What is Data Science?

Data Science is an interdisciplinary field that deals with the study of vast volume of data using scientific methods, programming skills, algorithms, modern systems and tools to extract unseen patterns and knowledge from it to extract meaningful information and make decisions to improve execution of a business or any company. It uses various machine learning algorithms and make a predictive patterns. The one who is an expert or a professional in the field is called data scientist. Data scientists have range of programming skills and knowledge of Mathematics and statistics to analyze the data to extract useful information.

Data science was once called as a sexiest job in the world by Harvard Business Review.

Data scientists help business and companies to make smarter decision reducing the risk of failure. Thanks to the digital platforms and IOT that generates much more data than we could have imagined. A survey suggests that an average person in 2020 generated about 1.7MB of data every second and with rapid digitalization the total amount of data generated, captured and consumed in the world is estimated to reach 149 zetta-bytes by 2024. Every organization and industry are trying to catch up to utilize their data to fullest to make the best decisions for their growth and benefit. Ecommerce recommendation engine is one of the example where data is used to understand and analyze the customer behavior and recommend each of the customer with related products to increase the company’s sales and give their customers what they want. Therefore, the industries across the world rely on data driven insights as way to build their business and growth strategies and to execute their everyday operations. So it is obvious that the data science related jobs and opportunities have boomed and mushroomed across the world. No doubt on why Harvard Business Review called Data science as “One of the most sexiest job in the world”.