WHAT IS DATA SCIENCE?
Data Science is the process of studying the datasets i.e. associated to collecting, organizing, interpreting and analyzing the raw facts and figures and then transforming the datasets into valuable and useful insights using the expertise and the skills required.
The field of data science is a mix of mathematical and scientific tactics. The valuable and useful information extracted from the datasets assists the organizations in recognizing the new market revenue opportunities and fostering the competitiveness of them.
THE DATA GENERATED ON A DAILY BASIS IS DRAWN FROM VARIOUS SECTORS. The moment you go online and surf anything, it leads to data generation. The platforms such as social media, cell phones, healthcare, internet surfing etc. has increased the amount of data generation. This has led to the opening of the door to a new field called ‘Big Data’.
Hence the demand of data scientists is rapidly increasing because the skills and the expertise required to deal with the large datasets i.e. big data are possessed by the ones who are knowledgeable and are experts in this field.
HOW DATA SCIENCE FUNCTIONS
The Data Science integrates the tools and techniques for gathering and processing the datasets and driving valuable and useful insights from the large datasets by mining the significant and meaningful data from the datasets. The processing and interpretation of data are fruitful and beneficial when the useful perceptions extracted are implemented in the decision-making processes.
There are multi-disciplinary areas associated to data science which includes mining, analytics, machine learning and algorithms, programming languages etc.
a) DATA MINING is concerned with the application of algorithms in the complex datasets to divulge the patterns associated and then using the same for obtaining relevant and useful information out of the dataset.
b) STATISTICAL MEASURES are concerned with using the relevant information extracted to estimate the events that may happen in the future based on the analysis of the past data sets.
c) MACHINE LEARNING is an artificial intelligence tool which proves to be of utmost importance when to deal with large and large datasets which humans might not be able to analyze during his lifetime.
THE DATA SCIENTISTS are equipped with the tools associated with various disciplinary areas discussed above. Hence it clarifies that why the demand of data scientists is growing at a rapid pace because the skills and knowledge base, they possess is commendable and is useful in various steps associated with dealing with the datasets.
THE DATA SCIENCE IS CONSIDERED TO BE THE PROMISING FIELD. The future of the data scientists is secured for sure be it in terms of job prospects or salary prospects.
The massive shortage which the industry of various sectors is suffering can be shortened or vanished if the existing professionals or the new entrants start enhancing their skills and knowledge base by pursuing data science training.
Undergoing the data science training will assist you in gaining a competitive edge over others. It helps to have an edge by being a step ahead in the ongoing cut-throat competition.