Data Science
Data Science – The Next BIG Thing in the Digital Era
Data Science is simply the process of extracting value from available data through multiple processes including statistics, usage of Artificial Intelligence, Data Analysis, among several others. Well, if you are into this technology realm, we call you ‘data scientist.’ If we are to talk about the ultimate purpose of data science, it is to gain newer insights about the available data sourced from various devices including the web, smartphone, and others that aid in decision making and business endeavors.
Steps Involved
Data analysis
Data cleansing
Data aggregation
Data manipulation
Advanced data analysis
The Ultimate Necessity of Data Science
Do you know that on an average, about 10 million photos are being uploaded on an hourly basis on this social media platform.
Data Science is among the fast-developing fields under information technology. This makes it imperative to understand ‘why?’ What makes it so important and inevitable? In today’s digitalized globe, there is mammoth information available online. There is constant explosion of data around the World Wide Web - the best example would be Facebook! Can you even imagine how many posts you would have seen on the FB in your lifetime so far? Isn’t that countless? On an average, about 10 million photos are being uploaded on an hourly basis on this social media platform.
Contrarily, the mammoth data thus collected is kept untouched or unused. The reality is however that with optimum utility of available data, we can bring in real transformation in the society and in business endeavors. The challenge lies with how we handle the available data which is where Data Science steps in.
Data Science is simply the tool that helps understand bulk data, analyze its different insights and bring about perspectives for wiser decision making.
If you still do not get a proper vision about the necessity of Data Science, here are a few examples:
Data Science helps physicians in understanding effectiveness of treatments given to patients through data sourced from Medical Trackers. This aids them in making potential decisions and enhance the quality of healthcare service provided.
In case of real estate industry, Data Science waves in with detailed reports to assess total time required to complete a construction, raw materials needed, overall budget, etc. This lets you take informed decisions and pre-plan accordingly.
On the social media, it helps in understanding customer traits, performance of marketing activities, customer response, etc. so that necessary iterations can be done in the future so that the pitch gets more effective.
Data Science fundamentally helps you get the vision of complex and voluminous data, be it in any form: graphical, numerical, temporary or geospatial.
The Job Role of Data Scientist
Now that you have a clear idea about Data Science, you need to know the job roles of a Data Scientist so that you will understand the steps involved:
First of all, know that in the present age of digitalized globe, Data Scientist is present across almost every industry and organization. They are veterans in technology with impeccable potential in building quantitative algorithms. They are predominantly focused on results with peerless subject-matter expertise. Above all, they essentially possess leadership qualities and communication skills that help them interpret these big data and arrive at tangible results.
Above all, Data Scientists possess excellence in programming knowledge and hold robust quantitative skills. Expertise in data mining, data warehousing, algorithms, etc. are added advantages of becoming a data scientist.
Are we confusing among Data Science, AI and ML?
It is obvious that you are perplexed with the terms Data Science, Artificial Intelligence and Machine Learning, as all the three are entrants to the technology industry in a similar era. That being said, the three are totally different, but inter-related to each other.
Artificial intelligence is enabling technology to mimic the actions of humans. As the name suggests, it is to artificially infuse the intelligence of us, humans.
By now, you already understand what Data Science is all about: it completely deals with the available data, study its statistics and arrive at concrete results. This is notably a subset of AI.
Scope of Data Science among Industries
Great that you have got the essential understanding about Data Science now, however, as a beginner, you are still perplexed as to how it can aid businesses. Here is how:
As you know, data science substantially helps companies in gaining competitive edge by iterating their product and service quality. Say, you analyze data obtained at your customer care wing, you can analyze your customer analytics and take effective marketing actions.
Considering logistics and freight forwarding businesses, data science can help in deciding appropriate shipment time in accordance with weather conditions and the like.
In fact, many times, the healthcare industry lacks proper streamlining of processes which are where data science comes in handy. Analyzing medical reports and symptoms can give efficacious statistics in taking informed decisions and providing enhanced healthcare services.
Fintech companies can make best use of data science in discovering fraudulence and bogus activities by steep analysis of big data.
The scope of Data Science is endless. This is a flourishing industry in the present-age digital trend which is why a lot of enthusiastic minds seek the best Data Science Training from Thryakshari, an industry expert with veterans in the niche. We dissipate explicit knowledge using practical examples and live interactive sessions so that you will understand it ground reality, and analytically understand its application across industries.
Thryakshari Data Science service has also facilitated endless clients in combating their big data troubles and bringing about a real change in their business processes with better clarity on their reports.
Reach out to us to enquire about our Data Science Training or avail our cutting-edge solution to Data Science.