In simple terms, let’s wonder – how decision making is done in both, the small and big companies? The answer can be – “By using the information and results from past efforts and events.” Quite right. Now, comes another question – “How are those results being measured?”. The answer to this could be, “By using data calculated through software’s and other technological resources, given it’s the age of digital.”
This explanation was to highlight the evolved nature of data collection on bigger levels and its impact on the present-day environment both in businesses and lives of the common man. This is exactly where the term “Data Science” comes into play. The very task of converting raw data into valuable information is Data Science. And the professionals who do this can be called Data Scientists, but not to forget that this is in itself a very advanced field. The designations of professionals could vary according to their skill-sets, as Not-One-Individual-Can-Do-It-All.
Data Science is a teamwork of “finding patterns out of available data, to creating value out of it for the mutual benefit of the parties in question.” Imagine how digital advertising is helping businesses grow. Take the example of Amazon for instance, there is a concept of Remarketing created through which, the consumers are shown exactly the kind of products which they usually check online. This is good for the consumers and Amazon since a wide range of similar products is offered at heavy discounts. The buyers can make easy choices, and enjoy discounts. The usage of Data Science is not limited just for businesses, but also in the efficient governance and economic decision-making. It is applicable even in the farm sector. For eg., the trend of productivity levels of a given crop could be measured and studied through sampling and other tools to create workable solutions. Later, the farmers could be educated on maintaining the same parameters to obtain more productivity.
In the present times, fundraising organizations are helping create a link between the people who want to donate for causes and the people who need real help. The world is getting smaller with technology, and Data Science is playing a crucial role in this.
If you are planning a career in this growing field, then get the right skills by taking up the best courses. Data Science is expected to grow in demand by 28% in the next year. Since 2012, this field has alone got a 650% jump in the emerging job market. This wasn’t even a field of study around 20 years back, and now see – the BOOM. Explore your placement options in the field of Data Science by taking psychometric testing in Delhi from the experts. You can get on-spot career assessment/counselling and know how to take a leap in the direction of your dreams.
In the conclusion, we would like to quote the Portfolio Director at Ideo, Chicago – Dean Malmgren, “When data science, interaction design, and engineering experts come together, we’re able to introduce radically new experiences and systems.”
For more information, contact your best career counsellor at University Leap.