Data science, Data analysis, and machine learning are growing at an astronomical rate, and companies are now looking for professionals who can go through the gold mine and help them effectively manage quick business decisions. IBM predicts that by 2020, the number of jobs for all US data professionals will increase from 364,000 to 2,720,000. I caught up with CircleUp Senior Data Scientist Eric Taylor on a Simplilearn Fireside Chat to find out what makes data science and data analytics such an exciting field and what skills will help professionals take hold. strong in this fast growing field.
View the full Fireside Chat log to find out what’s new and exciting about data science and data analytics.
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What is data science?
People have been trying to define data science for more than a decade, and the best way to answer the question is through a Venn diagram. Created by Hugh Conway in 2010, this Venn diagram consists of three circles: math and statistics, subject matter expertise (knowledge of the field to be summarized and calculated), and hacking skills. In essence, if you can do all three, you already have a great deal of knowledge in the field of data science.
Data science is a concept used to address big data and includes data cleansing, preparation, and analysis. A data scientist collects data from multiple sources and applies machine learning, predictive analytics, and sentiment analysis to extract critical information from collected data sets. I understand business data and can provide accurate information and predictions that can be used to make critical business decisions.
Skills required to become a data researcher
Anyone interested in building a strong career in this field must acquire critical skills in three departments: analysis, programming, and field knowledge. Digging deeper, the following skills will help you gain a foothold as a data researcher:
1.Great knowledge of Python, SAS, R, Scala
2.Practical experience in coding the SQL database.
3.Ability to work with unstructured data from various sources, such as 4.ideas and social networks.
5.Understand more analytical functions
6.Knowledge of machine learning
What is a data analyst?
A data analyst is usually the person who can perform basic descriptive statistics, view data, and report data points to draw conclusions. They must have a basic understanding of statistics, a perfect sense of databases, the ability to create new views, and insight into visualization data. Data analysis can be called the necessary level of data science.
Master’s Program for Data Analyst
Skills needed to become a data analyst
A data analyst must be able to answer a specific question or topic, discuss what the data looks like, and represent that data to relevant business stakeholders. If you want to become a data analyst, you must acquire these four key skills:
1.Knowledge of mathematical statistics
2.Fluent understanding of R and Python
4.Understand the pig / hive
Data science vs. Data analysis
Data science is an umbrella term that includes data analytics, data mining, machine learning, and several other related disciplines. While a data scientist is expected to predict the future based on past models, data analysts extract meaningful information from various data sources. A data scientist creates questions for certain analysis, while a data analyst finds answers to the existing set of questions.
What is machine learning?
Machine learning can be defined as the practice of using algorithms to extract data, learn from it, and then forecast future trends for this topic. Traditional machine learning software consists of statistical analysis and predictive analytics that are used to identify patterns and capture hidden information based on perceived data.
A good example of an implementation of machine learning is Facebook. Facebook’s machine learning algorithms collect information about the behavior of each user on the partner platform