Article -> Article Details
Title | best online artificial intelligence programs |
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Category | Education --> Continuing Education and Certification |
Meta Keywords | data science and data analytics online course in kenya |
Owner | sankhyana |
Description | |
What is Data Science? Data Science refers to the science of extracting information from data. Data Science is an amalgamation of algorithms, tools, processes, machine learning methods to extract what is necessary and relevant to the customer’s needs. The term “Data Science” was officially coined a little over a decade back in 2008, when scientists and researchers emphasized the need to analyze structured and unstructured data. What are the Future Prospects of Data Science? There is no doubt that the data science industry will continue to evolve and encompass more fields in the coming years. The evolution of Artificial Intelligence and Machine Learning is heavily reliant on big data and analytics. Research shows 94% of data science graduates have gotten jobs in the field since 2011. Data Science experts are needed in every job sector. The use of data analytics in almost every industry has contributed to a sharp increase of 45% in the total jobs related to data science last year. According to the Hindu report, 97000 Data Analytics & Data Science jobs are vacant due to the skill gap. What is Data Analytics? Data Analytics refers to our ability to collect and use all the data (real-time, historical, structured, unstructured) to generate insights that informed fact-based decision- making. Data Analytics sanctions organizations to digitally transform their business and culture, becoming more effective, innovative and forward-thinking in their decision- making. Current Scenario of Data Analytics In the current scenario, there is a huge demand for data analytical professionals across the globe. Along with the increasing demand in the analytical industry, there is serve shortage of analytical professionals. The data analytics industry is evolving at a faster pace and the required skills and expertise are still lacking. Almost every industry has adopted data analytics and benefited from this. It is one of the hottest professions in the world right now. According to a report by the McKinsey Global Institute, data and analytics present a wide range of opportunities for business, and as technologies surrounding big data perpetuate making advances, we can expect that the potential applications and opportunities of data analytics will grow. According to NASSCOM (National Association of Software and Services Companies), the big data analytics industry is supposed to reach $16 billion by 20205. A salary survey from an organization suggested that Data Analytics is among one of the top-paying skills. According to indeed, the average salary for data analytics professionals is about $104,850 per annum. Conclusion With the vast use of electronic devices and digitalized production processes, the size of the data that is generated on a daily basis is immense. As the data volume is increasing, the opportunity to exploit the data also increases. Nine out of ten global business leaders in a survey claimed that data has become a new factor of production, as important as the other physical assets such as labor and capital. The fields of data analytics & data science are both rapidly booming, especially our country is almost like an ever-growing talent pool. The emerging profession of data analytics & data science professionals is highly lucrative because of quick development and higher pay. Organizations can have many reasons to adopt data analytics and data science, as it is providing better customer experience, reduction in expenses, securing the business, targeted marketing, new revenues, etc. |