Matt Dancho (Business Science) Profile picture
May 18 13 tweets 3 min read Twitter logo Read on Twitter
There are more than 10,685,000 people learning to work with data.

Yet most data science jobs now have over 1000+ applicants.

And only 5 actually make it to an interview.

Learn these 4 skills to stand out (free to steal & use to advance your career).

#datascience #rstats Image
1. Time series analysis

Up to 90% of companies need better forecasting.

And less than 5% of data scientists are competent in time series analysis.
Key Point:

Becoming good at time series is a massive advantage that automatically places you in the 95th percentile of applicants.

Try This:

Demonstrate an application of time series analysis in the interview, and set yourself apart from the crowd.
2. R for research and development

Research is the 1st part of the data science lifecycle.

And the fact is that 80% of companies aren’t able to learn from their data.

They simply don’t have the people that can quickly turn knowledge into actionable insights.
Try This:

Learn R. R is a key advantage because it takes 50% or less time writing code than comparable python analysis.

Key Point:

With R, 2X or more projects get through the research phase.

And you can put 2X more data products in your job portfolio.
3. Business problem-solving

75% of data scientists struggle with business analysis.

They know algorithms, theory, math, and statistics.

But when faced with a business problem, they freeze up.
Try This:

To stand out, demonstrate skill in business problem-solving.

It’s easier than you think.

Focus on their problems.

Tie a financial amount to the problem.
Key Point:

Show how to reduce costs or increase revenue.

Then explain how you could use data to help.
4. Getting projects into Production

Up to 87% of companies report difficulty getting a solution built and deployed.

This is incredibly frustrating given that data science teams of 10 or more…

Cost $1,250,000+ per year.

So not getting results is a BIG problem.
Try This:

You can stand out by demonstrating web apps in your portfolio.

Why?

Because Web Apps are what organizations need to scale decision-making.
There you have it: 4 skills that will set you apart from the competition.

Now you’re probably wondering how the heck can I learn these skills?

(and not take 2 years or longer of struggle)
I put together a free webinar that gives you the blueprint to becoming a 6-figure data scientist.

Seriously, it’s packed with free value.
What’s the next step?

Just watch my free webinar here (and take good notes).

Free Masterclass: learn.business-science.io/free-rtrack-ma… Image

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More from @mdancho84

May 18
Over the past 3 years, I've been writing Python code daily.

And this coming Thursday, I'm excited to share what I've learned. 🧵

#datascience #career #python #rstats Image
Most of you know me as an #R guy. And I 1000% love R. ❤️

But I've also grown over the past 10+ years that I've been practicing data science as a data scientist, as a consultant, and as an educator.
What I've come to realize is that no one language is perfect.

Each has its strengths. And weaknesses.

And more often than not we get caught up in debating things that **don't** really matter...

Like R vs Python.
Read 11 tweets
May 17
Becoming a 6-figure data scientist (with #R) in today's economy is different than it was in 2022.

It requires a transformation...

#datascience #career #rstats Image
And those that successfully make the transformation:

1. Get hired 75% faster (3-6 months vs 12+ months)

2. Earn 17% more ($145K vs $117K)

3. Get promoted 2X faster (1-2 years vs 2-4 years)
Want to learn how?

I have a LIVE Masterclass today where I will reveal the exact steps to take.

Strict limit: 500 Seats (and we are over-capacity)
Read 4 tweets
May 16
There are 100,000 data scientists on the market. How can you possibly get a job?

This is one way… 🧵

#datascience #rstats Image
Imagine this.

You walk into the Central Bank of Canada, the backbone of Canada’s financial system.

You’re applying for a data science position.
On paper the odds are stacked against you.

You use R.

The whole team uses Python.

And you are a complete unknown.
Read 10 tweets
May 16
87% of data science projects fail.

One reason is the lack of production.

Here's an easy solution. 🧵

#datascience #python #R #rstats #career Image
This is called an #API (Application Programming Interface). Image
An API allows the user to make requests using a tool they are comfortable with.

The API runs a program that the data scientist has created on the server.

And the API returns a result.
Read 6 tweets
May 14
What stresses me out isn’t the same thing that stressed my parents out.

True story. 🧵

#datascience #rstats Image
It was the day before R/Finance 2018.

I had a presentation for R/Finance where I was going to present a Shiny App that I was working on.

I updated my R software…

Big mistake.
My shiny app suddenly stopped working and I went into straight panic-mode. 😱

This was before I knew how to use GitHub & Docker like I do now.

So I was freaking out.
Read 12 tweets
May 13
Becoming a data scientist in this economy isn't easy.

But it can be done.

Here are a few tips.

#datascience #career Image
First, build the foundational skills.

These include:

- Data Cleaning
- Data Wrangling
- Visualization
- EDA (Exploratory Data Analysis)
- Machine Learning
- Clustering
- Reporting
- Programming

Time Frame: 6 Weeks
Next, you need 3 of the most overlooked skills:

1. Problem-Solving Skills
2. Time Series
3. Production

These are the skills that will generate the most ROI for your company.

And it's what they will hire you in a recession for.
Read 7 tweets

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