Big-Data.AI Summit 2019 in Berlin

A conference review. Last week, Berlin became the focal point of all things Big Data & AI. The summit brought together a rather diverse bunch of 8000+ visitors: from students, AI enthusiasts, small start-ups, and journalists all the way to research scientists, and business stakeholders from various industries (banking, telco, automotive to name a few). The main themes of the conference were covered …

4 most important applications of Data science in Banking

The Banking/Financial sector is just one of the many industries, which benefits hugely from data science-driven insights. With a natural affinity for numbers and quantitative methods, it surprises no one that it was one of the early adopters of Data Science, Machine Learning, and AI to generate more revenue. While applications are endless and the research questions will be different in …