Data science is a mixture of mathematics, business acumen, tools, algorithms, and machine learning techniques that work in finding out hidden insights from the raw data. This data is used in forming big business decisions.
The process of slicing through the vast part of data, processing and analyzing it for meaningful information for the business. This information gives business insight on the concerns, supply-chain, customer experience, and other aspects that work in the favor of business operations.
The data science job is considered to be the hottest job of the 21st century. The use of online information has remarkably risen over a decade where all the basic activities are done online. Additionally, there has been a rising demand for data scientists today. It is believed that by 2025, the Big Data analytics sector in India is likely to eightfold and will reach $16 billion.
Data scientists are supposed to have or develop skills in statistics, communication skills, data science tools, commendable knowledge in quants, and business acumen. They put these skills to use to work on data. They break down the data, look for various angles of approach, detect patterns, analyze and then extract the information.
It is not necessary to hold a degree or Ph.D., all you need is to know the fundamentals of analytics. To get started with this work you should possess the ability to work on analytics tools and understand the basics of data processing. Data Science is a rewarding career that gives you a perfect work-life balance.
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