In the U.S., data scientists are experiencing some of the best job choices, based on the average salary and the number of available opportunities in the field. With the emergence of big data, businesses have explored a new asset – data that can help them experience huge growth when leveraged properly. You may already know that almost all the giant tech companies including Google, Facebook and Amazon have leveraged data in order to create their own business platforms. This perfectly explains the need for a different set of trained professionals who can organize, analyze, and derive valuable insights from data – the data scientists.
The role of data scientist surely involves a lot of great things and those are the reasons professionals from across the globe are striving to step into the field of data science. Businesses, regardless of their field and volume, are looking to recruit ‘effective’ data scientists. We mentioned the term ‘effective’ because there is a huge supply of so-called data scientists that often fail to meet the expectations. The continuing media hype around data science has heavily exploded the volume of junior talents over the past few years.
Probably you are already aware of the fact that artificial intelligence and machine learning are all around us, from phones to devices and a huge number of things in between. But do you know what is the core technology that enables these devices to perform effectively? It’s natural language processing or NLP. Have you ever come across situations like you’re typing something on your smartphone and it is coming up with word suggestions based on what you’re currently typing and what you usually type? Surely you did and that’s a natural language processing system in action. We surely overlook the technology and take it for granted but in the business domain, it is one of the biggest innovations that have transformed the entire domain.
By now, it has been fully established that big data is much more than just a buzzword, which was thought once by a lot of people. Instead, it’s probably the biggest asset that businesses may ever have. In order to leverage big data, businesses need to have robust strategies in place for handling massive volumes of data. And this is exactly where big data analytics tools come into the picture. They help businesses to identify trends, point out patterns and derive many valuable insights that can be used by decision-makers to make informed business decisions.
It’s a well-known fact that data science is one of the most attractive career options these days, thanks to the hype revolving around the data scientist job position. It has triggered increased interest in the data science field from both working professionals and those entering college. To deal with the increasing demand for data science professionals, a lot of institutions have started offering a data science master’s degree. If you too are planning to obtain such a degree, here’re ten facts you should consider before committing your time, effort, and money.
You may have already heard that data science is a fast-moving, exciting field that pays really well and a numerous number of aspiring candidates are trying to step into this field. All the hypes revolving around this field can trigger some common questions like “What is data science?”, “What are the skills required to enter data science?” etc. To help you establish context, here’s our effort toward demystifying data science. The following discussion should help you make an informed decision.