article thumbnail

Big Data: An Opportunity for Data Scientists & Data Analysts

Tom Spencer

Although all data is field specific, for example health care data collected from a hospital, data scientists can often operate without specific domain expertise as they apply powerful statistical methods to uncover meaningful correlations in large datasets. Required Skills. In terms of pay, both roles offer highly competitive salaries.

Data 88
article thumbnail

What is consulting?

Tom Spencer

This might include advice on asset management, tax structuring, or capital structuring to reduce financing costs and sources of risk (e.g. Finance, HR, Supply Chain, ICT, Legal). For example, if a company currently has 2 offices in the American market and wants to scale up its business, how should it best go about this?

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Is your small business making enough profit?

Asamby Consulting

Major cost and expense types The major types of cost are Cost of goods sold (COGS, including some of the below) Staff cost (salaries) Cost of financing (interest rates) Offices and buildings Energy Marketing cost Depending on your industry, different types might be dominant. For example to sell it or to hire an external CEO?

article thumbnail

Oliver Wyman interview preparation: the inside story

Management Consulted

And, of course, their claim to fame, Financial Services , is broken down into even more practices including: Finance and Risk. Corporate and Finance and Advisory. Strategic Information Technology and Operations. For example, here’s the straightforward Oliver Wyman career pathway: Analyst. Public Policy.

article thumbnail

Paying Skilled Workers More Would Create More Skilled Workers

Harvard Business

Nevertheless, few would argue that information technology permanently increased unemployment. For example, an unemployed typist looking for work in the 1980s could learn how to use a computer or fill a vacant position left by another typist who moved on to another job or retired.

article thumbnail

Why Companies That Wait to Adopt AI May Never Catch Up

Harvard Business

Instead they are waiting for the technology to mature and for expertise in AI to become more widely available. They are planning to be “fast followers” — a strategy that has worked with most information technologies. We think this is a bad idea. This is particularly true for complex knowledge domains.

Company 28
article thumbnail

Who Killed the GE Model?

Harvard Business

The model was honed by Jack Welch in the 1980s and 1990s, with new portfolio restructuring strategies and a headlong expansion into finance. Although China is the most important example of this strategy today, the idea is not new. Silicon Valley and the rise of information technology.