Articles, blogs, whitepapers, webinars, and other resources
A place to imporove knowledge and learn.
A place to imporove knowledge and learn.
WHAT IS DATA SCIENCE?
Data science is a very concerning discipline that uses scientific methods for data inference, processing, and developing algorithms for the systems to extract information and insights to solve analytically complex problems. It is a combination of facts where the base is raw data, which is stored in data warehouses. A data scientist uses this data in two resourceful ways to generate some business value. The two of the resourceful ways used by data scientists are (i) discovery of data insights and (ii) development of data products.
Data insight is a part of data science, which is all about the findings of new facts from data. Data scientist dives in at the coarse level to mine and comprehends multifarious actions, trends, and inferences of the data. They start with the exploration of data. Data scientist behaves like detectives when it comes to any challenges. The practical examples for the discovery of data insight are Netflix - They mine the viewing patterns for easy understanding for the user and Target - They use it for the identification of major customer segments. These data-driven insights provide strategic guidance to the users or customers. If a data scientist wants to get on a deeper level, they can also use quantitative techniques such as segmentation analysis, inferential models, synthetic control experiments and time series forecasting.
For the case of the development of data products, the data scientists utilize data as input and process that data to generate algorithmic results. The typical example of this is a recommendation engine, which allows users to ingest data however they want, such as Amazon's recommendation engines put forward items that you might like to buy, determined by its algorithms. Another example of this asset is Gmail's spam filter, and it determines algorithmically if a message is junk or not. The major role in developing data products is of the data scientist. They do this by building algorithms, testing, refining and deploying technicalities into a production system.
REASONS WHY 2019 IS THE YEAR OF DATA SCIENCE
Data science is a very hot topic for almost every industry and profession in 2019. Even the certification courses related to data science are also a topic of discussion this year. The people who are wondering about entering this field should know that knowledge of data science is providing a lot of new jobs. Some of the reasons why data science could be the best choice to opt for in 2019 are as follows:
As we already know, that the demands for data science in all sorts of industries and fields are relatively high than any other occupation right now. If anyone is having an interest in information technology and data management systems, this could be just the right match for you. Four of the biggest business sectors where the demand for data scientists is highest are technology, industries, finance, and health care.
Also, certifications in data science are being appreciated and recognized by people all around the world. Data science training can be helpful too as they prepare each person according to the market needs.
According to the prediction made, data science will be creating 11.5 million jobs by the year 2026; also, it is the fastest-growing job of 2019 on the internet, which clearly shows its increasing demand.
Are you all looking for a job where the pay scale is amazing? Well, the answer to this very common question of 2019 is you can become a data scientist. Sounds exciting right, well you might have to put some money in the field earlier, such as taking data science certification courses; it will enhance your skills. Hence, in return, you will be offered an amazing job with a wonderful pay-scale. The salary also increases with experience. If you are a person who has the certification, skills, and experience, then get ready for an executive job with an executive salary in 2019.
If you are planning to choose any data science training programs, then you should know, along with all the technical skills you will be learning some extraordinary management skills. These skills can bring a lot of changes in the organization as management skills are highly demanded by most employers these days. As we are moving towards the future, we know that human beings need more management than any other species in the entire world. If a data scientist is efficient in data integration and management, then 2019 can open new doors for him.
A lot of people don’t know that data science can also provide more opportunities to them than any other field in 2019. As they can become a part of almost any organization and profession. All the business organizations are already hiring data scientists because they realize how important it is to have a person on the back who can do it all of them. If the individual is a part of any data science certification or training program, then they will be able to interact with the professionals which will also increase employment opportunities for them. Industrial connections and contacts will also allow these individuals for career growth.
Data science is probably the only career of 2019 that offers so much freedom to the employees. Data scientists can work for any business organization; they are not bound to work for a particular type of business or people. With the enormous demand in the world, they appreciate and value their freedom and work for only those types of companies where they find comfort.
Most of the fields related to technology are considered overrated because technology changes very frequently, and the professional cannot keep up with it unless he is studying well about his field now and then, and also taking multiple courses related to that. On the contrary, for data science, this statement is not true; they can never be out of trend if they are busy and cannot keep with the advances. At the same time, it doesn’t mean that we are suggesting you do it. If any data scientist is learning, gaining more knowledge or taking new courses for better work experience, he will go a long way.
With the growing advances being made, 2019 was considered to be the year of data science, because of the enormous potential this field has. Data scientist was also declared to be the sexiest job of the 21st century by Harvard Business Review article, which explains its importance in the modern world. The job helps organizations from all around the world to process their data and generate business value. The career is skyrocketing for so many reasons. If anyone of you wants the right investment of time, skills, and money, they can opt for data science, as it has turned out to be the most promising job of 2019.