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    Data Science

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    Timson
    Data science has become a fundamental discipline that encompasses principles, problem definitions, algorithms, and processes for extracting patterns from large datasets at the intersection of statistics and computer science. It addresses challenges characterized by complex, voluminous and heterogeneous data using machine learning, operations research, and data mining techniques.

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    Data Science

    Uploaded by

    Timson
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    Data science has become a fundamental discipline that encompasses principles, problem definitions, algorithms, and processes for extracting patterns from large datasets at the intersection of statistics and computer science. It addresses challenges characterized by complex, voluminous and heterogeneous data using machine learning, operations research, and data mining techniques.

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    Data science note

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    data science

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    Data science has become a fundamental discipline that encompasses principles, problem definitions, algorithms, and processes for extracting patterns from large datasets at the intersection of statistics and computer science. It addresses challenges characterized by complex, voluminous and heterogeneous data using machine learning, operations research, and data mining techniques.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    5 views4 pages

    Data Science

    Uploaded by

    Timson
    Data science has become a fundamental discipline that encompasses principles, problem definitions, algorithms, and processes for extracting patterns from large datasets at the intersection of statistics and computer science. It addresses challenges characterized by complex, voluminous and heterogeneous data using machine learning, operations research, and data mining techniques.

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    © All Rights Reserved
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    Download as docx, pdf, or txt
    of 4

    Chapter Abstract:Data science encompasses a set of principles, problem definitions,

    algorithms, and processes for extracting nonobvious and useful patterns from large data
    sets. Many of the elements of data science have been developed in related fields such as
    machine learning and data mining. In fact, the terms data science, machine learning, and
    data mining are often used interchangeably. The commonality across these disciplines is a
    focus on improving decision making through the analysis of data. However, although data
    science borrows from these other fields, it is broader in scope. Machine learning (ML)
    focuses on the design and evaluation of algorithms for extracting patterns from data. Data
    mining generally deals with the analysis of structured data and often implies an emphasis
    on commercial applications. Data science takes all of these considerations into account but
    also takes up other challenges, such as the capturing, cleaning, and transforming of
    unstructured social media and web data; the use of big-data technologies to store and
    process big, unstructured data sets; and questions related to data ethics and
    regulation.View less

    Data science has become a fundamental discipline, both in the field of basic research and in the resolution of
    applied problems, where statistics and computer science intersect. Thus, from the perspective of the data itself,
    machine learning, operation research, methods and algorithms, and data mining techniques are aligned to
    address new challenges characterised by the complexity, volume and heterogeneous nature of data.

    Introduction to Data Science


    Data Science is the study of data. It is about extracting, analyzing, visualizing,
    managing and storing data to create insights. These insights help the companies to make
    powerful data-driven decisions. Data Science requires the usage of both unstructured
    and structured data.

    It is a multidisciplinary field that has its roots in statistics, math and computer science.
    It is one of the most highly sought after jobs due to the abundance of data science
    position and a lucrative pay-scale. So, this was a brief to data science, now let’s explore
    the pros and cons of data science.

    Don’t forget to check top Data Science Books

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    Pros and Cons of Data Science
    The field of Data Science is massive and has its own fair share of advantages and
    limitations. So, here we will measure the pros and cons of Data Science. This article will
    help you to assess yourself and take the right course in the field of Data Science.
    a. Advantages of Data Science
    The various benefits of Data Science are as follows:

    1. It’s in Demand
    Data Science is greatly in demand. Prospective job seekers have numerous
    opportunities. It is the fastest growing job on Linkedin and is predicted to create 11.5
    million jobs by 2026. This makes Data Science a highly employable job sector.

    2. Abundance of Positions
    There are very few people who have the required skill-set to become a complete
    Data Scientist. This makes Data Science less saturated as compared with other IT
    sectors.

    Therefore, Data Science is a vastly abundant field and has a lot of opportunities. The
    field of Data Science is high in demand but low in supply of Data Scientists.

    3. A Highly Paid Career


    Data Science is one of the most highly paid jobs. According to Glassdoor, Data Scientists
    make an average of $116,100 per year. This makes Data Science a highly lucrative career
    option.

    4. Data Science is Versatile


    There are numerous applications of Data Science. It is widely used in health-care,
    banking, consultancy services, and e-commerce industries. Data Science is a very
    versatile field. Therefore, you will have the opportunity to work in various fields.

    5. Data Science Makes Data Better


    Companies require skilled Data Scientists to process and analyze their data. They not
    only analyze the data but also improve its quality. Therefore, Data Science deals with
    enriching data and making it better for their company.

    Explore the Future of Data Science


    6. Data Scientists are Highly Prestigious
    Data Scientists allow companies to make smarter business decisions. Companies rely on
    Data Scientists and use their expertise to provide better results to their clients. This
    gives Data Scientists an important position in the company.

    7. No More Boring Tasks


    Data Science has helped various industries to automate redundant tasks. Companies are
    using historical data to train machines in order to perform repetitive tasks. This has
    simplified the arduous jobs undertaken by humans before.

    8. Data Science Makes Products Smarter


    Data Science involves the usage of Machine Learning which has enabled industries
    to create better products tailored specifically for customer experiences.
    For example, Recommendation Systems used by e-commerce websites provide
    personalized insights to users based on their historical purchases. This has enabled
    computers to understand human-behavior and take data-driven decisions.

    9. Data Science can Save Lives


    Healthcare sector has been greatly improved because of Data Science. With the advent
    of machine learning, it has been made easier to detect early-stage tumors. Also, many
    other health-care industries are using Data Science to help their clients.

    10. Data Science Can Make You A Better Person


    Data Science will not only give you a great career but will also help you in personal
    growth. You will be able to have a problem-solving attitude. Since many Data Science
    roles bridge IT and Management, you will be able to enjoy the best of both worlds.

    b. Disadvantages of Data Science


    While Data Science is a very lucrative career option, there are also various disadvantages
    to this field. In order to understand the full picture of Data Science, we must also know
    the limitations of Data Science. Some of them are as follows:

    1. Data Science is Blurry Term


    Data Science is a very general term and does not have a definite definition. While it has
    become a buzzword, it is very hard to write down the exact meaning of a Data
    Scientist. A Data Scientist’s specific role depends on the field that the company is
    specializing in.

    While some people have described Data Science to be the fourth paradigm of Science,
    few critics have called it a mere rebranding of Statistics.

    2. Mastering Data Science is near to impossible


    Being a mixture of many fields, Data Science stems from Statistics, Computer Science
    and Mathematics. It is far from possible to master each field and be equivalently expert
    in all of them.

    While many online courses have been trying to fill the skill-gap that the data science
    industry is facing, it is still not possible to be proficient at it considering the immensity
    of the field.

    A person with a background in Statistics may not be able to master Computer Science on
    short notice in order to become a proficient Data Scientist. Therefore, it is an ever-
    changing, dynamic field that requires the person to keep learning the various avenues of
    Data Science.

    3. Large Amount of Domain Knowledge Required


    Another disadvantage of Data Science is its dependency on Domain Knowledge. A
    person with a considerable background in Statistics and Computer Science will find it
    difficult to solve Data Science problem without its background knowledge.
    The same holds true for its vice-versa. For example, A health-care industry working on
    an analysis of genomic sequences will require a suitable employee with some knowledge
    of genetics and molecular biology.

    This allows the Data Scientists to make calculated decisions in order to assist the
    company. However, it becomes difficult for a Data Scientist from a different background
    to acquire specific domain knowledge. This also makes it difficult to migrate from one
    industry to another.

    4. Arbitrary Data May Yield Unexpected Results


    A Data Scientist analyzes the data and makes careful predictions in order to facilitate the
    decision-making process. Many times, the data provided is arbitrary and does not yield
    expected results. This can also fail due to weak management and poor utilization of
    resources.

    You Must Read – Difference Between Data Science and Data


    Analytics
    5. Problem of Data Privacy
    For many industries, data is their fuel. Data Scientists help companies make data-driven
    decisions. However, the data utilized in the process may breach the privacy of
    customers.

    The personal data of clients are visible to the parent company and may at times cause
    data leaks due to lapse in security. The ethical issues regarding preservation of data-
    privacy and its usage have been a concern for many industries.

    Summary
    After weighing the pros and cons of Data Science we are able to envision the full picture
    of this field. While Data Science is a field with many lucrative advantages, it
    also suffers from its disadvantages.

    Being a less-saturated, high paying field that has revolutionized several walks of life, it
    also has its own backdrops when considering the immensity of the field and its cross-
    disciplinary nature.

    Data Science is an ever-evolving field that will take years to gain proficiency. In the end,
    it is up to you to decide whether the pros of Data Science motivate you to take this up as
    your future career or the cons that help you take a careful decision!

    Hope you liked our article on the pros and cons of data science. Share your feedback
    through comments.

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