Summary: All the virtual ideas that are penned down, could be turned into reality by Data Science. It is growing as one of the hottest fields because the backbone of Artificial Intelligence and any digital concept is Data Science.
Everyone these days is doing Data Science in their company. They are processing the data in some way or the other. It is difficult to enclose its definition by a few words because the field is continuously growing and revolutionizing itself. Data science refers to the process of ‘cleaning the data’, as in, extracting clean information from raw data.
It holds its uses in everyday life, businesses, research works by refining information through massive amounts of data, creating useful patterns for them, connecting that information from everywhere to deliver useful products & services to us. In a way, it acts as the backbone ofArtificial Intelligenceand other web development services online.
One primary definition of Data Science could be, “to make decisions and predictions by using predictive causal analytics, prescriptive analytics (predictive plus decision science) and machine learning”.
A data scientist does exploratory analysis to discover insights from it and uses various different machine learning algorithms, codes to determine which event occurred at what time. The work of a data scientist is to look from many angles, and not just one.
There are teams that analyze the data on the basis of structured or unstructured form. They decode the data given to them and process useful information out of it. This work could only be done by companies that offer the best data science services.
Data Science in various domains:
- The significance of data science has spread like a fire. Unlike earlier, where most of the information was decoded/ analyzed by using simple Business Intelligence tools, data could not be analyzed by using such simple methods. Its structure comes in complex or semi-complex ways. That’s why it requires advanced algorithms & complex tools to manage such large volumes of data.
- Interacting with customers has become more convenient because if the customer’s browsing history, purchase history, age & income are visible then they could be analyzed to focus on driving his interests.
- Data science is used in machines to collect live data from sensors, including radars, cameras, and lasers. For example, a self-driving car uses all these algorithms to create a map according to its surroundings and later, takes you home on its own. The advanced machine learning algorithms help it to make decisions like when to speed up, when to speed down, when to overtake, and where to take a turn.
- Predictive analysis is also an important domain that runs on data analysis. A phenomenon like weather forecasting could be carried out by the data from ships, aircraft, radars, satellites. It can be collected and analyzed to build models which not only forecast the weather but also predict any natural calamities.
Likewise, there are many domains where data science plays a major role in implementing various processes:
Working of Data Science:
Raw data is refined through a lot of expertise and disciplines. It usually has a 5-stage lifecycle constituting of:
1. Capture- Data acquisition ~ data entry ~ signal reception ~ data extraction
2. Maintain- Data warehousing ~ data cleansing ~ data staging ~ data processing ~ data architecture
3. Process- Data mining ~ clustering/classification ~ data modeling ~ data summarization
4. Communicate- Data reporting ~ data visualization ~ business intelligence ~ decision making
5. Analyze- Exploratory/confirmatory ~ predictive analysis ~ regression ~ text mining ~ qualitative analysis.
- In the first phase, the data scientist needs to frame the business problem and formulate the initial hypothesis regarding the requirements of the business. He can work with problems like how many people are available for working as a team, if there is efficiency among the workers, what are the priorities, and the required budget for the project.
- In the second phase, a lot of analysis needs to be done, like cleansing the raw data and making it available to use. For this purpose, the data scientist needs to explore a lot of information to analyze correctly.
- In the third phase, various tools & techniques are used for modeling the data. These techniques help to draw relationships between the variables, which in turn, set the base for performing algorithms.
- The fourth phase is applying the algorithms to build the models. The data scientist analyzes various learning techniques like classification, association, and clustering to build the model. He also develops datasets for training and testing purposes.
- Delivering the final reports, test documents, and briefings come in the fifth phase. The data scientist also spots the key researches, communicates the idea to the stakeholders & determines the outcome of the project.
A career in Data Science:
- A data scientist takes into account the aforementioned practices and uses them to deliver effective results. He basically needs to be proficient in maths and statistics to procure the information & present it after analyzing.
- He works in different fields like maths, science, computer science, stats, among others to formulate the results. Along with these subjects, he is fluent in technology to find solutions and deliver conclusions that are crucial for development.
- In brief, he decodes raw data to give information in a structured form.
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