Wednesday, October 5, 2022

Silicon Valley Hiring phD Economists

A new trend: phD economists are now in demand in Silicon Valley.

According to a recent Economist article, in 2020, one in seven new phD grads went to work at tech companies (up from less than 1 in 20 in 2018).

  • This year, Meta awarded its coveted research fellowship to a grad student in economics.  Previously, it went to computer scientists, engineers, physicists, and statisticians.
  • Amazon now has 400 full time economists on staff.
  • Last year, Uber hired a fifth of Harvard's graduating economics phD class.
Tech companies are hiring them to work on business problems such as pricing, product development, and strategy.  They also value their skills in working with data and stats.

© 2022 Praveen Puri

Saturday, September 3, 2022

We Don't Talk About Inequality...

"When I was poor and complained about inequality they said I was bitter; now that I'm rich and I complain about inequality they say I'm a hypocrite. I'm beginning to think they just don't want to talk about inequality.”-Russell Brand

© 2022 Praveen Puri

But They Were Rude to the Waiter...

"I don’t trust anyone who’s nice to me but rude to the waiter. Because they would treat me the same way if I were in that position." - Muhammad Ali

© 2022 Praveen Puri

Sunday, August 21, 2022

Aesop, Thieves, and Politics

"We hang the petty thieves and appoint the great ones to public office."

- Aesop

© 2022 Praveen Puri

Friday, August 19, 2022

Cloud and Big Data: Unexpected Expenses

As more systems move into the cloud, and companies rely on ever increasing amounts of data, operating costs can increase in unexpected ways.

Especially when companies use more than one vendor, with different pricing structures, it becomes a full time job just to track costs and optimize systems and infrastructure to keep costs down.

© 2022 Praveen Puri

Knowledge Silos Hinder Software Developers

According to Stack Overflow's 2022 Developer Survey, 2/3 of developers run up against "knowledge silos" that slow them down.  When needed data is stored in other, inaccessible systems, it compromises the effectiveness of your organization.

© 2022 Praveen Puri

Thursday, August 18, 2022

The Great Resignation Also Affects Institutional Knowledge

Especially at tech companies, when workers quit, you not only have a loss of expertise, but you also suffer a loss of institutional knowledge.

What's the difference? If you lose a python developer, for example, you've lost the expertise of python development (which you can recover by hiring a new developer). But, if that developer knew the quirks of the accounting software that your company sells, and can quickly resolve bugs, then that is institutional knowledge that will take time and experience for someone to learn.

To guard against this, you need to encourage employees to document their knowledge of your applications and work processes.  The worst way to do this is through requiring them to create complex, formal documents.  Your workers are already busy, and this will get put off.

The best way is to encourage them to informally record what they learned as they solve issues. Blogs and wikis are ideal formats.

© 2022 Praveen Puri