We are surrounded by an inexplicable amount of data generated every day through a variety of sources. Businesses are leveraging the situation by gathering data from several places and utilizing it to find information about the latest industry trends, market tendencies, customer needs, and preferences. This way they are able to add value to their business.
Every organization wants to have a competitive advantage. There is a staggering demand for Big Data Analysts and data scientists who can spot hidden patterns in data, assess those patterns and come up with relevant insights that can be applied to business for higher profits.
Let us discuss the different roles in data science that are sometimes used interchangeably.
The field of data science is broad. Data scientists are involved in dealing with dissimilar formats of data – structured, unstructured and sometimes, semi-structured. They are required to pinpoint pertinent information out of the gruesome and produce insights by implementing a plethora of data science skills. It is mandatory for them to have knowledge related to a range of topics like statistics, data capturing, mathematics, programming, problem-solving, data cleansing, data adjustment just to name a few.
As defined by Gartner, Big Data can be seen as high-velocity, high-variety, and high-volume asset that require information processing. It is an innovative and cost-effective process and can be used for smarter decision making along with process automation.
In the past, storing large volumes of data through traditional techniques was not possible. Fortunately, there are newer machines now to store it. Professionals holding Data Analyst Certification pull data out of these reservoirs to organize and extract useful information.
Data Analytics encompasses mechanical processes along with algorithm applications. Big Data Analysts make appropriate use of these methods to develop a vision. These days, almost every business rely on data analytics to evaluate business models as well as approaches. Data analytics helps to bring accuracy in the decisions making process. Speculation and reasoning is a profound part of this area of science since the interpretation of data depends on the acumen and sensibilities of the Big Data Analyst.
Data mining is a procedure that identifies relations between disparate kinds of data for extraction of values that helps to produce fresh ideas. By using this technique, businesses are able to utilize the information for cost reduction and revenue elevation.
It is a procedure for evaluating already existing databases and generating new information. Data Science professionals make sound use of statistics and machine learning together with database systems.
Based on the roles discussed above, it is important to draw a conclusion that data science is a field of endless knowledge and people with the right acumen and dexterity can create a niche here.