Data science is a term that has increased in popularity in the past several years. In 2012, the Harvard Business Review published an article titled “Data Scientist: The Sexiest Job of the 21st Century.” According to the report, demand for skilled data scientists is racing far ahead of supply. In fact, this shortage of data scientists is creating market disruption in some sectors. But what exactly is data science and why is it so important?
Data science is a field of study
That uses scientific approaches and country email list methods, coding, applications, mathematics, statistics, and other systems to extract useful insights from data. In a business setting, a data scientist can extract those valuable insights for the company’s benefit. A business hires a data scientist to mine, analyze, and manage stored data and then report any beneficial or profitable findings. But why exactly are skilled data scientists in such high demand? The answer is, quite simply, the Internet.
Background on the rise of data science
In the early 1990s, the Internet was the importance of email security in marketing just starting to take off. But in just a few short years, millions of people were already using the Internet to send emails and transmit data across the web. Now, in 2019, the amount of data transmitted and received over the Internet is mind-boggling. According to Domo, 2.5 quintillion bytes of data are transmitted over the Internet every day. And this number is only getting higher.
Data is flowing in and out of almost
Every machine we use today, from belgium business directory cellphones and computers to devices such as cars, thermometers, phones, coffee pots. These devices are processing and sending data over the Internet and companies store them for analysis. But with so much data, how can companies possibly keep up? How can they possibly analyze the sea of data they find themselves in? This is where the data scientist comes in. However, skilled data scientists are few and far between. And without effective data scientists, valuable business data will remain untouched and unanalyzed.