Data Science — What Is It & Why Should You Care?
Data is the new oil
Data mining using data science is the new skill in demand
You will find data science applied in every industry in the 21st century. For instance, you will find it in the automobile industry which enables techs to predict the failure of equipment and machines (this is called Predictive Maintenance).
Or the banking industry, which is interested in using machine learning to prevent fraud and keep your transactions safe.
Or in healthcare, where data science and machine learning help doctors predict the onset of a disease so that the healthcare provider can build a treatment plan even before the patient shows the first symptoms.
Seagate, one of the top data companies in the world, did a study called The Digitization of the World.
A global community will produce 175 ZB’s of unstructured data by 2025
Unstructured data is in the form of images, text, etc. This data is produced by all of us, across different industries every time we interact with the systems of these industries.
Data Science & Machine Learning will transform industries
Using data science and machine learning allows companies to make faster decisions.
It can develop insights that are beyond human capabilities based on the patterns derived by Big Data.
This allows us to act at the right time and take advantage of opportunities, converting them into closed deals.