What is Data Science?
- Data science is an interdisciplinary field about processes and systems to extract knowledge or insights from data in various forms, either structured or unstructured, which is a continuation of some of the data analysis fields such as statistics, data mining, and predictive analytics
Who is a Data Scientist?
Data scientist solve complex business problems using data mining Techniques
Data for a Data Scientist is what Oxygen is to Human Beings. This is also a profession where statistical adroit works on data – incepting from Data Collection to Data Cleansing to Data Mining to Statistical Analysis and right through Forecasting, Predictive modelling and finally Data Optimization. A Data Scientist does not provide a solution; they provide most optimized solution out of the many available.
Gartner predicted in 2012 that Data Scientist & Business Analytics jobs will increase to the tunes of Millions by the end of 2015. This is very evident with the rise in job opportunities in various job portals. As a Data Scientist or an aspirant you should not believe us. Go! Research for your own and confirm the facts and figures.
How Data scientist add value?
Data scientist add value by using data mining techniques by doing one of the four things
Predicting the bad
Identifying the good
Automating Exsiting process
identifying patterns in data
What is Business Analytics / Data Analytics?
Business Analytics or Data Analytics is an extremely high-in-demand profession which requires a professional to possess sound knowledge of analyzing data in all dimensions and uncover the unseen truth coupled with the logic and domain knowledge to impact the top-line (increase business) and bottom-line (increase revenue). Also Google Trends shows the upward trajectory with an exponential increase in volume of searches like never seen before. This is proof enough to back the statements made by Harvard Business Review and the business research giants that Business Analytics will be the most sort after professional world has ever witnessed.