Money 20/20 Europe: Data scientists are farmers and machine learning is statistics on steroids

Data scientists can provide firms with access to a magical world of machine learning and all that it promises. But what demarcates this hallowed realm of statistical analysis and its proponents? This question was posed to a panel of experts in the field at Money 20/20 Europe in Copenhagen. Jay van Zyle of Innosect, moderating, asked if a data scientist is now just a computer person that went on a statistics course, or conversely, a stats person that went on a computer programming course? Or is it entirely a new discipline? Marco Bressan, chief data scientist, BBVA provided an elegant analogy to illustrate the plight of the data scientist: “One simple way is to look at data scientists doing machine learning as farmers. While traditional software developers you could look…


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