FIU Data Science Bootcamp Application Deadline is Oct. 3 - Apply Now

IIA + Burtch Works COVID-19 Impact Analysis Survey Results

By Carlos Russo • June 11, 2020

Over the past few months, Burtch Works has teamed up with the International Institute for Analytics (IIA) to survey quantitative professionals about the ongoing impacts of the COVID-19 pandemic on analytics teams across the country. The results provide a great source of information for many, enabling a clearer picture of the effects of the crisis as well as providing insight into how companies and the industry at large are responding. Thus far, the partnership has yielded 5 separate surveys with corresponding results and analysis.

The most recent wave of results was published this week in a blog post titled, Have COVID-19 Analytics Impacts Peaked? 

In the summary section, Burtch Works writes: 

"By the end of May, the number of companies with staffing impacts has nearly tripled over the past two months to 53.4%. It is also perhaps not surprising that large companies are thus far weathering the storm a bit better than small companies. When we asked what types of staffing actions have been taken in cases where there has been action, by far the most prevalent action is some form of salary cuts, with nearly 80% of impacted analytics and data science organizations experiencing salary cuts. Furloughs (16%) and layoffs (32%) are less common, which is encouraging since those actions are more extreme. Another high point is that while nearly 75% of organizations have been pulled into crisis-oriented analytics, there remain very few in a pure panic mode where everything is focused on the crisis (1.1%) and that number is approaching zero."

For full analysis, read the Burtch Works blog post here

As the weeks go by, Burtch Works plans to conduct more surveys to "reflect a broader spectrum of movement" and "to better capture a potential recovery." In the meantime, you can check out summaries of previous surveys here: round oneround tworound three, and round four.


Similar Posts

business resource
VIDEO: Recorded Talk - How Machine Learning is Changing Finance with Javed Ahmed

By Carlos Russo • August 20, 2020

Watch a recording of Metis Sr. Data Scientist Javed Ahmed's talk on How Machine Learning is Changing Finance at the new Wake Forest University Financial Services and Fintech Hub.

business resource
VIDEO: Building a Successful Data-Driven Culture to Boost Business Value

By Carlos Russo • March 16, 2021

Metis President and Co-Founder Jason Moss recently moderated a panel discussion on Building a Successful Data-Driven Culture to Boost Business Value. Watch the recording here.

business resource
How to Build a Data Science Portfolio: The 5 Phases

By Carlos Russo • April 22, 2021

Effective corporate data science portfolios rely on a solid foundation built by identifying challenges, pitching ideas, scoping out pitches, and planning out paths that evolve into strategy success.