HM Treasury builds out its data science team
Date of creation: March 31, 2024, 12:44 p.m. From SITE: https://www.computerweekly.com Original page link
Original page content The UK’s HM Treasury has expanded its headcount of data scientists as part of its plans to drive “data transformation” across the department. According to figures from a recent Freedom of Information (FoI) request, in 2021, the total staff budget for data scientists at the Treasury was just £13,213, with only three employees on the payroll. By 2022, this had risen to £283,339 in staff costs, with eight people employed in data science roles. However, for the period of January 2023 to November 2023, according to the response to the FoI request, HM Treasury’s total spend on data scientist salaries had reached £503,983 – nearly doubling the size of its data science team to 14 staff. An HM Treasury spokesperson told Computer Weekly: “In recognition of the need to ensure HM Treasury has the capability to modernise the way it manages and analyses data, the department appointed a chief data officer in 2022 and devised a new data strategy. “To deliver this strategy – focused on skilled people and innovative practice – a new Data Management branch was set up alongside formal roles in Advanced Analytics,” they said. “These are helping drive data transformation across the department.” Responding to the findings, Mike McKee, CEO at Ataccama, said government departments handle by default a huge volume of complex and confidential data. Having the technology to deliver artificial intelligence (AI) is only half the story – training it on bad data containing errors and duplication will prevent it from reaching its full potential, he said. “Given the increased level of investment already committed in the UK to AI innovation this year, it is important that the government bolsters its expertise in data science and data management tools to take advantage of AI readiness and achieve productivity gains in the public sector,” said McKee. Meaningful insights Data science involves using statistics, data analytics, coding and more to find meaningful insights in data that can improve all sorts of decision-making. In its 2022-23 Annual report and accounts, published in July last year, the Treasury detailed its work to establish a central Data Science Hub to identify and shape the opportunities for development of data science capability across the department. “The hub has delivered several improvements across analysis, IT infrastructure and data architecture,” the report said, noting that the department appointed a chief data officer, John Kelly, in August 2022. His role, the report said, is to formalise a data strategy and business plan that would “detail a pathway” for departmental data transformation. “The chief data officer will lead the data science hub after additional investment in skills and technology to modernise data practice,” it said at the time. “The department has also begun a skills development programme alongside the ONS to introduce coding capability, across a range of roles, and with some exposure in every group.” Tristan Wilkinson, chief for public sector growth at AND Digital, added: “The public sector is at a crossroads, with huge budget pressures forcing decision-makers to accelerate digital transformation to drive operational savings to protect public services. Data scientists are set to play a crucial role in delivering high-quality public services fit for the future, and this investment is a welcome step in the right direction, and one that should be accelerated.” Data scientists are hard to find; the number of people in the UK with specialist data skills in the UK is insufficient to meet demand and has been for some time. A report published by the government in 2021 found there were as many as 178,000 unfilled data specialist roles – but that UK universities could only supply 10,000 a year. Read more about data science Scottish university will apply artificial intelligence and data science to help solve some of the world's biggest challenges. Using public-private partnerships and improving the use of data are key to improving public services and the government’s ‘science and technology superpower’ ambitions, says digital secretary Michelle Donelan. Michael Thornton, senior director of public sector at Investigo, said: “Highly skilled data scientists have the potential to unlock substantial value for the public sector departments, boosting productivity whilst simultaneously reducing operational overheads. Accelerating the government’s in-house digital skills capabilities is an essential step for speeding up vital services, and this can only be achieved with a robust talent pipeline in place.” The government’s 2021 Quantifying the UK data skills gap report found almost half of businesses (48%) were recruiting for roles that require hard data skills, but under half (46%) had struggled to recruit. The report warned there was a knowledge and communication gap that could pose a barrier to fulfilling this demand. “Many students told us that they do not feel clear about the path to becoming a data scientist, even when they have sought guidance,” it said. “Given the limited supply of graduates likely to fill data roles, upskilling the workforce is vital to bridging the data skills gap.” Data scientists in the UK can often earn between £55,000 and £69,500 according to salary data from recruitment company Robert Half. Data analysts can earn somewhere in the range of £31,750 to £55,000. | Team of data scientists expands as Treasury looks to drive ‘data transformation’ across department
Date of avatar: March 31, 2024, 6:45 p.m.
Tags: government, data scientists, expertise, data science team, advanced analytics, data management, chief data officer, hm treasury, data transformation, staff budget, investments
Content: # Part 1: HM Treasury Expands Data Science Team to Drive 'Data Transformation' The UK's HM Treasury is making significant investments in data science as part of its mission to drive "data transformation" within the department. Recent figures obtained through a Freedom of Information request reveal that the Treasury's staff budget for data scientists has increased from £13,213 in 2021 to £503,983 in 2023. The number of employees in data science roles has also grown from three to 14 during this period. The Treasury has recognized the importance of modernizing its data management and analysis capabilities and has appointed a chief data officer to lead these efforts. The establishment of a new Data Management branch and the recruitment of skilled professionals in Advanced Analytics are key steps towards achieving data transformation. # Part 2: The Role of Data Science in Government and the Need for Expertise Government departments handle vast amounts of complex and confidential data, making it essential to have the necessary expertise in data science and data management tools. Mike McKee, CEO at Ataccama, emphasizes the importance of training artificial intelligence (AI) on high-quality data to unlock its full potential. With the increasing investment in AI innovation in the UK, bolstering expertise in data science is crucial for achieving productivity gains in the public sector. Data science enables organizations to extract meaningful insights from data, improving decision-making across various domains. # Part 3: Addressing the Data Skills Gap and the Potential of Data Scientists in the Public Sector The shortage of data scientists in the UK poses a challenge for the public sector, which requires specialized skills to deliver high-quality services. A government report found that there are approximately 178,000 unfilled data specialist roles, while UK universities can only supply 10,000 graduates with data skills per year. To bridge this gap, upskilling the existing workforce is essential. The government's investment in expanding its in-house digital skills capabilities will accelerate the delivery of vital services. Data scientists play a crucial role in leveraging data to drive operational savings and improve public services. By building a robust talent pipeline, the government can unlock substantial value and enhance productivity in the public sector.
Date of avatar: March 31, 2024, 12:56 p.m.
Tags: government report, unfilled data specialist roles, data strategy, freedom of information, chief data officer, data management, productivity gains, public sector, digital transformation, high-quality public services, foi request, data analysis, uk, data scientists, data transformation, hm treasury, staff budget, skilled data scientists
Content: HM Treasury in the UK has increased its team of data scientists as part of its efforts to achieve "data transformation" within the department. According to figures obtained through a Freedom of Information (FoI) request, the total staff budget for data scientists at the Treasury rose from £13,213 in 2021 to £503,983 in 2023. The team grew from three employees in 2021 to 14 in 2023. A spokesperson for HM Treasury stated that the department appointed a chief data officer in 2022 and developed a new data strategy to modernize data management and analysis. The investment in data science and data management tools is seen as crucial for achieving productivity gains in the public sector. The shortage of skilled data scientists in the UK is a challenge, with a government report revealing a gap of 178,000 unfilled data specialist roles. The Treasury's move to expand its team is seen as a positive step towards delivering high-quality public services and accelerating digital transformation in the public sector.
Date of avatar: March 31, 2024, 12:54 p.m.
Tags: data strategy, chief data officer, productivity gains, employees, budget, uk, data science, data scientists, data transformation, hm treasury, ai readiness
Content: The UK's HM Treasury is boosting its data science capabilities by expanding its team of data scientists. In 2021, the Treasury had a budget of £13,213 for data scientists, with only three employees. By 2022, the budget increased to £283,339, with eight employees. In 2023, the budget reached £503,983, with 14 staff members. The Treasury appointed a chief data officer in 2022 and established a new data strategy to drive data transformation. The government aims to bolster its expertise in data science and data management tools to take advantage of AI readiness and achieve productivity gains.