Join the conversation...
@HireWaterloo on Twitter
Big data can change decision making and how businesses operate. When used efficiently, it can revolutionize the future of work.
Between 2019 and 2025 as organizations conduct more business online and increasingly use social networks and mobile devices, the amount of data collected will triple. Using data involves analytical techniques like machine learning, data mining, natural language processing and statistics. With more data collected, talent with these mathematical skills is more important than ever.
Big data refers to the large volume of data, extracted from digital tools that we use daily, that is too complex for traditional data processing software. What’s important is not the volume of data, but what organizations do with it. Through data, organizations create new growth opportunities and amplify products, services and consumer preferences.
Today, 97.2 per cent of organizations are investing in data and artificial intelligence (AI). This equates to investing in talent with the skills to handle data.
According to a 2020 Deloitte report, tech jobs looking for analytical skills such as machine learning, data science, data engineering and visualization have increased. The need for these skills has surpassed more traditional skill categories like engineering, customer support, marketing, PR and administration.
The University of Waterloo’s Work-Learn Institute (WxL) research found similar results with more organizations listing data analysis skills as a top tech requirement. Similar related skills include Excel, VBA and SQL. A 2018 study notes that entry-level positions need at least three years of experience in technical skills and data fluency. Co-op students graduate with up to two years of full-time work experience.
Home to North America’s largest co-operative and experiential learning program, Waterloo analyzed over 48,000 jobs filled by Math and Engineering students. Some of the top roles that employers are looking for are data-driven, including the following:
By 2028 there will be an expected 18,000 new jobs for data analysts and administrators. Only 16,700 new job seekers (arising from graduates, immigration and mobility) are available to fill these positions. These jobs will be on the rise in both tech and non-traditional tech industries as everyone needs data.
The competition for data talent will only continue to rise and early talent can fill the gap. Waterloo’s research shows that Gen Z students are motivated by opportunities to problem solve making them a good fit for data-related positions.
Today’s workforce spans five generations, each with unique characteristics and expectations. The global pandemic has accelerated the focus on early talent. WxL identifies the following key strategies when it comes to recruiting and engaging this talent:
As data continues to grow, so will its impact on the future of work. Get ahead of these hiring trends to ensure your organization is on the road to success.
Our resource package includes:
Join the conversation...
@HireWaterloo on Twitter
The University of Waterloo acknowledges that much of our work takes place on the traditional territory of the Neutral, Anishinaabeg and Haudenosaunee peoples. Our main campus is situated on the Haldimand Tract, the land granted to the Six Nations that includes six miles on each side of the Grand River. Our active work toward reconciliation takes place across our campuses through research, learning, teaching, and community building, and is co-ordinated within the Office of Indigenous Relations.