Spread the Data Science Love
Norman Jones, MBA, CPA
Strategy Finance| M & A Finance |Continuous Improvement| Budget Management| Financial Reporting|Financial Planning & Analysis (FP&A)
Even if they have the time, data scientists likely have little interest
in learning accounting or financial business processes. It’s a simpler
and more realistic proposition to build data science skills and capa‐
bilities in finance professionals, especially through investment in
low-code technologies that empower users. These individuals can
then become cornerstones of a data analytics culture in the business,
and their knowledge can be spread by encouraging data and analyt‐
ics innovation. Doing this also supports the pure data scientists, who
can offload the simpler requests to business users, while they focus
on the more complex and high-value analytics. In the short term,
organizations could consider how to establish porous boundaries
between business users and data scientists using staff rotations or
even dotted management lines across business and IT.