Mu Sigma is a provider of decision sciences and analytics services, helping companies institutionalize data-driven decision making. Headquartered in Northbrook, IL, the company was founded in 2004 by Dhiraj C Rajaram and has raised around $133 million funding from General Atlantic and Sequoia Capital.
In the era of Big Data, a lot has been written about how hard it is to find analytics professionals, otherwise known as data scientists. A McKinsey study published last year claims that the U.S. alone will face a shortage of 140,000 to 190,000 such professionals, as well as 1.5 million managers and analysts needed to analyze big data and make decisions based on their findings.
This article assumes you have already been lucky or skilled enough to hire some of these elusive people, and covers how to keep them engaged and retained. Mu Sigma employs nearly 2000 data scientists– arguably one of the biggest such staffs in the world – so we have a lot of experience keeping them happy.
What’s our secret? Over the years we have found three main success factors: